First-time buyer lending appears healthy, according to the Council of Mortgage Lenders (CML), which has described the mortgage market as “resilient and adaptable”.
Research from the organisation found that first-time buyers borrowed a total of £5.1 billion across 32,000 loans de…
Continue reading the "CML: First-time buyer lending “healthy”" »
Up to £1.2 billion could be sitting untouched in unused current accounts throughout the UK.
Over a third of Brits (37 per cent) have multiple accounts, but half of these people only use one of them on a day-to-day basis, according to a survey of 2,099 people in December published by Compare…
Continue reading the "Average of £141 sat in unused “zombie” current accounts" »
Around £1.5 billion a year could be being wasted by broadband users who don’t move to a new provider or sign up to a new deal, according to uSwitch.com.
Since 2011, out-of-contract broadband prices have increased by 38 per cent for copper connections and 19 per cent for fibre connecti…
Continue reading the "Expired broadband contracts waste £105 a year" »
Financial fraud and cybercrime is a growing problem in the UK, but a new report has revealed that many people are complacent when it comes to online security.
Of the 2,000 randomly selected British adults surveyed by Gocompare.com, more than a tenth of them (12 per cent) had fallen victim to fina…
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UK homeowners could save £49 a month on average by remortgaging their property, according to a report from TSB.
Spread across a two-year fixed term mortgage on a £100,000 property, this adds up to a saving of £2,300, the bank added.
Of the 2,000 British homeowners surveyed by…
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Household bills rose by almost ten per cent over the course of 2016, according to new analysis from Comparethemarket.com.
Following a £180 drop in 2015, average energy and insurance costs shot up from £2,032 to £2,223, according to the price comparison website.
This marked a …
Continue reading the "Household bills hit record levels in 2016" »
The amount of unsecured consumer credit, such as credit cards, car loans and second mortgages, grew at its fastest rate since 2005 in the year to November.
According to figures from the Bank of England, a credit boom saw unsecured consumer credit increase by 10.8 per cent to £192.2 billion,…
Continue reading the "Alarm bells ring as unsecured consumer credit snowballs in 2016" »
If you felt that you overspent more than you overate during Christmas, then you’re in the majority because 85 per cent of Brits kicked off 2017 with at least some credit card debt, new research has revealed.
Brits had an average of £636 on their credit card as they entered the new yea…
Continue reading the "Half of Brits will still be paying for Christmas 2016 one year on" »
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