Lloyds to Give iPads to New Mortgage Customers

Customers of Lloyds Bank, buying a property for the first time or moving home will receive a free iPad when they sign up for a mortgage. The promotion is open to those who successfully apply for a mortgage between 7 October and 27 November. With homeowners reportedly taking up to six weeks to get internet […]

Posted in: News Read More →

Cameron Commits to £50,000 Higher Rate Tax Limit

The Conservatives have thrown down the gauntlet to its rivals by announcing that it will raise the 40 per cent tax threshold from £41,900 to £50,000 if they win the 2015 General Election This was the promise made by David Cameron at this week’s Conservative Party Conference, a surprise move viewed by political experts as […]

Posted in: News Read More →

330,000 Customers to Have Loans Written Off by Wonga

Wonga has announced that it is to write off more than 330,000 loans which are more than a month in arrears following an investigation by the Financial Conduct Authority (FCA). On top of this around a further 45,000 customers who are up to 29 days in arrears will be asked to repay their debt without […]

Posted in: News Read More →

Broadband Speeds Struggling to Cope With Peak Demand

Latest research from comparison site Uswitch.com shows that broadband speeds across the UK are at their fastest at 5am, but slow by more than a fifth by the time the majority of people are using their PC, laptop or tablet at 9pm. The range between best and worst speed varies in different parts of the […]

Posted in: News Read More →

One in Three People Dip Into Savings Every Month To Make Ends Meet

Dwindling levels of disposable income has led to almost a third of people in the UK having to raid their savings each month to help pay for household essential, according to the Scottish Friendly ‘Disposable Income Index’. It claims that more than nine million people regularly dip into their savings each month to the tune […]

Posted in: News Read More →

Mortgage Customers Urged to Review Finances Now Before Rates Increase

A Building Societies Association survey revealed that one in four mortgage customers claim they will struggle to cope financially if rates increase. The research in conjunction with Money Advice Trust said that 40% will have to cut back on holidays and meals out to cope with the additional monthly cost. More worrying was the claim […]

Posted in: News Read More →

Are You Paying Too Much For Your Car Insurance?

Premiums for car insurance are too high, the competition watchdog has said. The competition commission’s investigation of the £11bn motor insurance market found it was not working well for motorists . Too many drivers were footing the bill for unnecessary costs that were needed during the claims process for accidents and that this is adding […]

Posted in: News Read More →

Your Finger Could Soon Be All The Identity You Need to Access Your Bank Account

Barclays has just announced that its business customers will be able to access their accounts via high-tech finger-recognition technology from 2015. By scanning their finger with a VeinID device, customers will be able to log on to their accounts instead of having to rely on PINs, passwords or secret log ins. It is hoped the […]

Posted in: News Read More →

Only One in Three Will Give Up Work When They Reach 65

Two-thirds of workers approaching retirement intend to continue doing some form of paid or voluntary work once they are in ‘retirement’. Two-thirds of workers aged 50+ plan to do some form of paid work during retirement, with nearly a third doing so because they enjoy working, rather than for financial reasons. A quarter of workers […]

Posted in: News Read More →

Half of Consumers Don’t Know Their Mortgage Rate

As the Bank of England becomes increasingly likely to increase interest rates, almost half of UK mortgage holders are unaware of their current interest rate, according to new reports. More than a third were stunned to learn that if the base rate rises by just 1%, it could add £91 to the average UK variable […]

Posted in: News Read More →