Sixty-four per cent of adults in the UK have become reliant on mobile and online banking to manage their finances during lockdown, new research from Yobota has revealed
The past three months have seen the Government borrow more than double its entire borrowing amount for last year, as June marked the third highest month on record for borrowing, new figures have revealed
UK over-55s are expected to borrow £19bn less over the next two years as a result of the COVID-19 pandemic, according to new research from equity release lender, more2life, and economics consultancy, Cebr
The Government has proposed that the FCA should be given powers to regulate adverts and promotions in the cryptocurrency market, following a surge in cryptocurrency buying in the past year
Thirty-seven per cent of UK adults have saved more into a savings account during lockdown than they would have usually, according to Nationwide research
PropertyPal Mortgages has partnered with eKeeper to launch its own mortgage pre-approval software and speed up the initial stages of its mortgage application process
Consumer price inflation increased to a 12-month rate of 0.6% in June, up from 0.5% in May, according to the latest Consumer Prices Index (CPI) from the Office for National Statistics (ONS)
The value of UK credit card transactions dropped to £8.7bn in April, half the value compared to April 2019, new UK Finance data has revealed.
The banking body stated that in the first full month of lockdown measures, the number of credit card transactions by UK cardholders also saw a sharp fall of 45.9% to 163 million, the lowest level in over nine years
The number of mortgage approvals for house purchase slumped to 9,300 in May, almost 90% below February’s level and around a third of their trough during the financial crisis in 2008, new Bank of England (BoE) data has revealed
Seventy-six per cent of all ISAs subscribed to during the year up to April 2019 were cash ISAs, a figure up from 70% a year earlier, new data published by HMRC has revealed
There were 1,023,000 interest-only homeowner mortgages outstanding at the end of 2019, a figure 8.9% fewer than in 2018, new data published by UK Finance has revealed
Castle Trust has announced it is rebranding and will now operate as ‘Castle Trust Bank’ following the receipt of a full banking licence and the conversion of all its existing investments into savings accounts