Net borrowing of mortgage debt by individuals has increased for the third consecutive month, rising to £200m in July compared to £100m in June, the Bank of England’s (BoE) money and credit report has found
Three in 10 UK homeowners (30%) approaching the end of their fixed mortgage deals are taking extra work to boost their savings ahead of repayment rises, according to new research by Indeed Flex
More than half (52%) of prospective homebuyers believe the current economic climate has impacted who they plan on buying a property with, and with who they might have to share their property
Fintech firm, Zorrz Finance, has partnered with Swedish fintech, Sileon, in a move to enable more consumers to access Buy Now, Pay Later (BNPL) solutions
A new issue of National Savings and Investments’ (NS&I’s) green savings bonds has been released, paying a 5.70% gross fixed rate over a three-year term
Recent survey data has shown that firms operating in emerging financial sectors show a concerning lack of commitment to screening new customers against sanctions or politically exposed persons (PEP) lists
Homeowners on a standard variable rate (SVR) mortgage could save up to £257 a month by switching to a fixed rate repayment mortgage deal, the equivalent of £3,084 a year, Compare the Market analysis has found
The vast majority of people and businesses are set to be no further than three miles from withdrawing cash under a new framework set out by the Treasury
A single pensioner would have to accumulate £50,000 in addition to their state pension for a minimum standard of living, Standard Life analysis has found
LiveMore has called on lenders and intermediaries to take note of the vulnerability aspect of the new Consumer Duty rules, as data shows a rise in mortgage arrears and non-payment of bills
Savers who avoided cash ISAs to chase the best interest rates could now be left with unwanted tax bills that wipe out the extra interest they’ve earned, calculations by investment platform AJ Bell have shown
More than half of firms in emerging finance sectors do not always check who is running the businesses they take on as new clients, SmartSearch has found
Nearly half (46%) of financial advisers have reported that their clients are withdrawing funds to cover essential bills and address immediate income shortfalls, Standard Life has found