Personal Finance News

17 Jan

Will your bank statement stop you from getting a mortgage?

According to new research from mortgage broker Boon Brokers, 83 per cent of people say they aren’t aware activity on their bank statements could be a red flag to a mortgage lender. Even when prompted, 58 per cent had never considered that gambling transactions on their account may cause any issues. When given a list of […]

12 Jan

Nearly seven in 10 pensioner homeowners eligible for State Benefits are missing out

Just Group’s twelfth annual State Benefits insight report finds that pensioner homeowners are missing out on thousands of pounds of extra income by failing to claim their full entitlement to means-tested State Benefits. The annual research is based on in-depth fact-finding interviews with clients seeking advice on equity release during 2021 and, in its key findings, […]

6 Jan

2022 Moneynet Awards – Winners announced

Below, are the results of the 12th annual Moneynet PersonalFinance Awards (2022) celebrating the best providers and products from the last twelve months. The tough economic back drop and ongoing covid pandemic made it another challenging year for providers and customer alike, but the competition between banks, building societies, insurers, fintechs and credit card companies remained fierce […]

5 Jan

£1,831 could be the cost of not transferring a credit card balance

TotallyMoney, the credit app that helps everyone move their finances forward, highlights the cost of carrying a monthly credit card balance bearing interest and demonstrates why now is the time to act. Figures show that more than half (54%) of customers with an outstanding monthly credit card balance are paying interest* This comes at a […]

29 Dec

New Year budgeting tips

The holiday period is a time where many of us may spend a little more than usual, and we may find ourselves needing to stretch our money a little further. As we enter another New Year, now is as good a time as any to re-evaluate our spending habits and get our finances in order. […]

22 Dec

Four in ten households planning to spend less on Christmas this year, although average spend is up

Four in ten households are choosing to scale back festive spending in 2021 compared to 2020, Paragon Bank research has revealed.   This is despite the average Christmas budget having increased by 12% year-on-year. The average household is scheduled to spend £580.30 in 2021 – this is up from £517.10 in 2020. Nearly one in […]

21 Dec

Thieves steal items worth an average of nearly £3000 in home burglaries

Burglaries and home invasions are serious incidents causing  fear and anxiety for tenants and homeowners. There were roughly 267,000 burglaries reported in England and Wales in the year up until March 2021, which although represents a significant decline over recent decades – still shows that burglaries are common in society. Undoubtedly, some areas are more […]

17 Dec

Almost 40% of Brits admit to binning Christmas presents

39% of people admit to having thrown away a Christmas present in the last five years, which equates to some 21 million people binning gifts according to research from Tesco Bank Average value of thrown away gifts is £59 The presents most likely to disappear into the rubbish bin: Beauty & bathroom products (e.g. aftershave, toiletries, bath […]

8 Dec

Almost half of UK shoppers are on the hunt for sustainable gifts this Christmas

This present buying season, nearly half (47%) of UK shoppers are on the hunt for sustainable Christmas gifts, worried that wrapped gifts will go unused and unwanted, according to new research from Tesco Bank. The desire to turn gifting green this Christmas rises among people aged 18 to 34, with over half (56%) wanting to […]