Net mortgage approvals for house purchases fell to 53,400 in September, which is below an average of 58,800 over the previous six months, and follows decreases in July and August, the Bank of England (BoE) has revealed.
The central bank’s latest Money and Credit Report found that remortgage approvals increased from 34,000 in August to 42,600 in September, while net borrowing of mortgage debt by individuals decreased from £4.2bn to £3.9bn in the same period
More than half of UK adults expect to be worse off following the Autumn Budget, with many households struggling to cover essential bills and increasingly relying on credit to manage unexpected costs, new consumer research has found
Investing confidence among UK adults has reached a three-year high, with 40% now feeling confident about investing, up from 33% in 2024, but planned ISA changes risk undermining the growing momentum, Moneybox has warned.
The latest Moneybox Financial Confidence Index found that the proportion of adults holding investments has risen from 30% to 44% over the past two years
AI is one of the most influential advisers in the UK, with tools shaping financial decisions over an estimated £47.7bn of UK savings and investments, the lang cat has stated
Chancellor John Healey has reportedly ruled out increasing capital gains tax (CGT) rates in the October Budget, despite pressure from some Labour ministers and MPs to do so, potentially easing investor concerns
Nine out of 10 regular savings accounts deliver poorer returns annually compared to standard easy access accounts, despite attractive headline rates, Spring has revealed
A looming retirement crisis is facing the youngest generation of workers as rising living costs force younger workers to prioritise immediate financial pressures over retirement savings, new research has warned
Almost half (48%) of young adults facing housing insecurity say that a lack of financial education is the primary cause of these problems, Money Ready has found
The average five-year mortgage fix has reached 6%, the highest rate since September 2023, Moneyfacts has revealed.
The latest data revealed that the number of sub-5% fixed mortgage deals in the UK has dropped by 99% in September, from 1,494 deals at the start of the month to just nine yesterday
Over three-quarters of people aged 55 to 64 say they have already taken the tax-free lump sum from their pension, with many spending the money on discretionary purchases rather than retirement costs, AJ Bell has found
Almost half (46%) of aspiring homeowners have said they would use pension savings towards a house deposit if the rules allowed, Leeds Building Society has found