Nationwide Building Society’s mortgage lender has raised interest rates for homeowners by up to 0.3 percent on fixed rates across their range. Its two-year remortgage rate will now start from 4.45 percent with a £1,499 fee, and the five-year equivalent deal will start from 3.94 percent . Both are at 60 percent loan to value. […]

Ongoing tensions in the Red Sea, which are continuing to cause “significant disruption” to shipping routes with Yemen’s Houthi rebels launching regular rocket attacks, have the potential to push up inflation in Britain, financial experts have warned. Tom Pugh, economist at audit and tax specialists RSM UK, was speaking on the latest UK Manufacturing Purchasing […]

Prices may not fall back to where they were before the cost-of-living crisis began despite inflation plunging, warns Bank of England Governor Andrew Bailey. He said that consumer price index inflation has dropped from a high of 11.1% to 4% over the last 14 months, as the effects of global events like Russia’s invasion of […]

The UK inflation rate rose to four percent in December – still double the Bank of England’s inflation target. The rise was driven by higher tobacco duties and sticky services inflation, but it only served to cultivate the impression that high inflation won’t go quickly. And Governor Andrew Bailey said shipping disruptions in the Red […]

This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more Mortgage warning as rates ‘settle’ after ‘significant’ drops in January (Image: Getty) Mortgage rates are now “settling” after the significant drops seen in January, property analysts warn. The Bank of England’s latest decision to hold the […]

Thousands of benefits claimants face seeing their entitlement cut from April 2024 despite the 6.7 percent raise announced in the chancellor’s recent Autumn Statement. Despite the government’s efforts to address the cost of living crisis with a significant benefits increase, the static nature of the benefit cap undermines these efforts The decision to not raise the […]

Tipton and Coseley Building Society has launched a range of new fixed rate ISAs this week, and its two-year deal has earned an “excellent” rating from Moneyfactscompare. ISAs are becoming increasingly popular amongst Britons as an effective tax wrapper while personal savings allowances remain frozen. With an ISA, people can save up to £20,000 a […]

The future of the triple lock as we know it has been called into question as an MP has put forward the idea of tweaking the system to provide a two- or three-year average increase for state pensioners. Nigel Mills MP spoke in the House of Commons about the difficulty that under the current rules, […]

A thinktank has urged the Bank of England to cut interest rates in its decision later today or the economy could stagnate. Experts at the Institute of Economic Affairs have said the base rate should be reduced from 5.25 percent to five percent. The group has warned the Monetary Policy Committee at the central Bank […]

Santander has launched a new credit card offering up to £180 cashback a year and fee-free spending abroad. The Santander Edge credit card, which is exclusively available to any customer who holds a Santander personal current account, is “designed to support and reward” customers with their day-to-day spending. Matt Hall, Santander’s head of cards, said: […]