HMRC’s withdrawal of paper copies of important tax document may affect self-employed workers’ mortgage applications

6 Sep 2017

Self-employed workers in the UK have reported their struggles to acquire a mortgage, after HM Revenue & Customs (HMRC) changed the way it issues details of tax calculations and tax year overviews for…

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Rates improve as savings market springs back into life

6 Sep 2017

Activity in the savings market has soared in recent months with the number of providers reaching its highest point in more than seven years, new figures reveal. The latest Moneyfacts UK Savings Trends…

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Mortgage rate rise to bite borrowers where it hurts

6 Sep 2017

The Bank of England (BoE) announced that it would hold interest rates at a record-low of 0.25 per cent in August, but for how much longer this will low rate will remain unchanged is not known. While the…

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Study reveals fall in mortgage costs

29 Aug 2017

Study reveals fall in mortgage costs A new study suggests that mortgage costs across the UK are falling – a trend that is expected to continue well into the near future. According to the latest quarterly…

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State pension age to be increased to 68

29 Aug 2017

Under new Government proposals, as many as seven million UK men and women will have to wait a year longer than expected to get their state pension. This is because the UK’s existing state pension age…

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Household savings down by almost half in Q1 of 2017

29 Aug 2017

Worrying data published by the Office for National Statistics (ONS) towards the end of July has revealed that household savings hit a record low in the first quarter (Q1) of 2017 – after falling by as…

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£50bn liberated from defined benefit pensions since introduction of freedoms

6 Jul 2017

New research has revealed that £50bn worth of defined benefit (DB) transfers have taken place since changes to pension freedoms were first introduced in April 2015. The data, which was recently highlighted…

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No deposit, no problem – 95 per cent mortgages bounce back

6 Jul 2017

Banks and building societies are offering a record number of mortgages for buyers with small deposits, a report has revealed. Around 300 95 per cent products were available last month – the highest number…

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Interest rates could be set to rise in coming months

6 Jul 2017

Senior officials at the Bank of England (BoE) appear to be at odds with one another over whether interest rates should be increased in the wake of post-election uncertainty. Throughout June, rumours of…

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Brexit stock market boost creates record numbers of ISA millionaires

14 Jun 2017

A growing number of savers who have stocks and shares ISAs are finding that they are becoming ISA millionaires, boosted by a quickly rising stock market. Including reinvested dividends, the FTSE All Share…

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