Personal Finance NewsAnalysis 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. […]
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 for Probate. Protection from financial risk: Executors are […]
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 […]
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 […]
