Personal Finance NewsOver-55s used housing equity to clear more than £612 million of unsecured debt in 2020, new data* analysis from Key shows. Credit cards (av. £8,500), overdrafts (av. £2,000) and loan balances (£11,700) were most commonly repaid as people looked to manage their retirement income by reducing outgoings. Around a fifth (18%) of the £3.4 billion property wealth […]
UK homeowners living near tourist hotspots should prepare for a money-making parking bonanza according to new research as foreign holiday travel plans are severely restricted, including proposed £5,000 fines for those flouting the new curbs. The research conducted by online parking portal YourParkingSpace.co.uk found overwhelming evidence that many Brits would still prefer a staycation rather than holidaying abroad, even if they had the option to jet away. It means British homeowners with an empty driveway, such […]
With the roadmap to recovery, the vaccine rollout and the economy slowly re-opening, there is a newfound sense of optimism in the UK after what has been a torrid 12 months. It is thought that SMEs will be critical to the economic recovery over the coming months and years, so what is the best way […]
As a motorist, it is important that you appreciate the potential hazards and costs you can face when owning a car and how to protect against them. Insurance the obvious and best way to protect your vehicle although there are various types of insurance available that every motorist should familiarise themselves with. The right product […]
Nearly one in five (19%) employees aged between 65-74 have delayed their retirement as a result of the pandemic according to new research from Close Brothers. The figure among those aged 55-64 is also hugely worrying with 14% having had to make the same decision. The report, ‘Expecting the unexpected: a spotlight on preparing for […]
New research from Direct Line Travel Insurance reveals that 13.7 million people believe they have to pay for a Global Health Insurance Card (GHIC) – the new replacement for the European Health Insurance Card (EHIC) – despite it being free. With unofficial websites charging around £29 per application, this could mean Brits risk losing up […]
People who quit smoking could save up to £16,000 on their insurance premiums, Royal London has found. Non-smokers could be eligible for lower rate premiums if they have not smoked tobacco or used any nicotine replacement products including e-cigarettes for 12 months. No Smoking Day falls on Wednesday 10 March this year. Here are examples […]
What to look for in a forex broker If you’re one of the growing number of new forex trader, you’ll need to carry out your business through an online brokerage platform in this digital age. However, choosing a forex broker can be far from straightforward, thanks both to the competitive nature of the market and […]
If you have some surplus funds in your business current account at the moment but don’t want to lock your cash away for 12 months or more in a fixed rate bond, then a business notice savings account may be the answer. It’s not as flexible as being able to get instant access to your […]
