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Nearly half of young adults living at home keep quiet about their savings and debts

| February 26, 2019

21 Feb 2019 With the number of adult children sharing the family home with parents at an all-time high, new research from Charter Savings Bank1 shows they are not always quite so good about sharing details on their finances. The nationwide study found nearly 69% of parents are open about their finances with their adult children […]

Minimum credit card repayments costs borrowers thousands in interest and takes nearly 20 years to clear

| February 17, 2019

17 Feb 2019 Alastair Douglas, CEO of credit experts TotallyMoney, comments on the high cost of solely making minimum credit card repayments, urging borrowers to adopt a simple fixed-payment strategy that could save them thousands. “Paying a bit less each month on your card balance may seem like a great gesture from your credit card company […]

RateSetter ISA enjoys fantastic first year

| February 13, 2019

12 Feb 2019 Peer-to-peer lending platform RateSetter’s ISA has exceeded expectations in its first year, having attracted £175m of subscriptions, and currently accounts for one-fifth of the platform’s £830m funds under management. Almost one-quarter of RateSetter investors have opened an ISA with 16,500 people currently enjoying their returns tax-free within the ISA wrapper. In contrast […]

1.4 million holidaymakers forget passports

| February 12, 2019

11 Feb 2019 British holidaymakers are routinely turning up at airports without their passports causing holiday headaches before they have even seen an inflight menu. A new study from Sainsbury’s Bank Travel Insurance reveals that 1.4 million holidaymakers have forgotten their crucial travel documents before leaving the UK. In fact Britons admit they are more […]

5 ways to keep on budget this Valentine’s Day

| February 8, 2019

08 Feb 2019 While Valentine’s Day is a day full of romance and encourages us to do something special with our loved ones, it’s important we don’t blow our budgets on one day and remember the real reason for the celebration.  It’s very easy to overspend, but  being smart about the impact this has on […]

One in four are borrowing cash from their family

| February 7, 2019

07 Feb 2019 As everyone feels the January pinch on finances, new research from Charter Savings Bank1 reveals many will be relying on family and friends to tide them over. Its nationwide study found that one in four (25%) adults have borrowed from their loved ones in the past year. The handouts from family and friends […]

Consumers paying out £3.7bn for life insurance before policies are cancelled by providers

| February 5, 2019

04 Feb 2019 The ‘squeezed middle’ are spending £3.7bn on life insurance before having their policies cancelled by providers because they have fallen into financial difficulties, according to research by Co-op Insurance. According to the findings, the average 30-60 year old in the UK had paid out £2,050 before their insurance was cancelled after holding […]

Brexit uncertainty sees borrowers taking longer-term fixed rate mortgages, says the Yorkshire

| January 30, 2019

30 Jan 2019 An increasing number of borrowers are choosing five-year fixed rate mortgages as Brexit uncertainty prompts people to seek peace of mind when it comes to their home loan, according to Yorkshire Building Society. The Yorkshire reported a 44%[ rise in the number of borrowers choosing the longer-term mortgage rate last month (December 2018) […]

Lloyds Bank launches 100% mortgage for first time buyers

| January 29, 2019

29 Jan 2019 The latest first time buyer mortgage deal from Lloyds Bank isn’t a stand alone 100% mortgage, but is supported by a 10% deposit in a separate 3-year fixed rate savings account from a family member. The mortgage rate is fixed for three years at a competitive rate of 2.99% – and thankfully […]

One in three Britons don’t feel on top of their finances

| January 29, 2019

29 Jan 2019 New research released today reveals that over a third (37%) of Britons don’t feel on top of their personal or professional finances. The survey of 1,550 British workers, commissioned by award-winning cloud accounting software provider FreeAgent, found that 22% of respondents said that they resent having to spend time on household and life […]