The number of mortgages obtained by first-time buyers is down nearly one quarter so far this year compared with 2022, according to data from trade body UK Finance. In a bid to help increase this number, the Government is said to be considering introducing a scheme that would allow first-time buyers to get on the […]
An investment bank boss had called for more pensions invesments in growing UK companies to boost the economy and deliver better returns for retired Britons. Stephen Welton, chairman of the British Business Bank, said there is huge potential for more retirement savings to be invested in British businesses, as the UK has the second largest […]
Premium Bonds savers have been warned their Bonds may be illegal for them to hold depending on where they live. Some parts of the world have strict gambling laws meaning a person holding Premium Bonds may not be able to take part in the monthly prize draw. Sarah Coles, head of Personal Finance at Hargreaves Lansdown, encouraged […]
Britons can save billions due to a new law that will scrap hidden fees on online purchases. The new law encourages retailers to be clear and transparent with their prices, with no hidden costs. Fake reviews will also be banned and firms will have to be clearer with price labels on supermarket shelves. The change […]
A woman from Cornwall is paying hundreds of pounds more per month on heating after having a heat pump installed at her property. Jane, 57, purchased her 200-year-old home in 2019 and, being based in a rural location with no access to mains gas, had limited options to heat her home. Jane opted for a heat […]
Martin Lewis has issued a clarion call for people to apply for backdated Bereavement Support Payment as people have only two weeks to claim the help. The deadline to apply for the funds is February 8, and people can get up to £40,000 through the potentially “life-changing” scheme. Mr Lewis wrote about the scheme in […]
More than 56 percent of low-income households reported not having enough money for either food or heating their home last year, research shows. Research from the Joseph Rowntree Foundation highlighted the crippling effects that high energy and food prices had on those on low incomes. Around £19billionn in benefits is going unclaimed – because people […]
Millions of people will receive another instalment of the DWP’s Cost of Living Payment in just a matter of weeks. The next instalment, which will be worth £299, is due to be distributed between February 6 and February 22 for most people. This will mark the third and final payment totalling up to £900 for […]
Nationwide Building Society has cut selected mortgage rates by up to 0.81 percent from today. The changes mean Nationwide’s rates now start at 3.84 percent – its lowest level in eight months. Henry Jordan, director of home at Nationwide Building Society, commented: “As one of the largest lenders in the country, we remain as committed […]
As household bills remain high, experts have shared the costs of household appliances so individuals are more aware of what they are spending. Having knowledge of how much one is spending can help them make small adjustments which can help make huge savings over the year. As of January 1 2024, families up and down […]
