Personal Finance News

81% of Brits believe mortgage lenders “quietly hope” they will slip onto their SVR

18 Dec 2018 A staggering 81% of Brits believe their mortgage providers “quietly hope” they will slip onto their Standard Variable Rate (SVR) at the end of their fixed rate period, a YouGov survey on behalf of ‘always-on’ mortgage switching platform, Dashly, revealed today. Worryingly, a significant percentage do precisely that: the survey found that nearly 4 in 10 (38%) British borrowers […]

1 in 10 scrap New Year savings resolutions within a month

18 Dec 2018 It seems keeping a New Year’s resolution to save money is as hard to maintain as going to the gym or giving up a guilty pleasure. Research from Leeds Building Society found 10% of people who didn’t reach their savings goals in 2018 had failed by the end of January. Two-fifths had […]

Brits Christmas presents at risk as 53% don’t have contents insurance

08 Dec 2018 New research from LV= General Insurance reveals that nearly two in five (37%) adults will hide gifts for loved ones in an outdoor space this Christmas. But more than half (53%)* of Brits risk a season of sad tidings by not having contents insurance ahead of the UK’s peak burglary season. On average, Brits […]

Experian reveals homeowners are overpaying up to £1,800 a year on their mortgage

04 Dec 2018 The majority of mortgage shoppers are looking at fixed-term deals following the rise in interest rates this summer, new analysis from Experian has revealed. At the beginning of August, the Bank of England increased the Base Rate from 0.5% to 0.75% – it’s highest level since March 2009. The increase in the […]

Perplexed by wills: more than 5 million adults do not know where to begin

03 Dec 2018  New research by Royal London reveals that 5.4 million adults without a will in the UK would not know where to begin if they were to write one. Worryingly, the data also shows that 59% of parents either do not have a will, or have one that is out of date. It […]

Self-employed fear mortgage discrimination is rife

28 Nov 2018 More than 3.5 million (71 per cent) self-employed people feel discriminated against by mortgage lenders and nearly a million (20 per cent) think they would be refused a mortgage if they applied for one simply because they are self-employed. The shock findings are from research among people who are sole traders, contractors, […]