Moneyfacts

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Several of the UK's largest mortgage lenders have significantly reduced interest rates this week, with some deals now available for under 4%, according to Moneyfacts. The move comes after the Bank of England recently cut its base rate to 5%.

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The four largest banks in the UK, Barclays, HSBC, Lloyds and NatWest between them, now control 85% of UK business accounts and 75% of current accounts, according to Moneyfacts. In its latest issue of INTEREST, the retail financial product data provider highlighted the lack of competition between the

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UK ministers are considering the benefits of 40-year fixed mortgages for first-time buyers who can't afford short-term mortgages. Long-term fixed-rate mortgages offer borrowers the chance to pay at one interest rate for the entire term of the loan ensuring buyers can afford their mortgage payments d

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New research has revealed that savers in the UK are prioritising short-term flexibility over locking their money away for the long-term, as the cost of living crisis forces people to change how they manage their finances. The study, by digital bank Chase, found that instant access to money without c

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Chancellor Kwasi Kwarteng has called bank chiefs to Downing Street to address issues with mortgages after uncertainty in the mortgage market led rates to soar to a 14-year high of 6%. The increase in rates also triggered a flurry of mortgage agreements being withdrawn by lenders.

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High street banks in the UK have failed to mirror the Bank of England's latest interest rate hike to millions of savers, with customers stuck with rates as low as 0.01%. The UK's ten largest banks have still not increased rates on their easy access savings accounts after the 0.5% increase in the bas

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Homeowners are being offered mortgage rates below 1% =for the first time since the beginning of the coronavirus pandemic as lenders anticipate an economic recovery.

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Savers who put their money into cash ISAs have suffered the worst year on record, with returns over the last 12 months averaging just 0.63pc, according to the latest figures released by Moneyfacts.

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Britain's mortgage lenders have dramatically increased their loan-to-value deposits for house purchases with Halifax and Barclays among those seeking 40% down-payments to fund buyers amid rising expectations of a housing crash. 

1-13 of 13 Articles
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