Mortgage rates are dropping — could they ‘continue to edge downwards’? November 6, 2023 A managing partner at Knight Frank Finance said the below five per cent mortgage rates would help improve property market sentiment
Triple lock: Pensioners could be set for inflation-busting state pension rise next April October 18, 2023 Under the triple lock, the state pension usually rises each April by inflation, wages or 2.5 per cent – whichever is higher.
Why mortgage rates are still heading down despite rising bond yields October 11, 2023 Mortgage rates have continued falling in the UK even as yields on government bonds have increased.
Most UK adults experiencing ‘retirement anxiety’ as inflation forces savings raid September 13, 2023 The majority of UK adults are anxious about retiring, a new survey out today shows, as Brits are forced to raid their savings to make ends meet as the cost of living soars.
Klarna closes losses and touches monthly profit as cost-cutting drive bears fruit August 31, 2023 Buy-now pay-later giant Klarna has slashed its losses and touched profitability for the first time this year after rolling out a hefty cost-cutting programme and driving down the amount of customers defaulting on payments. In its half year report today, Klarna revealed it had closed its losses to SEK 2.115bn (£153m) from SEK 6.37bn last [...]
Arrears continue to rise as higher rates pour pain onto borrowers August 10, 2023 Arrears continued rising in the second quarter as customers struggled with soaring repayment costs, new data shows. According to figures from industry body UK Finance, there were 81,900 homeowner mortgages in arrears of more than 2.5 per cent in the second quarter, seven per cent more than the previous quarter. Within this, 30,940 mortgages were [...]
NS&I: Premium Bonds odds set to improve to best level in more than 15 years August 8, 2023 Premium Bonds odds will improve to the best level seen in more than 15 years from September, savings giant NS&I (National Savings and Investments) has announced. The odds will improve to 21,000 to one, from 22,000 to one previously – their best level since the April 2008 prize draw. NS&I estimates that there will be [...]
Number of ‘Isa millionaires’ surges to more than 4,000 – triple from pre pandemic August 1, 2023 The number of “Isa millionaires” has surged to more than 4,000, according to HM Revenue & Customs (HMRC) figures. Some 4,070 savers were sitting on Isa pots worth more than £1 million, as of April 2021, according to the data, obtained following a freedom of information (FOI) request on behalf of financial services network the [...]
Smart Pension snaps up £750m peer as government calls for consolidation grow July 17, 2023 Top workplace pension firm Smart Pension has snapped up a peer with some £750m under management as pressure from the government grows for faster consolidation in the sector.
Mortgage rates climb to 15-year high following surprisingly strong wage growth July 11, 2023 The typical rate available on a two-year fixed mortgage has climbed to a 15-year high, surpassing the levels seen last Autumn in the wake of the disastrous mini-budget. According to Moneyfacts, the average two-year fixed residential mortgage rate hit 6.66 per cent, marginally higher than the 6.65 per cent seen last October. This was the [...]