SCOTTISH borrowers could boost their disposable incomes by £2,756 - equivalent to 9.4 per cent of the average salary of £29,588 - by switching from their lender’s standard variable rate (SVR) to a cheaper mortgage deal, according to analysis by online broker Trussle.
SAVERS who want to put money into an Isa before the end of the tax year in April can take advantage of a range of new deals and rates. More than 25 banks and building societies have increased their cash Isa rates or introduced new accounts to entice savers in the run up to the end of the tax year, according to Moneyfacts, the financial data firm.
INVESTORS are holding almost £55 billion in poor-performing funds, according to research from Bestinvest, the online investment service. The company has spotted 111 so-called dog funds, up from 58 just six months ago and a four-fold increase on the 26 funds identified in February 2018. The current list includes funds managed by well-known firms including Fidelity, Invesco and Schroder.
MOST banks and building societies now offer the option of mobile banking, and a new generation of banks operates exclusively via your mobile. So how does mobile banking work and can it help you to manage your finances?
WITH the average household spending more than £700 on Christmas festivities, including gifts, food and drink, it is perhaps no surprise that many people may now be nursing a festive debt hangover.
IT MIGHT not be up there with mince pies and reindeer, but it is a Christmas tradition that the stock market performs well in December, experiencing a so-called Santa rally.
THE NUMBER of first-time buyers has risen to its highest level since June 2017. There were 35,500 new first-time buyer mortgages completed in August 2018, two per cent more than in August 2017, according to figures from UK Finance. But first-time buyers are still struggling because house prices are rising faster than wages.
UP TO four million people are paying over the odds for their mobile phone because of a lack of transparency on charges, according to reports from Citizens Advice and Ofcom, the communications industry watchdog.
BORROWERS who lapse onto their mortgage lender’s standard variable rate (SVR) at the end of a fixed deal pay more than £2,500 a year, or £211 a month, in extra interest, according to online mortgage broker Trussle.
Royal Bank of Scotland (RBS) and Clydesdale Bank have been named as the banks that offer the worst overall quality of current account service in an official poll published by the Competition and Markets Authority (CMA).
