By Jessica Clark Updated: 22:21 GMT, 20 December 2023 Britons will owe billions of pounds in the new year after using buy now, pay later (BNPL) to fund Christmas. Analysts estimate that shoppers will spend almost £4billion with BNPL lenders over the festive season, which would be 8.8 per cent more than last year. It … Read more
Energy regulator Ofgem has plans to put gas and electricity bills up even further The planned rise would pay suppliers for the cost of all unpaid energy bills By Sam Barker Updated: 12:11 GMT, 15 December 2023 Households face paying higher energy bills next year to help protect energy firms against soaring consumer debt. Energy … Read more
By City & Finance Reporter Updated: 21:51 GMT, 15 December 2023 Sales at H&M have tumbled as demand for fast fashion wobbles. Sales at the world’s second largest fashion retailer dipped 4 per cent to £4.8billion over the three months to November 30 compared to last year. The update comes as shoppers have fallen out … Read more
By Adele Cooke and John-Paul Ford Rojas Updated: 08:53 GMT, 15 December 2023 Homeowners can look forward to fixed-rate loans falling below 4 per cent within weeks amid a mortgage price war, experts said yesterday. TSB has slashed the cost of its home loans by up to 0.35 percentage points from today. The move follows … Read more
More savers have to pay tax on their interest as savings rates rise – but the good news is that a technique called ‘paying away’ can help slash these bills. In 2023, 37 per cent of savers made enough interest on their savings to breach their Personal Savings Allowance (PSA), research from Paragon Bank reveals. … Read more
By David Hollingworth For This Is Money Updated: 12:29 GMT, 12 December 2023 My ex-partner and I bought a house together nearly 20 years ago, we were never married. The mortgage is in both our names. Over the years, I have asked my ex-partner to either sell the house and buy one in her own … Read more
Mandatory measures will replace voluntary scheme for fraud victims They relate to victims of Authorised Push Payment scams This is where customers are tricked into sending money to criminals By Patrick Tooher Updated: 12:43 GMT, 10 December 2023 Fighting back: Scams typically involve a person who is duped into making an online payment to crooks … Read more
Nationwide has reduced its mortgage rates once again, bringing the cheapest deal on the market down to 4.29 per cent. Britain’s biggest building society has today sent ripples across the mortgage market after it announced its eleventh consecutive round of rate cuts in four months. It means the best rates available are now almost 1 per … Read more
By Lucy Evans Updated: 22:01 GMT, 7 December 2023 Delivery service Evri has been crowned the most disliked parcel firm in Britain, with the highest proportion of dissatisfied customers, according to regulator Ofcom. Nearly half of those who contacted Evri with an issue said they were unhappy with the complaints process, in a major survey … Read more
By Calum Muirhead Updated: 10:58 GMT, 3 December 2023 One of Switzerland’s oldest private banks is to invest up to £200 million in British firms in a vote of confidence in the UK. Geneva-based Pictet is understood to be looking at companies in education and IT, as well as sectors such as facilities management – … Read more
By This Is Money Updated: 13:22 GMT, 23 November 2023 The Autumn Statement saw Jeremy Hunt deliver a 2p cut to National Insurance as he outlined his plan for growth. But it wasn’t long before it was pointed out that a continuing stealth tax raid and the downbeat projections of the Office for Budget Responsibility … Read more
I own a couple of buy-to-lets that I want to sell. The fixed rate mortgages are coming up for renewal next year and, if interest rates remain roughly where they are, my costs will balloon and I’ll be making losses on both. One of the tenancies is due for renewal in April next year, while … Read more
Millions of drivers are wasting hundreds of pounds in fuel a year simply by not inflating their vehicle’s tyres correctly, according to a new study. Mechanics at a garage in Wales checked the pressures of 100 vehicles in for a service over the period of one month and found that 72 per cent had tyres … Read more