Personal Finance NewsAs details emerged this week that the average 2-year fixed rate mortgage is now 6.43%, Leeds Building Society has looked at historical data to calculate the equivalent mortgage rates. Interest rates of 6.43% may seem lower than the mortgage rates of 15% which borrowers were paying in 1980 for example, but there is a critical […]
As the savings market continues to surge, Cahoot, the UK-based online bank, has today announced increased rates on its Fixed Rate Bond range, including ‘top of market’ rates on two year and three year Fixed Rate Bonds.. Fixed Rate Bonds are available immediately: · 1 Year Fixed Rate Bond: 4.30% AER/Gross from 3.70% AER/Gross […]
Nearly one in five (17%) properties received an offer within one hour of a viewing, with one in 14 (7%) buyers making an offer on a house without even visiting it, according to data from the past five years. This trend is far starker in 2022 as 31% of properties now receive an offer in an […]
Drivers could save themselves over £97 a month by simply starting to lift share with a colleague and splitting the cost of fuel, new data has found. With household energy bills expected to be £190 more a month than last year in October, drivers are being urged to review their travel costs. Ofgem recently reported […]
A quarter (27%) of savers are currently putting money away to get ahead of rising bills, according to recent research carried out by Atom bank and Walnut Unlimited. The looming energy cap increase in October seems to be at the forefront of our minds, with many of us worrying about making ends meet in the […]
One in three mortgage customers in the UK say that rising interest rates mean they cannot afford their repayments, new research commissioned by Butterfield Mortgages has found. The independent survey of 2,000 UK adults found that a third (33%) of mortgage holders believe the interest rate hikes over the past year have made their mortgage repayments unaffordable. Among […]
As rising living costs leave households £249 poorer a month on average, research from Nationwide Building Society reveals one in eight people are putting off getting the help they need. The poll comes a month after Britain’s biggest building society launched its freephone cost-of-living hotline1 (0800 030 40 66) and as it gears up to provide financial health […]
Gatehouse Bank has today revealed new research that shows young adults are still prioritising ethical savings options despite the cost-of-living crisis, marking a shift in attitude compared to older generations. The research shows that almost two thirds (65%) of those aged 18 to 24 would continue to choose an ethical savings account in the current economic […]
Savers can help fund vital green projects across the UK while earning an improved rate of interest from today, with the third Issue of NS&I’s Green Savings Bonds paying 3.00% gross/AER fixed-rate over a three-year term. The Bond is available to purchase online at nsandi.com, having increased from 1.30% gross/AER for the second Issue released on […]
