CashNews.co Published : 11 hours agoon 08/11/2024 Tom Gaffney Tom Gaffney, cybersecurity expert at F-Secureshares thoughts on what financial organisations can do as UK banks must refund fraud victims up to £85,000 under new rules. This month, in a world first, bank refunds for fraud became mandatory after the Payment Systems Regulator (PSR) reduced the […]
CashNews.co UK State Pensioners might be able to claim extra financial support this bone-chilling winter. As recent slashes to Winter Fuel Payment narrow down the number of elderly people who qualify for additional help with their heating expenses, there are still several benefits and steps that could substantially raise the income of those eligible. This […]
CashNews.co The mortgage lending market watched as the Bank of England (BoE) reduced interest rates to 4.75% on Thursday, with Threadneedle Street’s Monetary Policy Committee (MPC) voting by a majority of 8–1 to reduce interest rates by 0.25 percentage points. This rate is used by the central bank to charge other banks and lenders when […]
CashNews.co “CPI could tick up in the coming months, potentially resulting in a slower pace of base rate cuts than previously predicted.”– Tim Parkes, CEO of RAW Capital Partners The Bank of England’s Monetary Policy Committee has voted 8–1 to reduce Bank Rate from 5% to 4.75%. One member preferred to maintain Bank […]
CashNews.co Some 990 homeowner properties were repossessed in the third quarter – a 1% increase compared with the second quarter of this year, according to figures from UK Finance. Meanwhile, 710 homes with mortgages taken out by landlords in the buy-to-let sector were repossessed in the third quarter, marking a 73% annual increase. The total […]
CashNews.co This follows its decision to cut rates in August, when the BoE’s monetary policy committee (MPC) also delivered the smallest possible cut of 0.25%. This is like wading through mud. Consumer price inflation collapsed to 1.70% in September, comfortably below the BoE’s target rate of 2%. Given today’s low inflation and low growth, the […]
CashNews.co Under 4%-deals hitting the market were expected to spark another mortgage war among big lenders but mortgage brokers warn that actually, more rises are on the way. The average two-year fixed mortgage rate is now 5.4%, according to data from Moneyfacts, while a five-year deal has an average rate of 5.11%. The Bank of […]
CashNews.co Savers will see the force of further Bank of England base rate cuts on their hard-earned cash, comparison site Moneyfactscompare has warned. According to its analysis, average rates across easy access and notice accounts have fallen since the start of August 2024 after providers made cuts in the aftermath of the Bank of England […]
CashNews.co About Philip Whiterow Philip has more than 20 years’ experience writing about companies, general finance and investing matters for a variety of publications. His career has involved spells at the Investors Chronicle, where he was small companies and companies editor, Investors Week and most recently as editor of online financial news wire Sharecast. He […]
CashNews.co Last month Nationwide published a report looking at the role of low-cost finance in supporting energy-efficient improvements for homes in the UK. The report drew on learnings the Society has taken from its 0% green additional borrowing product – an interest-free loan that is available to their mortgage borrowers who are carrying out improvements […]