Latest News from Money Expert

Two major banks have restricted the amount they will lend to homebuyers, further limiting options for mortgage seekers.Barclays has quietly capped the amount it will lend in mortgages to 4.49 times...

The government has confirmed that the minimum age from drawing a personal pension will rise to 57 in 2028.People who pay into a pension can currently access their funds at 55, whether they pay-in...

HSBC has become the latest bank to curb highly-leveraged lending, amid economic uncertainty and a flood of applications.While the bank has not pulled its 90% loan-to-value (LTV) mortgages from the...

Britons made nearly half as many car insurance claims as usual between April and June of this year, as coronavirus lockdown measures slashed commuting and kept cars in garages.Motorists made 324,000...

Child Poverty Action Group (CPAG) has urged the government to make a significant increase to child benefit payments. The call comes after research discovered that a growing number of households are...

Digital bank Monzo is introducing new charges from October, but only for the minority of customers who use the service “more as a spending app than a bank.”From 31 October 2020, some Monzo customers...

Low-income Britons deposited a record £32.1 million into Help to Save accounts in the six months to July and will earn government top-ups on their savings.Help to Save accounts reward savers with a...

Consumers have lodged 3,500 complaints related to coronavirus with the Financial Ombudsman Service (FOS) this year, nearly a quarter (23%) of them about travel insurance.As countries sealed their...

The Financial Conduct Authority (FCA) has said lenders should consider a range of support mechanisms, including waiving or reducing payments, for struggling homeowners once mortgage payment holidays...

Britons looking to consolidate their debt on one credit card will struggle to find a deal after the number of interest-free balance transfer cards on the market fell to a record low.With relief on...