Latest News from Money Expert

The pound continued to fall today to hit a 28-month low against the dollar due to the growing threat of a no-deal Brexit. Sterling fell to below 1.09 Euros early on Tuesday, while it also fell to just...

Nationwide will hike the interest rates on overdrafts, in response to new regulation intended to simplify overdraft charging structures for consumers. From November, the nation’s largest building...

Property sales plummeted to a six-year low in June, as buyers and sellers, wary of Brexit turmoil, put plans on hold. Property transactions were down 16.5% from the previous year, as just 84,490 homes...

The Financial Conduct Authority (FCA) has urged the government to loosen regulation on credit unions so they can be an alternative to payday lenders for vulnerable consumers. The financial regulator...

Boris Johnson is the new Prime Minister after winning a decisive victory over Jeremy Hunt in the Tory leadership election. During his campaign, Johnson made various pledges with regards to personal...

The number of mortgages issued with 40-year terms soared last year by more than 20-fold, according to data obtained by estate agent Ludlow Thompson. A Freedom of Information Act (FOIA) request,...

Annual domestic water bills in England and Wales must fall by an average of £50 over the next five years, under plans imposed on the industry by regulator Ofwat. Meanwhile, water companies will be...

There are more highly leveraged mortgages—those with high loan to value (LTV) ratios—being issued than at any time since before the financial crisis. Data from the Bank of England, released last week,...

The Financial Conduct Authority (FCA) is consulting on new rules that could require insurance firms to direct applicants with more serious medical conditions to specialist providers, which can offer...

The cost of car insurance is set to climb, as the government tweaks rules on how much insurers must pay the victims of serious crashes. The Ministry of Justice has announced that the Ogden rate or...