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

Andrew Hagger | 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

Andrew Hagger | 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

Andrew Hagger | 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 […]

A quarter of consumers will use digital banks within five years

Andrew Hagger | January 25, 2019

24 Jan 2019 At least a quarter (24%) of Brits will have an account with a digital-only bank within the next five years, according to new research from personal finance comparison website finder.com. A further 21 percent said they would consider a digital-only bank once they have more information, meaning that almost half of Brits (46%) […]

3 million Brits still paying off Christmas 2017

Andrew Hagger | January 24, 2019

23 Jan 2019 UK adults are starting 2019 with outstanding borrowing from 2017, with 3.1 million  people still paying for Christmas 2017. The new study from Sainsbury’s Bank Credit Cards found more than a quarter (27%) of people have debt remaining from two years ago. This New Year, UK adults still owe money from 2017 shopping […]

UK adults risk it as relatives manage their money for them

Andrew Hagger | January 21, 2019

21 Jan 2019 UK adults are putting their finances at risk by shortcutting powers of attorney and relying on good will from their relatives to manage their finances, according to Co-op, the UK’s leading probate provider. A quarter (25%) of over 45 year olds have access to a relative’s bank account who isn’t their spouse. […]

A quarter of people don’t save for the cost of Christmas

Andrew Hagger | January 17, 2019

17 Jan 2019 Christmas may be an expensive time of year but new research by Leeds Building Society found nearly a quarter of people in the UK who celebrate the festive season (24%) don’t save ahead for it at all. Conversely, 15% of those surveyed start saving in January although 39% tend to leave it […]

You are more likely to get divorced than change your bank says Tandem

Andrew Hagger | January 8, 2019

08 Jan 2019 The 8th of January marks the most popular day of the year for people in the UK to begin legal proceedings to dissolve marriages. Sometimes things just aren’t working and a low point at the start of the year is enough to push a marriage over the edge. So why are people more […]

1 in 4 unaware of Personal Savings Allowance says Leeds Building Society

Andrew Hagger | January 8, 2019

08 Jan 2019 More than half of savers (53%) still intend to rely on ISAs to protect interest on their nest egg from the tax man, according to new research by Leeds Building Society. The national survey also found most people (66%) chose an ISA because they knew their interest would be tax-free†. The Society has […]

Mortgage searches up 60 per cent on early December according to Habito

Andrew Hagger | January 2, 2019

02 Jan 2019 As the nation goes back to work, new data reveals Britons are also heading online for mortgage advice. The research, conducted by free online mortgage broker, Habito, looked at Google trend data from the last five years across mortgage-related search terms such as ‘mortgage deals’ and ‘best buy mortgages’. 27th December onwards is when […]