Latest News from Money Expert

New figures show that average rent prices in the private-sector hit a record high of £700 per month in England just before the country went into lockdown.According to the latest data from the Office...

The Association of British Insurers (ABI) has reassured the British Medical Association (BMA) that doctors and other healthcare workers will be treated the same as other workers when applying for life...

The Post Office has resumed selling travel insurance, with some cover for coronavirus—but only for trips in the future, after the government’s advice not to travel is lifted.The Post Office suspended...

Nationwide Building Society will triple the minimum deposit required for first-time buyers, over fears an erosion of house prices could leave homeowners in negative equity.Nationwide, the UK’s...

Coronavirus uncertainties have eroded savings rates to their lowest level on record, leaving savers few places to stash their money.The average interest rate on easy access savings accounts dipped to...

A leading economic forecaster has predicted that the UK economy will shrink by 8% this year, and will take until 2023 to recover from the damage caused by the coronavirus pandemic.The latest official...

Credit card providers are hiking interest rates over fears the coronavirus crisis will push more customers to default on payments.According to data from Moneyfacts, the average APR on credit cards now...

The City watchdog has fined Lloyds Banking Group £64 million for mistreating thousands of mortgage borrowers who were in arrears.The Financial Conduct Authority (FCA) says the bank and its...

Tap-and-pay transactions have increased 44% since the coronavirus lockdown began on 23 March, as customers shunned cash and chip and pin machines.Customer data from Nationwide Building Society reveals...

The majority of Brits over the age of 55 haven’t switched broadband provider during the last year, according to Zen Internet.Recent figures released by the broadband provider revealed that 83% of...