Number of cash payments rises for first time in a decade The number of payments made using physical cash increased by 7% last year, according to UK Finance. The Independent UK · Sep 13, 2023
Almost half of young adults contacted by impersonation scammer – survey Young people were confident they could spot a scam but only 27% said they always take steps to check if an organisation can be trusted. The Independent UK · Sep 6, 2023
Record 88% of homeowner remortgage deals in April were with existing lender Affordability constraints have affected some external remortgaging activity, with internal product transfers being more popular, UK Finance said. The Independent UK · Aug 29, 2023
What is money muling and why is it vital parents warn their children about the dangers? All families need to be aware of money muling and the warning signs to look out for. By Vicky Shaw. The Independent UK · Aug 18, 2023
Jump in homeowners and landlords falling into arrears on mortgages Mortgages in arrears accounted for 0.93% of all homeowner mortgages outstanding and 0.44% of all buy-to-let mortgages in the second quarter of 2023. The Independent UK · Aug 10, 2023
Bank of England rate hike adds £24 a month onto average tracker mortgage payment Mortgage holders on tracker deals face nearly £24 per month being added to their payments, on average, following the latest Bank of England base… The National (Scotland) · Aug 3, 2023
Interest rate hike adds £24 a month on to average tracker mortgage payment The 0.25 percentage point rise will add on £23.71 on average to monthly tracker payments, adding up to nearly £285 per year. The Independent UK · Aug 3, 2023
New campaign urges struggling mortgage borrowers to ‘reach out’ for help early The Reach Out campaign has been launched by UK Finance. The Independent UK · Jul 31, 2023
Blink and you’ll miss it: Why are some mortgage deals disappearing so quickly? With the average ‘shelf-life’ of a mortgage dwindling, some borrowers say they’re missing out. By Vicky Shaw. The Independent UK · Jul 21, 2023
Banks should be clearer on how customers can challenge account closures – Which? The consumer group has offered some suggestions on what banking customers can do if they find their bank account has been closed. The Independent UK · Jul 14, 2023
UK’s biggest mortgage lenders in 2022 ranked Lloyds Banking Group has held its position as the UK’s biggest mortgage lender but some providers moved up or down the tables. The Independent UK · Jul 13, 2023
‘Fifth of suspected money mule cases involve under-21s’ People under the age of 21 account for 23% of cases with intelligence indicative of money mule behaviour on the Cifas national fraud database. The Independent UK · Jul 11, 2023
Scam expert reveals three 'triggers' which mean you should hang up on callers People often wonder how to tell quickly that a call they receive is a con rather than a legitimate inquiry Wales Online · Jul 10, 2023
'I'm a tech expert - hang up immediately if you hear these three phrases in a cold call' Dr Klaus Schenk, head of product security at the software company Verimatrix, gave some advice on the "warning signs" that should indicate when something is wrong on a cold call Daily Mirror · Jul 10, 2023
The Independent UK · Jul 6, 2023 Banks recognise savers need more help accessing best rates, says City regulator The Financial Conduct Authority said it had held a ‘constructive’ meeting with savings providers.
Daily Mirror · Jun 27, 2023 The new Mortgage Charter: What is it and which lenders have signed up? Lenders representing 85% of the mortgage market have signed up to the new charter to support customers after interest rates were raised to 5% last week
Daily Record · Jun 23, 2023 How Bank of England base rate rise to 5% could impact people with all types of mortgage Chancellor Jeremy Hunt and major banks agreed measures on Friday to help ease the pain of rising rates.
The Independent UK · Jun 23, 2023 What can you do if you’re worried about paying your mortgage or rent? Whether a mortgage deal is ending soon, or you’re concerned about keeping up with existing payments, options are available. By Vicky Shaw.
Wales Online · Jun 22, 2023 Exactly what the interest rate hike means for you - and what you need to do Some will see an immediate bill hike of almost £50, others will have to wait a while for it to take effect
The Independent UK · Jun 22, 2023 What does the Bank of England base rate hike mean for homeowners? The Bank of England base rate now stands at 5% after a 0.5 percentage point hike on Thursday.
The Independent UK · Jun 22, 2023 Mortgage lenders ‘ready to support customers’ as rates jump again Taking all 13 base rate rises into account, the average monthly tracker mortgage payment will have increased by £464.79, according to UK Finance.
The Independent UK · Jun 21, 2023 Rishi Sunak warned of ‘serious shock’ for mortgage holders as Bank of England poised to raise interest rates Experts warn 1.4m homeowners will see a fifth of their disposable income wiped out by soaring mortgage rates
The Independent UK · Jun 20, 2023 Mortgage lenders ‘stand ready’ to help borrowers struggling with payments Lenders urged those who are worried about their payments to get in touch.
The Independent UK · Jun 19, 2023 71% fall in number of interest-only mortgages outstanding since 2012 The stock of outstanding interest-only mortgages fell by 8% in 2022, compared with the end of 2021, UK Finance said.
The Guardian - UK · Jun 17, 2023 UK homeowners face huge rise in payments when fixed-rate mortgages expire More than 2.4m deals are ending in 2024, raising fears of financial timebomb