Average mortgage rates are falling by the week, new data from Uswitch shows. Kellie Steed, Uswitch mortgage expert, commented: “News of mortgage rate cuts continues this week, with Barclays announcing reductions of up to 0.5 percent on some of its fixed-rate products. “This comes more than a week in advance of the first Bank of […]
ScottishPower has launched a fixed energy tariff offering a rate that’s £129 below Ofgem’s current price cap. The tariff, Help Beat Cancer Flexi, which is fixed until April 2025, has an average bill value of £1,799, based on a typical dual fuel direct debit customer on Ofgem’s average consumption. Ofgem’s current price cap increased by five […]
An expat trying to buy Premium Bonds was left bewildered after he struggled to complete the purchase using the NS&I website. The customer had moved to Germany but still had an English bank account and home address. He contacted provider NS&I over X to ask what the process would be for him to purchase more […]
Having the cheapest mortgage rates and a smooth process is more important to borrowers than using a lender that they are familiar with, new research shows. In a survey of 704 brokers carried out by MPowered Mortgages, 468 brokers said that ‘finding the best rates’ was the most important thing to their clients, while a […]
As HM Revenue and Customs (HMRC) receipts continue to rise, Britons are warned about a common misconception that could lead them to overpay the tax man. The Treasury raked in £400 million more than the same period the previous year, between April and December 2023. Although one in every 25 estates pays inheritance tax, Britons are […]
Fundsmith Equity, managed by star fund manager Terry Smith, grew to £28billion after smashing the market since launch in 2010, but has underperformed over the last three years. Another hugely popular fund, the Scottish Mortgage Investment Trust, managed by Tom Slater, crashed by half in 2022, and has struggled to recover since. Completing a disappointing […]
Yesterday, we discovered that the energy cap will drop by £300 from April, from £1,928 a year to £1,620 for a dual-fuel contract paid by direct debit. It will be followed by another drop of more than £120 when the energy cap is revised downwards again in July. Combined, these two reductions will knock more […]
Pension savers are urged to take advantage of tax relief that could add an extra £180,000 into their pension pot before April 5. The end of the tax year signals the expiry of various allowances and exemptions like those for Individual Savings Accounts and capital gains tax, but possibly the most crucial for many earners […]
Martin Lewis has shared three key rules for the millions of homeowners with cheap fixed rate mortgages coming to an end this year. The Money Saving Expert founder took to his Money Show tonight to discuss mortgages, house prices, rents and interest rates, and worried audience members had questions regarding their current deals. To help, […]
NS&I has responded to a Premium Bonds customer who requested that the number of holder’s numbers a person can store. An X user asked if the limit for how many holder’s numbers that one customer can store could be increased from 10 to 20. The savings giant said in response: “Currently, there aren’t plans to […]
