Personal Finance NewsA staggering 91% of Brits have reported an increase in their living costs compared to a year ago, with 73% saying that costs have become more expensive in the last month alone – but benefits expert Paul Brennan explains that support is out there, if you know how to access it. “If you find that figuring out which benefits […]
Criminals are taking advantage of the cost-of-living crisis by advertising goods which don’t exist. Customers trying to reduce their energy expenditure could find themselves being specifically targeted, as revealed in NatWest’s 2022 list of predicted purchase scams criminals will use this Black Friday. Air fryers are predicted to be one of the top new scams […]
As parents struggle to make ends meet, kids’ nest eggs are taking a hit, with 12% of parents resorting to dipping into their children’s ‘piggybanks’ this year. With a tough year on the horizon 58% of families today have no savings account in place for their offsprings’ futures. Independent research from Metro Bank has revealed […]
Analysis of the latest Bank of England figures from Freedom Finance, one of the UK’s leading digital lending marketplaces, shows that the average quoted household rates on personal loans are accelerating sharply. Rates on both £5,000 and £10,000 personal loans registered the second largest monthly increase ever recorded and grew to their highest levels in recent years. […]
By James Mabey, Senior Associate at Winckworth Sherwood Amid the current cost of living crisis and economic backdrop, it is understandable that many executors will decide to administer a deceased’s estate themselves and dispense with the cost of instructing a solicitor. We have compiled a list of 5 key reasons why it pays to pay […]
A leading legal expert reveals what happens to a person’s debt when they die, including who is responsible for paying up and what happens if the money has run out. There are a lot of misconceptions around debt and inheritance according to Solicitor Nicola Clayton of Atkins Dellow, who says it isn’t as simple as your debt dying with you. […]
Small businesses constitute a significant part of the economy, and credit cards are critical to their success. UK Finance head of research Adrian Buckle reports that there has been a long-running trend away from cash, with more consumers veering towards cashless options such as credit cards. In 2008, approximately 60% of payments were made in cash; […]
As 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 […]
