Personal Finance NewsAldermore’s new buy to let research, surveying 1,000 UK-based landlords, highlights the important contribution landlords make to their local economy with eight in ten turning to a local tradesperson when their property requires work or renovation. Landlords spent on average £1,443 in the last 12 months on services such as plumbers, builders, letting agents and […]
The reality of adult life is having to take more responsibility for the state of our finances. Long gone are the days of receiving a little pocket money from mum and dad for doing the chores; instead, we’re faced with the big bad world of credit scores, loans, mortgages, bills and much more. Unfortunately, these […]
Research from credit experts TotallyMoney and MoneyComms reveals how just making minimum repayments on credit card balances costs customers thousands in interest and takes over two decades to clear. Only making the minimum repayment each month will take over 26 years to clear a credit card balance Customers expected to lose a staggering £3,775 due to interest Fixing monthly repayments to the first […]
Credit experts TotallyMoney have advised that those booking holidays could protect themselves under Section 75 of the Consumer Credit Act by using a credit card, meaning customers could get their money back should something go wrong. The advice comes at a pivotal time for holiday makers with Flybe at risk folding, following the devastating collapse of Thomas […]
RoosterMoney, the pocket money app, reveals that kids received a new high of £273 pocket money (£5.25 a week) last year, up 7.5% from 2018, and encouragingly they saved 38% of it. This is in stark contrast to the latest statistics showing adults are only managing to save 6.8% of their income. Children are picking […]
Open Banking has the potential to improve the way in which consumers manage their finances. However, two years on from its introduction, Which? has found nearly three quarters (73%) of people still haven’t heard of Open Banking. Of the just over one in four people (27%) who had heard of Open Banking, only 4 per […]
This January will be the most popular month for people to book holidays for the coming year according to new research from Sainsbury’s Bank Travel Insurance. The study indicates that around 6.4 million people across the nation are looking to book getaways then. More than three quarters (76%) of UK adults will go on holiday […]
Research by credit experts TotallyMoney and MoneyComms warns that lenders are putting the squeeze on introductory 0% interest cards for balance transfers. Consumers looking to take charge of their debt in the new year may struggle to find a deal that lasts long enough to clear their debt interest-free. The maximum term for interest-free transfers […]
23 Dec 2019 A record-breaking number of transactions are being processed in the run up to Christmas as shoppers rush to finish last minute shopping. Since Black Friday, NatWest customers have spent £11,816million. This is coupled with a record number of fraud attempts, with NatWest flagging and preventing 39,181 fraudulent transactions, preventing debit and credit customers from […]
