Latest News from Money Expert

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...

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...

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...

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%...

Cornwall Insights have warned that the price cap could rise even further than previously thought when it is next adjusted in October.The energy consultancy firm had recently projected that bills would...

Lloyds UK has reported a 30% jump in the number of its customers seeking debt advice so far this year.The bank, which is the UK’s second-largest with 26million customers, also revealed that 80% of...

A new type of battery made from sand could provide a cheap way to warm homes with renewable energy.In a world-first, researchers from Finland recently developed a sand battery prototype which can...