Personal Finance NewsA new study has found that less than half (48%) of drivers are aware of April’s increase in first-year rates for Vehicle Excise Duty (VED) – despite facing potentially substantial increases. As a result, drivers buying new cars this year might not fully understand the costs involved, meaning they could be choosing vehicles they can’t […]
Leeds Building Society estimates that an additional 21% of first-time buyers in England face paying Stamp Duty when a freeze on thresholds is removed next week. Currently, first-time buyers pay stamp duty on homes costing more than £425,000 but from Tuesday (April 1) that will reduce to £300,000. The Society has assessed 2024 market-wide mortgage […]
A new study has revealed that an estimated 6.6 million Brits now rely on their credit cards to pay everyday bills such as groceries and utilities. In total, 17% said they need their card to afford their bills, with 13% stating that the cost of living crisis is the reason for this. This highlights that […]
Ahead of Debt Awareness Week, which is being held between Monday 24th and 30th March, TotallyMoney shares five tips to help customers cut costs and get debt free. Research shows: 20.3 million people live in financially vulnerable circumstances, with 2.7 million falling into difficulties* The average credit card debt per household is £2,528† Balances on credit […]
From March 31st many broadband providers hike their prices. If you’re already out of contract or will be before that date, now is the time to check. MyVoucherCodes tech and money-saving expert, Nathan Walters, says “Many of our household bills will rise in April, and not overpaying for your broadband will make a significant impact […]
Santander has today launched a new range of Fixed Rate ISA products, with a £50 voucher offer for customers transferring in £10,000 or more from a non-Santander ISA. The new range of competitive ISAs, which can be opened online or in branch, are: 1 Year Fixed-Rate ISA – 4.15% AER/tax-free (fixed) 18 Month Fixed-Rate ISA – 4.05% AER/tax-free (fixed) 2 […]
A new study has found that 2.9 million UK drivers pay more for their Vehicle Excise Duty (also called car tax) than necessary, simply because they’re unaware of a 5% surcharge applied to their payments. Drivers who choose to spread the cost of their car tax through monthly direct debit instalments have to pay this […]
Mortgage broker Mojo Mortgages has carefully assessed the possible scenarios and their implications for homeowners and aspiring first-time buyers before transforming this insight into a guide: How will the Spring Statement 2025 impact my mortgage? While a major overhaul of fiscal policy isn’t expected, even subtle adjustments could have a ripple effect on affordability and access to […]
The end of the financial year is a month away, and Hodge is offering their top tips for getting the most out of your ISA. As the end of the tax year approaches, now is the perfect time to make sure you’re maximising your Individual Savings Account (ISA) allowance. These tips come after a significant […]
