Independent - Money

Ministers consider extra-long term mortgages to tackle housing crisis

Fri, 01 Jul 2022 23:30:27 +0200

Experts were sceptical about the impact the proposal would have in the UK.

Disposable income hit for homeowners with fixed mortgage deals about to expire

Fri, 01 Jul 2022 15:48:07 +0200

High inflation and rising interest rates will add to the pressures on mortgage borrowers.

Savings squeeze as less money is deposited into accounts in May than in April

Fri, 01 Jul 2022 11:47:32 +0200

One expert said the average savings figures ‘hide a split nation’, with some households turning to debt to settle their bills.

Average length of time to sell a home increases slightly

Fri, 01 Jul 2022 01:01:00 +0200

Zoopla said the South West of England is the fastest-moving market, reflecting high levels of demand during the coronavirus pandemic.

Jump in people paying higher rates of tax

Thu, 30 Jun 2022 13:07:09 +0200

There are a projected 5.5 million higher rate income taxpayers in 2022/23, marking a 43.9% increase compared with 2019/20, HMRC said.

Average UK house price hits new record high but there are ‘signs of a slowdown’

Thu, 30 Jun 2022 08:53:47 +0200

The housing market has retained a surprising amount of momentum given the mounting pressure on household budgets, Nationwide Building Society said.

APP fraud losses jumped by 39% annually in 2021, says UK Finance

Wed, 29 Jun 2022 10:30:02 +0200

Some £583.2 million was stolen through authorised push payment fraud last year, UK Finance said.

Government to publish White Paper on gambling reform in coming weeks

Wed, 29 Jun 2022 05:11:45 +0200

Moves to stop gambling companies from shirt sponsorship were set to be rejected.

Three in four people ‘taking action to cope with financial pressures’

Wed, 29 Jun 2022 01:02:00 +0200

Nearly a quarter have already been forced to dip into their savings

Biggest test of workplace pension savings drive yet to come, say experts

Tue, 28 Jun 2022 15:14:22 +0200

There is a real risk that employees could stop their pension contributions, as they make stressed financial decisions, experts have said.

Biggest test of workplace pension savings drive is yet to come, say experts

Tue, 28 Jun 2022 14:22:51 +0200

There is a real risk that employees could stop their pension contributions, as they make stressed financial decisions, experts have said.

‘Worrying rise’ in crypto scams claiming to be celebrity-endorsed seen by bank

Tue, 28 Jun 2022 10:55:01 +0200

People are losing £11,872 on average to this type of scam, Santander UK said.

‘Personal loan and credit card rates on the rise’

Mon, 27 Jun 2022 12:32:47 +0200

But in some better news for credit card borrowers, the average length of 0% balance transfer deals has increased, according to Moneyfacts.co.uk.

Wedding guests ‘thinking creatively’ about ways to save on costs

Sun, 26 Jun 2022 08:00:38 +0200

Nearly a quarter of people surveyed said they could not afford to accept all of their wedding invitations.

Sun, sea and spend: Holidaymakers expect to increase resort budgets this year

Sat, 25 Jun 2022 01:01:00 +0200

Among those likely to go abroad this year, 54% are planning to increase their budget for resort spending, Post Office Travel Money said.

Households spending more on holidays, clothes and gardening, says Nationwide

Fri, 24 Jun 2022 12:36:30 +0200

There are also signs that people are using credit cards more to pay for goods and services amid rising living costs, the Society said.

Self-build homes scheme in England will open for applications soon

Fri, 24 Jun 2022 12:05:16 +0200

The scheme could help people with specific living requirements, creating homes that are tailored to their needs.

Gap between tax expected and paid at £32bn in 2020/21 – HMRC

Thu, 23 Jun 2022 13:28:52 +0200

The total tax due to be paid fell from £672 billion in 2019/20 to £635 billion in 2020/21, due to the economic impact of Covid-19, HMRC said.

Should I put my financial investments in one place?

Thu, 23 Jun 2022 10:09:46 +0200

From pensions to ISAs, it can be difficult to keep track of different investments, or get a complete picture of your finances. But should you consolidate them? Here Nutmeg savings and investment specialist Kat Mann explores the pros and cons so you can manage your wealth more efficiently

Woman, 66, told she ‘doesn’t qualify’ for state pension due to National Insurance loophole

Thu, 23 Jun 2022 07:14:26 +0200

Mother missed out on National Insurance payments while raising five children