Financial news

• How has the cost of living crisis affected your holiday plans?

  19-06-2023 18:16
  
  We want to hear from people about changes they’ve made to their holiday plans due to the economic situation in the UKAs the cost of living crisis in the UK continues to bite, we want to hear how your holiday plans have been affected.Whether you’re reducing the duration or the number of trips you normally take, opting for budget deals over luxury breaks, or choosing to stay closer to home , tell us how the squeeze on most people’s spending power is affecting your travel plans. C
  
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• Reality v research on low-traffic neighbourhoods | Letters

  19-06-2023 17:27
  
  Peter and Jen Golding are suffering from a huge rise in traffic and pollution, while Lee Pickering says increased pollution in nearby streets isn’t supported by researchAlec Collerton praises low-traffic neighbourhoods, citing his local example in Newcastle upon Tyne (Letters, 15 June). We live in the same area as him, but our road is one of the few not bollarded, and hence is now used extensively as a rat run by drivers previously using other roads. The result is a huge increase in traffi
  
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• Average two-year fixed rate mortgage deal hits 6% for first time this year, as Sunak rules out extra help – business live

  19-06-2023 16:21
  
  Average mortgage rates hit highest level since December, as asking prices for British homes fall in June for the first time in six yearsSunak says no extra help with mortgages as fixed rates climb to 6%Mortgage ‘catastrophe’ will lose us the election, warn Tory MPsBuy-to-let mortgage rates have also risen again.Moneyfacts reports that the average two-year fixed rate on a BTL mortage increased from 6.21% on Friday to 6.30% today.That wouldn’t be a direct mortgage payment, but it
  
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• Sunak says no extra help with mortgages as fixed rates climb to 6%

  19-06-2023 10:20
  
  Prime minister says no new support available for households struggling to pay loans Business live – latest updatesRishi Sunak has ruled out extra help for UK homeowners struggling to pay soaring mortgage costs, as the average two-year fixed-rate loan rose above 6%.The prime minister said the government should “stick to the plan” to halve inflation in its attempts to tackle the cost of living crisis, despite growing pressure on the Conservatives as households across the country
  
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• Fancy a top-up? Why the time is right for a £60,000 pension boost

  19-06-2023 10:00
  
  People now have almost two years to improve their state pension substantially by filling in any gaps in national insurance contributionsPeople hoping to boost their pension income by thousands of pounds over their retirement can breathe a sigh of relief – after a government scheme was extended by almost two years.HM Revenue and Customs has announced that taxpayers now have until April 2025 to fill in gaps in their national insurance so they can get the full state pension – a boost th
  
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• Britain's highest fixed rate - New savings account beats all rivals paying 5.45%

  19-06-2023 09:53 via express.co.uk
  
  After more than a decade when savings accounts paid next to nothing, cash is suddenly king again.
  
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• £150 cost of living payment to hit bank accounts from tomorrow - are you eligible?

  19-06-2023 09:50 via express.co.uk
  
  From Attendance Allowance to PIP, millions of Britons claiming certain disability benefits will benefit from extra cost of living support.
  
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• Thousands of people get lower state pension than they expected - how to boost yours

  19-06-2023 09:19 via express.co.uk
  
  A person typically needs 35 years of National Insurance contributions to get the full new state pension but many people receive a smaller amount when they start to claim.
  
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• Will I have to switch to a buy-to-let mortgage for a six-month sabbatical?

  19-06-2023 08:00
  
  We’re planning a six-month trip so I’d like to rent my flat out while away to cover the billsQ I bought my flat a little over a year ago, and have recently agreed to take a sabbatical with my partner. We’re planning to be out of the UK for up to six months from the end of this year-middle of next. Ideally, I’d like to rent my flat out while we’re away to cover costs of mortgage, bills etc.I understand that I will need to talk to my mortgage provider, but I’m n
  
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• An RAC call-out ended up with me losing my beloved Rolls-Royce

  19-06-2023 08:00
  
  When it couldn’t repair the Silver Spur, the RAC offered to take it to a specialist … then it went missing for six daysA couple of weeks ago you featured a story about the RAC losing a reader’s car that it was supposed to be recovering to his home. I can – unfortunately – top that. In February, I was driving my immaculate Rolls-Royce Silver Spur – one of only a few built with a turbo – when it suddenly refused to engage reverse gear.The RAC patrolman wh
  
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