Latest News from Money Expert

Pound Jumps After Conservatives Win Landslide Election Victory

By Fergus Cole | Published: 13.12.2019

The pound made its biggest jump against the dollar in nearly three years after it was clear the Conservatives had won a big majority in the General Election. Boris Johnson’s Conservative Party won the...

Political Uncertainty Pushing Down House Prices, Says Rics

By Fergus Cole | Published: 12.12.2019

Political uncertainty due to the General Election and Brexit is causing UK house prices to fall, according to the Royal Institution of Chartered Surveyors (Rics). The latest Rics survey, which...

FCA Examining Equity Release and Mortgages for Older Borrowers

By Lauren Smith | Published: 12.12.2019

The Financial Conduct Authority (FCA) is conducting “exploratory works” into the later life lending market, amid concerns older borrowers are being pushed toward lifetime mortgages and other equity...

Payday Lender PiggyBank Collapses

By Lauren Smith | Published: 11.12.2019

Payday lender PiggyBank has collapsed into administration, as the short term credit market continues to be roiled by stricter enforcement from the Financial Conduct Authority.The City watchdog forced...

Make a List and Check Your Insurance T&Cs Twice: Some Common Christmas Gift Hiding Spots Won’t Be Covered

By Lauren Smith | Published: 10.12.2019

As you buy Christmas gifts, you might be tempted to hide them from snoopers and box-shakers until December 25, so as to not ruin the surprise or blow your cover as Santa Claus. But beware of where you...

Household Wealth on the Rise in the UK, But So Is Debt

By Fergus Cole | Published: 06.12.2019

Household wealth in the UK has risen to almost £15 trillion, but household debt is also on the rise, according to the Office for National Statistics (ONS). Recent figures from the ONS revealed that UK...

Banks to Stop Counting Overdrafts as ‘Available Funds’

By Lauren Smith | Published: 05.12.2019

You may have noticed your balance on your banking app or online portal dropped last week, but there’s no need to be alarmed. Banks are simply readjusting how they calculate your ‘available funds,’ to...

HSBC Overdraft Rates to Rise to Nearly 40%

By Fergus Cole | Published: 05.12.2019

HSBC is set to raise its overdraft interest rate charges to 39.9% in March next year, the high street bank has announced. This move from HSBC comes after the Financial Conduct Authority (FCA) imposed...

HSBC and Santander to Refund 115,000 Customers for Overdraft Charges

By Lauren Smith | Published: 03.12.2019

HSBC and Santander will refund more than 115,000 customers who didn’t receive text notifications when they dipped into their unarranged overdraft. Under a legal order from the Competitions and...

First Direct Named UK’s Favourite Current Account Provider

By Fergus Cole | Published: 03.12.2019

First Direct has been ranked as the nation’s best current account provider for customer satisfaction, according to Which?. The consumer watchdog’s latest current account customer satisfaction survey...