Latest News from Money Expert

The government-backed National Savings and Investment (NS&I) has increased interest rates across its range of savings products, giving a boost to more than 1.3 million savers.From Thursday, 21...

A new regular savings account from Yorkshire Building Society will allow savers to earn a market-leading 5% interest on deposits of up to £500 per month. But only existing customers can open the...

A plan mooted by Number 10 for 50-year mortgages could mean the average homeowner—and their heirs—pay nearly half a million pounds in interest alone, an estate agent is warning.Earlier this month,...

Homeowners who claim they weren't allowed to switch to cheaper deals after TSB took over their mortgages have launched legal action against the lender. If the High Court decides in their favour,...

Following a review, Ofgem has urged energy providers to take action and improve their direct debiting processes.While most of the providers were found to have some failings, the regulator named five...

First Direct has become the latest lender to allow anxious homeowners and buyers to lock in mortgage payments for a decade and dodge coming interest rate hikes.The internet-only bank has launched a...

Santander will extend its mortgage offers by one month as it processes a “high volume of applications.”Mortgage offers from the lender typically last six months. Temporarily, they will last seven...

Savers migrating money into new Chase accounts are urged not to use CHAPS transfers as the bank doesn’t accept that form of payment, and the money could be left in limbo.In a case reported by The...

A motorist happy to spend £270,000 on a Lamborghini Aventador didn’t manage to pay a few thousand more for car insurance and has consequently had the vehicle confiscated by police.Thames Valley Police...

Homeowners whose two-year fixed-rate mortgages lapse in September of 2023 should expect to pay an average of £163 per month more when they refinance.The analysis from Capital Economics assumes a 75%...