Today's round up of developments coming out of the consumer finance space, featuring Monmouthshire Building Society, Pepper Money, Saffron Building Society and Leeds Building Society
The vast majority of business leaders in the financial services sector have said their roles have become more complex since 2020, Alliance Manchester Business School (AMBS) has stated
Consumer price index (CPI) inflation rose 3.1% in the 12 months to August, up from 2.9% the previous month, the Office for National Statistics (ONS) has revealed.
On a monthly basis, CPI inflation rose 0.5%, up from 0.3% the previous year
Major UK lenders have begun a second wave of mortgage rate increases ahead of this week’s Bank of England (BoE) base rate (BBR) decision, according to new research
The number of first-time buyers (FTBs) borrowing more than 4.5 times their income increased two thirds year-on-year following changes in regulation, Plum has revealed
Overall product choice in the savings market has continued to beat all-time high, increasing to 2,642 deals including ISAs in September, Moneyfacts has revealed.
The firm’s latest UK Savings Trends Treasury Report found that excluding ISAs, product count rose to 1,894, which is the highest number of non-ISA products on record
Over two in five (41%) mortgage holders who switched banks said they did so to access a better mortgage rate, the Current Account Switch Service (CASS) has revealed
Major lenders are raising mortgage rates as higher swap rates put pressure on pricing margins, with HSBC and NatWest among the biggest banks to increase rates since the start of September, Moneyfactscompare has warned
Only 33 of the top 100 easy access cash ISAs are classed as "clean", Spring has stated, as they come with no short-term bonus rates, withdrawal limits or other restrictions
Financial anxiety is rising steeply across the UK, with one in five adults having no financial safety net and growing concern over investment, pension, mortgage and borrowing decisions, new research from Handelsbanken Wealth has warned.
A third of UK adults (33%) now feel apprehensive about making investment decisions themselves, up from 26% last year, while concern around pensions has also risen from 19% to 26%
Replacing monthly payments on a first-time buyer (FTB) ISA with a single pay out could see savers lose out on around £3,606 when purchasing their first home, Moneybox has revealed