Latest News from Money Expert

The UK’s coastal towns dominate the list of areas with the highest levels of personal debt, according to new figures. Recent research from accountancy group UHY Hacker Young has revealed the towns and...

HSBC and its internet-based bank First Direct have slashed the interest rates on their regular savings accounts from 5% to 2.75%.The rate cuts means only M&S, which is also partly owned by HSBC,...

The minimum stake of the shared ownership stake will be cut from 25% to 10%, the government has announced. Under the new plans, prospective buyers will be able to buy a stake in their home with a...

Banks struggling to process a last-minute surge of PPI claims may not hand customers responses until next summer, the financial regulator has warned. Financial institutions usually have eight weeks to...

State pensions will rise by 3.9% from April of next year, above the rate of inflation and the largest increase since 2012. Single people receiving the basic state pension—those who reached state...

Retail sales in the UK were flat in September as shoppers stayed cautious ahead of the Brexit deadline on October 31. According to the latest figures from the Office for National Statistics (ONS),...

Motorists in the UK could save a total of £165 million each year after the Financial Conduct Authority announced it was cracking down on the car finance industry. The FCA has set out its plans to ban...

More than half (57%) of residential mortgages now offer maximum terms of 40-years, catering to customers who might struggle to meet affordability criteria for shorter terms, financial website...

NatWest, Royal Bank of Scotland and Ulster Bank will cancel thousands of customers’ PPI policies—on credit cards and home equity loans— on 29 December. The banks are all part of the RBS Group, which...

From January, Barclays will no longer allow its customers to withdraw cash from Post Office branches, a move which suggests the future of cash in the UK is under threat. Currently, customers of 28...