Economy

How much does the average UK twenty-something earn?

How much does the average UK twenty-something earn? How much does the average UK twenty-something earn? The average twenty-something is earning £22,622 a year and is left with more than £300 of disposable income each month, research has revealed. A survey of 2,000 people under the age of 30 revealed youngsters are paying an average of £587 per month on …

Read More »

First-time buyer mortgage demand buoys Yorkshire Building Society

First-time buyer mortgage demand buoys Yorkshire Building Society First-time buyer mortgage demand buoys Yorkshire Building Society Yorkshire Building Society has more than doubled its profits for the past six months after demand for mortgages from first-time buyers rocketed. The mutual said it gave mortgages to a record 9,931 first-time buyers in the six months to June 30, around three times …

Read More »

New banking plans for personal data put millions at risk of financial difficulty

New banking plans for personal data put millions at risk of financial difficulty New banking plans for personal data put millions at risk of financial difficulty First we had open banking, when banks and financial institutions were able to share data – ostensibly for the benefit of their customers. It’s the reason that your app for one bank will now …

Read More »

Investment fraud convictions slump to lowest level since 2007

Investment fraud convictions slump to lowest level since 2007 Investment fraud convictions slump to lowest level since 2007 Convictions for investment fraud in England and Wales have slumped to their lowest level since 2007, with just one in 700 incidents convicted in 2019. A series of Freedom of Information (FOI) requests have found that convictions fell by 10 per cent …

Read More »

New plans for personal data put millions at risk of financial difficulty, study warns

New plans for personal data put millions at risk of financial difficulty, study warns New plans for personal data put millions at risk of financial difficulty, study warns Fears grow for vulnerable adults over impact of Open Finance Source link

Read More »

How to cover your home from flooding when you can’t find insurance

How to cover your home from flooding when you can’t find insurance How to cover your home from flooding when you can’t find insurance From heatwaves to flash flooding, extreme weather conditions are becoming more common but if they cause damage to your home, what can you do if you can’t find insurance? After a week-long heatwave, thunderstorms rocked the …

Read More »

House prices ‘are now 30% higher than their 2007 peak’

House prices ‘are now 30% higher than their 2007 peak’ House prices ‘are now 30% higher than their 2007 peak’ House prices are now nearly a third (30%) higher on average than a previous market peak in 2007, analysis has found. The average UK house price in June hit a record high of £230,700, Zoopla said. In December 2020, the …

Read More »

Housing experts will group together to find ways to tackle homes ‘crisis’

Housing experts will group together to find ways to tackle homes ‘crisis’ Housing experts will group together to find ways to tackle homes ‘crisis’ An array of organisations and experts are joining forces in a push to tackle the UK’s “housing crisis”, Nationwide Building Society has announced. The society said the coronavirus pandemic has exacerbated longstanding issues around the affordability, …

Read More »

Mortgages and debts top reasons for seeking money guidance

Mortgages and debts top reasons for seeking money guidance Mortgages and debts top reasons for seeking money guidance Mortgages and debts are the top reasons why people have sought money guidance over the past year, according to new figures. Homes and mortgages were the top reason why people visited the Money Advice website between June 1 2020 and May 31 …

Read More »

How to fight back when inflation hits our savings

How to fight back when inflation hits our savings How to fight back when inflation hits our savings When Covid rocked our world and threatened our financial security, the nation’s savers stepped up. By April there was more than £1.7trn stashed away in a range of accounts after a year which saw a dramatic increase in the amount households up …

Read More »