Spending on PlayStation more than doubled in March, while local convenience stores such as Nisa and Costcutter recorded a surge in sales, according to the online bank Revolut. But JD Wetherspoon, the pubs chain, was among the biggest losers in the UK. Revolut’s...
The government has been warned it could be forced to abandon targets for ending low pay in Britain by raising the legal minimum wage, as the economic costs of Covid-19 mount. The Low Pay Commission, the independent body which advises ministers on legal wage floors,...
To remortgage or not to remortgage: working out if it’s worth it. The sheer number of mortgages available in the market can be quite bewildering. Perhaps that’s why many people chose to stick with their existing mortgage for the full term of their loan. However, there...
The lender aims to transform the UK mortgage market and has partnered with a number of high profile financial institutions who will supply the debt capital. The business aims to work exclusively through mortgage brokers to offer a range of competitive products. M:QUBE...
The North of England is to receive £30 million of investment to advance the construction of greener housing, the Housing Minister has announced. The £30 million is being directed into Yorkshire, which forms part of the so-called ‘Construction Corridor’, to boost...
Tenants in the private rented sector in England are receiving on average £320 deposit refund because of new tenancy legislation, new figures show. Those renting across England are reaping the benefits of the Tenant Fees Act 2019 which came into force in June. It is...
The Financial Conduct Authority (FCA) has confirmed that it has removed barriers that stop some mortgage customers from finding a cheaper mortgage deal. The new rules allow lenders to use a different and more proportionate affordability assessment for customers who...
The cost of selling a home through a High Street estate agent can vary by as much as 261% depending on the postcode, according to new research. The figures from GetAgent for consumer group Which? Money analysed more than 40,000 branches that listed properties in over...
The equity release market increased by 8% in the third quarter of 2019 in the UK as older home owners unlocked almost £11 million of property wealth per day. Overall, equity release products provide £988 million of funding to owners aged 55 and over and 33,000 new...
Older home borrowers who didn’t seek advice on their last mortgage deal are more likely to be on a variable rate mortgage, such as their lender’s SVR, it is claimed. Some 52% of borrowers aged 55 and over who didn’t seek advice are on a variable product could...
