As Roger Saul, the founder of the Mulberry designer label, gazes out over his Somerset farm, the English countryside is so idyllic it is hard to believe a lethal pandemic is sweeping the world. ‘There is the most wonderful sunset coming in, with loads of birds flying around. It is beautiful. But even before the … Read more
Savers with memories of the aftermath of the financial crisis might have felt a sense of déjà vu after the Bank of England’s emergency press conference on 11 March. But while an emergency base rate cut of half a percentage point, followed by another one eight days later which took the bank rate to its … Read more
The New Year brings with it a handful of new lucrative current account switcher offers – worth up to £175. Switching is something many of us put off, with a third of customers sticking with the same old bank we opened our first account with, despite bad service, hefty fees and little reward for our … Read more
Hundreds of bank branches forced to shut their doors temporarily as staff fall ill or are forced to self-isolate By Money Mail Reporter For The Daily Mail Published: 22:00 GMT, 24 March 2020 | Updated: 23:40 GMT, 24 March 2020 Banks are being forced to shut hundreds of their branches temporarily due to staff falling … Read more
Banks across Britain are allowed to stay open during the coronavirus pandemic, with the Government last night putting branches on the exception list. That means that during the time that the UK is on lockdown, banks are able to remain open but most are putting place social distancing measures and may close some branches. This … Read more
Lenders cash in on coronavirus: HSBC, First Direct and M&S Bank increase overdraft charges up to 39.9% amid crisis while Halifax and Lloyds are set to do same next month Rates on 3-year loans have gone up since December, with some of cheapest offers withdrawn in recent days Overdraft rates will quadruple in some cases … Read more
Lenders cash in on coronavirus: HSBC, First Direct and M&S Bank increase overdraft charges up to 39.9% amid crisis while Halifax and Lloyds are set to do same next month Rates on 3-year loans have gone up since December, with some of cheapest offers withdrawn in recent days Overdraft rates will quadruple in some cases … Read more
Homeowners are unknowingly putting themselves into arrears by cancelling their mortgage payments without speaking to lenders first. Chancellor Rishi Sunak’s announced last week that homeowners in financial difficulty as a result of the coronavirus pandemic will be offered a three-month mortgage break, or ‘payment holiday’. But lenders have warned that some borrowers are cancelling their … Read more
Just after Christmas last year I noticed my Halifax Ultimate Reward account, which I use as a savings account, had been billed £290 by Sky. I have been a Sky customer for a decade, but I did not recognise the charges, as I have previously paid my bill through direct debit from a Clydesdale Bank … Read more
Mortgage meltdown: Bank chaos as families rush to freeze payments and homeowners tell of 10-hour wait on helplines Chancellor Rishi Sunak offered homeowners a three-month mortgage break Lenders now asking borrowers to submit applications online to free up phones Borrowers who do take a break will still be charged interest on their mortgage By Samantha … Read more