2019 Financial News Archive | Moneyfactscompare.co.uk

Home News Archive 2019

Explore our archive of financial news, savings, mortgages and personal finance articles published in 2019. Browse articles below for key developments, expert analysis and insights from the whole year.

2019 News

Half of top easy access savings accounts have withdrawal restrictions

Derin Clark

Online Reporter

Published: 25/09/2019

Savers wanting to get the best rates on an easy access savings account may have to opt for one with withdrawal restrictions, as half of the accounts offering the top 10 highest rates have some sort of withdrawal restriction.

Those looking for an easy access cash ISA have even more limited choice when looking for an option that allows unrestricted withdrawals with all the top 10 highest rates either having opening restrictions or restrictions on withdrawals.

Tesco Bank reduces personal loan rate

21st March 2019

Today there have been a number of notable changes to personal loan rates, with both reductions and increases seen across a number of brands...

Parents urged to act quickly to get the best children’s savings account rates

26th November 2019

Parents thinking about opening a children’s savings account are being urged to act quickly as rates on these accounts could start to fall

Drop in 95% LTV mortgage competition hits first-time buyers

9th September 2019

With the total number of 95% loan-to-value (LTV) mortgage deals falling, while those on a 90% LTV are on the rise, first-time buyers may want to wait until they can save for a 10% deposit to take advantage of the better rates

Charter Savings Bank withdraws competitive savings accounts

19th September 2019

Charter Savings Bank has withdrawn a number of its highly competitive saving accounts today, including its chart-topping 5 Year Fixed Rate Cash ISA, but fortunately for savers, there are a number of accounts that offer the same or higher rates

United Trust Bank enhances its Bridging products

23rd August 2019

United Trust Bank (UTB) has introduced a range of enhancements to its bridging products that are designed to reduce costs for borrowers and increase the speed and simplicity of the applications

United Trust Bank (UTB) has introduced a range of enhancements to its bridging products

Pensioners need a £33,000 a year income to enjoy a comfortable retirement

17th October 2019

In order for workers to enjoy a comfortable retirement that includes holidays abroad, a generous clothing allowance and a car they will need to have saved enough for a £33,000 per year income

In order for workers to enjoy a comfortable retirement they will need to have saved enough for a £33,000 per year income

New entrants lead the way on banking service

9th July 2019

The latest service data compiled from banks across the UK marketplace shows the surprising differences in how long it takes to complete the most popular customer requests.

The latest service data compiled from banks across the UK marketplace shows the surprising differences

The best accounts to deposit £5,000 over six months

9th October 2019

Throughout 2019, the savings market has not been particularly good for savers and competition across much of the market has declined

40-year mortgage terms are becoming the norm

18th March 2019

At one time, mortgages typically had a standard maximum term of 25 years, yet our latest research shows that 50.89% of all residential mortgage products now have a maximum term of up to 40 years, up from 35.93% five years ago.

At one time, mortgages typically had a standard maximum term of 25 years, yet our latest research shows that 50.89% of all residential mortgage products now...

Annuity incomes fall to historic low

10th September 2019

Annuity rates are at their lowest point in the product’s history, with income payable falling by over 10% since the beginning of the year, research from Moneyfactscompare.co.uk reveals

Annuity rates are at lowest point in the product’s history, with income payable falling by over 10% since the beginning of the year

NatWest increases saving account restrictions

31st October 2019

NatWest has made a number of changes to its savings accounts terms and conditions, which increase restrictions on the accounts and cut rate change notice periods

NatWest has made a number of changes to savings accounts terms & conditions, increasing restrictions on accounts and cut rate change notice periods.

Rise in pension pot withdrawals

28th August 2019

There has been a rise in retirees withdrawing cash from their pension pots and depositing the money into easy access account, new statistics show

Coventry BS launches competitive regular savings account

28th September 2019

Coventry Building Society has launched a new highly competitive regular savings account today offering a rate of 2.5% AER for the first 12 months

First direct celebrates 30th birthday

1st October 2019

It’s 1989, the Berlin Wall has come down and the Bank of England base rate is 14.88%. A new bank called first direct is launched by Midland Bank. It is the first telephone bank in the UK and allows consumers to bank at a time and a place convenient to them using their phone. It's launching principle is to ‘pioneer amazing service’.

It’s 1989, the Berlin Wall has come down and the Bank of England base rate is 14.88%. A new bank called first direct is launched by Midland Bank. It is the firs

Struggle to save for house deposits forces half of young adults to live with parents

21st June 2019

Over half (58%) of young adults surveyed by the mortgage broker, Trussle, revealed that they still live with their parents as financial circumstances prevent them from moving out and saving for a house deposit or being able to afford to live on their own

Over half (58%) of young adults surveyed by the mortgage broker, Trussle, revealed that they still live with their parents

Bridging loan rates now lower than the start of 2019

6th November 2019

According to the latest data from Moneyfactscompare.co.uk, the average monthly interest rates for bridging loans have reduced from just under 8% since the start of the year and now. Rates have dropped from 0.798% per month to 0.736%. During the past 11 months, only one bridging lender has increased its rates, while there have been eight rate reductions. The analysis included between 40 and 46 providers during the year.

According to our latest data, the average monthly interest rates for bridging loans have reduced from just under 8% since the start of the

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2019 News Archive

2019 News

Derin Clark

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