Borrowers Warned: Inflation Drop May Not Cut Mortgage Rates
Inflation fell to 2.8% in April, but brokers warn borrowers not to expect lower mortgage rates, citing potential fuel crisis impacts from Middle East tensions.
Inflation fell to 2.8% in April, but brokers warn borrowers not to expect lower mortgage rates, citing potential fuel crisis impacts from Middle East tensions.
Nationwide is set to announce £100 bonus payments for millions of customers on Thursday under its Fairer Share scheme, with automatic payments expected in June.
The Labour government has asked major UK supermarkets like Tesco, Asda, Sainsbury's, and Morrisons to voluntarily freeze prices on essential foods to combat inflation.
UK inflation is expected to rise above 4% tomorrow as the Iran war impacts fuel prices. Current CPI at 3.3% likely to increase significantly.
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Martin Lewis reveals four sectors where over 50% of haggling attempts succeed. Learn his simple trick to get better deals on broadband, insurance, and more.
Nationwide Building Society is expected to announce this week whether it will proceed with its £100 Fairer Share bonus for millions of customers, continuing a three-year tradition.
Brits warned to avoid five energy mistakes costing households hundreds as temperatures hit 27C this bank holiday weekend. Expert tips to save money.
Energy customers from major providers face a £209 increase in the price cap from July, according to Cornwall Insight. Fixed tariffs could help avoid the rise.
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RecommendedHMRC confirms a 25p per mile rate for drivers exceeding 10,000 business miles annually, allowing tax relief on vehicle costs. Rules apply to cars, vans, motorcycles, and bicycles.
A think tank proposes replacing the state pension triple lock with a new system, claiming it could save £38bn by 2045. Critics warn it may increase pensioner poverty.
West Midlands Police arrest three men and seize counterfeit tobacco and illegal vapes from high street stores, targeting organised crime links.
HMRC will increase a tax charge for state pensioners receiving Winter Fuel Payment to £33 from 2027, clawing back the benefit if income exceeds £35,000.
Nationwide, Santander, NatWest, and Virgin customers have a three-day window to secure mortgage rates before potential hikes due to rising swap rates.
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RecommendedA potential rule change at UK petrol stations could save drivers £50 annually. FairFuelUK founder Howard Cox urges Chancellor Reeves to scrap fuel duty hike plans.
Lloyds Bank advises customers to use its savings calculator to plan financial goals, while also addressing customer complaints about statement generation delays.
Rachel Reeves confirms a £170 vehicle tax for cars made before 2017. New bands for 2026/27 affect millions, with emissions-based charges and changes for low-emission vehicles.
Chancellor Rachel Reeves is expected to scrap a planned 5p fuel duty rise amid cost-of-living pressures from the Iran war and poor Labour local election results.
HMRC has confirmed a 45p per mile tax relief for drivers using their own vehicles for business trips under 10,000 miles annually. Claims can be made for current and past four tax years.
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RecommendedParents can legally add £9,000 to the £20,000 ISA limit when a child turns 18, using a stacking loophole between Junior and adult ISAs.
HMRC has announced new VAT road fuel scale charges effective from 1 May 2026 to 30 April 2027, impacting businesses accounting for private fuel use.
HMRC's Marriage Allowance increase lets couples transfer £1,260 of Personal Allowance, saving up to £252 in tax. Eligibility and calculation details inside.
A cut to the Cash ISA allowance could lead to tax bills of up to £9,400 over 10 years for additional-rate taxpayers, warns AJ Bell.
UK households with children born in certain years can access £29,000 in tax-free ISA allowances. Financial expert Antonia Medlicott explains how to maximise savings.
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RecommendedBarclays issues an update for customers with holidays booked in 2026, revealing research that holidaymakers seek more control through rewards, planning, and AI.
Nationwide Building Society clarifies credit card payment rules after customer query. The mutual explains pending transactions and payment timing to protect credit scores.
HMRC sends urgent message to people earning between £60,000 and £80,000, warning they may have to repay some or all of their Child Benefit due to the High Income Child Benefit Charge.
Analysis shows the Iran war may cost savers £275 in real terms, as rising interest rates fail to offset higher inflation.
Halifax has issued a key update on credit card refunds, explaining how credit balances are handled and how customers can request refunds via the app or online banking.
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RecommendedUK households are warned that failing to shop around for the best Cash ISA could cost them £1,861 over five years, as the allowance drops to £12,000 in April 2027.