Personal Finance NewsWith the Bank of England’s interest rate continuing to rise, Moneycomms research commissioned by TotallyMoney looks at the impact of an increase to 1% above its 2021 level of 0.1% on mortgage payments, using house price figures from HM Land Registry. With the UK’s median loan-to-value (LTV) ratio at 73.46, the research is broken down […]
Cifas has warned that fraudsters will cash in on our demand for debt as prices rise. There were 360,000 fraud cases recorded on the National Fraud Database in 2021– back to pre-pandemic levels. Identity fraud made up 63% of all cases – up 22% in 2021 – 91% of it was online. 24% of identity […]
New research published by used car buying service, ChooseMyCar.com, has revealed that over 90 per cent of drivers believe the Chancellor’s reduction on fuel duty has had zero impact on their fuel bill. Spiralling fuel costs led Chancellor Rishi Sunak to cut the fuel duty by 5p a litre in a move that was widely […]
Poor credit scores have deterred one in 10 Britons from applying for a mortgage, according to new research by The Mortgage Lender (TML). The research also suggested evidence of a limited understanding of credit scores among the population. Nearly two-thirds (62%) of the 2,000 UK adults surveyed for the research said they did not know […]
According to new researchfrom wealth manager, Brewin Dolphin, 60% of British retirees have started accessing their pension pot without taking any advice from a financial adviser prior to retiring. Additionally, 78% of British people who have retired do not receive ongoing advice on how they can fully use their pension pot as they spend or […]
Which? is advising families facing cost of living pressures on how they can save money over the Easter holidays with these handy hacks for free, or cut-price, activities. Enjoy a meal out with ‘kids eat free’ offers When dining out as a family, it is worth checking if nearby restaurants offer discounts for children. […]
Brits are battling rising household bills, food costs and energy prices as the economy grapples with extensive inflation. Chancellor Rishi Sunak is set to take centre stage, delivering his Spring Statement this afternoon, as the public seeks more immediate solutions to the cost-of-living crisis at hand. While we anticipate what’s to come, research commissioned by […]
iCarhireinsurance.com, a leading supplier of car hire excess insurance, has compiled an essential checklist to ensure holidaymakers get the best deal on their hire car in 2022 and avoid car hire pitfalls. Shop around and consider booking early – There is a global hire car shortage this year, and increased demand as people return to travel, so […]
It’s one month to go before the end of financial year, the traditional time for savers to make the most of their current tax-free allowance and start thinking about their ISA (Individual Savings Account) plans for the year ahead. Brits have continued to build on their savings pots with the nation stashing away £7.7billion in […]
