Financial news

• UK government to ‘call out fuel retailers who rip off public’

  30-10-2023 18:43
  
  Energy secretary ‘taking steps’ to protect drivers from providers that do not pass on lower wholesale costsThe government has warned it will “not hesitate to call out retailers who rip off the public” by not passing on lower wholesale prices to motorists buying fuel at the pumps.Writing in a letter to industry executives, Claire Coutinho, the energy secretary, said the government and regulators were taking steps to protect consumers amid a sharp rise in prices over recent
  
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• Rihanna’s former London rental mansion sells for £27.5m

  30-10-2023 14:59
  
  Chinese buyer snaps up St John’s Wood house that often featured in singer’s Instagram postsA London mansion that Rihanna was renting for £18,000 a week has been sold to an undisclosed Chinese buyer for £27.5m.The sale of the eight-bedroom, 588 square metre (6,332 sq ft) St John’s Wood house, which became famous for its role in the background of the singer’s social media posts, was agreed on Monday for almost £5m less than it was originally listed for in
  
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• UK mortgage approvals slump before interest rates decision

  30-10-2023 14:08
  
  Remortgaging at lowest level since January 1999 as borrowers face higher repaymentsUK mortgage approvals slumped in September amid mounting signs of stress in the property market, according to official figures before the Bank of England’s next decision on interest rates on Thursday.Figures from the central bank showed net borrowing of mortgage debt decreased from £1.1bn in August to a net repayment of £900m in September – the lowest since April this year. Continue reading
  
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• POLL: Should Jeremy Hunt cut inheritance tax in the Autumn Statement?

  30-10-2023 13:38 via express.co.uk
  
  Jeremy Hunt is thought to be considering cutting inheritance tax in the upcoming Autumn Statement. But what do you think? Should inheritance tax be cut? Vote in our poll.
  
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• DWP urges pensioners to check eligibility for five winter schemes to cover cost of living

  30-10-2023 12:47 via express.co.uk
  
  Many pensioners are unaware of the financial help they may be entitled to which can help cover the costs of rising bills.
  
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• Jeremy Hunt mulls major inheritance tax cut ahead of Chancellor's Autumn Statement

  30-10-2023 11:30 via express.co.uk
  
  The changes to inheritance tax could mean families can pass on £1million tax-free.
  
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• How to apply for your Winter Fuel Payment worth up to £600 and when to do it by

  30-10-2023 10:56 via express.co.uk
  
  The yearly payment is being supplemented this year with an additional cost of living payment.
  
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• 'I'm a first-time buyer - here's how I bought my parents' house when they retired'

  30-10-2023 10:02 via express.co.uk
  
  Ben Rich made one key decision that enabled him to purchase his parents' three-bedroom home.
  
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• Leaving home to go into care? Here’s what you need to know

  30-10-2023 10:00
  
  It may be for a short stay, or for longer. But it is vital to tell a whole number of service providers that you have moved outMoving an older person into a care home brings a number of challenges – not least about what will happen to their property. Often a house or flat they have spent many years in will be left empty for a short time or quite a while.Before the home is sold, rented out or occupied by a family member, it is important to tell a number of service providers – from insu
  
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• Abingworth raises $356 million for new Clinical Co-Development Co-Investment Fund (CCD-CIF)

  30-10-2023 09:00 via globenewswire.com
  
  Abingworth extends its capital base for late-stage clinical programs with pharma and biotech partners London, UK and New York, USA, October 30, 2023 - Abingworth, a leading international life sciences investment group, part of global investment firm Carlyle (NASDAQ: CG), today announced the final closing of its new Clinical Co-Development Co-Investment Fund at $356 million. Abingworth Clinical Co-Development Co-Investment Fund (CCD-CIF) was significantly oversubscribed, exceeding its target of $
  
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• A new start after 60: I was jobless and struggling to pay my mortgage. Busking turned my life around

  30-10-2023 09:00
  
  When Steve Howgego sings opera, passersby tell him he has the voice of an angel. But for years it was silenced by grief and self-doubt As a child, Steve Howgego loved to sing. His favourite teacher at primary school told him he did it beautifully. But at home, he was too loud for his mother, who said he sounded terrible. Howgego believed her, and it took him years to find his true voice. Now, at 66, he is an operatic street performer.Howgego, who grew up in Hartlepool, County Durham, has a stron
  
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• Full list of State Pensioners who could get £6,552 in backpayments by end of the year

  30-10-2023 08:59 via express.co.uk
  
  More than 230,000 state pensioners could be due backpayments due to system errors in the coming weeks and months.
  
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• Should I use my lifetime Isa to buy a house to rent out or wait until I leave the forces?

  30-10-2023 08:00
  
  Once I have left I intend to make a purchase with my girlfriend but need advice as a first-time buyerQ I am currently planning on using my first-time buyer lifetime Isa to buy a house to rent out. I am in the forces and so I am able to get a consent to let as I won’t be able to live there. The property is £120,000 with a rent of about £800 a month. I have been offered a mortgage of £489 a month for five years fixed. I don’t intend on moving into the house and I am u
  
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• How to find the best refurbished phone

  30-10-2023 08:00
  
  The lowdown on where and what to buy and avoiding the pitfalls while trying to save moneyIf you need a new smartphone but want to save money and be more sustainable, buying a refurbished one is the answer.As with brand-new phones, there are many places to buy them from, but there are also various types of refurbished handsets, and a few potential pitfalls to avoid. Here’s what you need to know. Continue reading...
  
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• House prices fell in 80% of UK markets this year, says Zoopla

  30-10-2023 01:01
  
  London and England’s southern and eastern regions worst affected as higher mortgage rates sap demandHouse prices have fallen in every local property market in the south and east of England this year, as higher mortgage rates have weakened demand for new homes, figures have shown.About 80% of markets in the UK registered house price falls over 2023 compared with last year, the property portal Zoopla found. Continue reading...
  
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