Latest News from Money Expert

Following the Bank of England’s decision to increase interest rates last week, banks have instantly raised rates for homeowners holding mortgages and customers with loans. However, in a move that has...

This Thursday, the Bank of England decided to raise the base interest rate from 0.5% to 0.75%. The hike will put the rate at its highest level since March 2009 and is only the second increase its seen...

The Bank of England (BoE) has raised the base rate to 0.75% - its highest level since 2009. Mark Carney, governor of the BoE said that there can be more “gradual rate increases to be expected in the...

A recent report from the Financial Conduct Authority (FCA) has prompted 59 lenders to offer better value deals to those on high interest loans. The news is reminiscent of the recent move from energy...

The most recent quarterly results from Lloyds Bank show that the bank is still paying out large sums in PPI compensation. The figures show that the banking group set aside £550m for the first six...

This July has seen annual house price growth increase to 2.5%, up from 2.0% in June, according to the Nationwide House Price Index. This index tracks representative house prices over time rather than...

  Largely thanks to a stagnant city property market, Foxtons has reported a £2.5 million loss in the first half of 2018. The London-focused estate agent chain has experienced a plunge in profits since...

Banks could be forced to offer customers interest rates above a set minimum on easy access savings accounts, under proposals from the Financial Conduct Authority (FCA). The regulator voiced concerns...

No matter how well we financially plan and save, it’s often necessary to borrow money: to make a large purchase such as a car, to deal with emergencies, to simply tide you over until your next payday....

Clydesdale Bank has announced that it will offer a new range of mortgages aimed at young professionals, lending up to 5.5x the borrower’s salary. The new mortgage is available to professionals with...