news icon

July 2020 News Archive

Explore our archive of financial news, savings, mortgages and personal finance articles published in July 2020. Browse articles below for key developments, expert analysis and insights from the month.

Advertisement

July 2020 News

news icon
SMEs pushing through loans ahead of the CBILS deadline

28th July 2020

SMEs looking for loans of more than £50,000 under the Coronavirus Business Interruption Loans Scheme (CBILS) are now pushing through applications to make sure they can secure their finance before the scheme ends in September.

SMEs looking for loans of more than £50,000 under the Coronavirus Business Interruption Loans Scheme (CBILS) are now pushing through applications to make sure t

Read More
news icon
Investing ethically pays dividends for savers

27th July 2020

Ethical funds are consistently achieving better levels of growth than their non-ethical equivalents according to a study revealed by Moneyfacts today

Ethical funds are consistently achieving better levels of growth than their non-ethical equivalents according to a study revealed by Moneyfacts today

Read More
news icon
Coronavirus business help: Banks set out student loans scheme for struggling businesses

16th July 2020

UK banks have proposed a new ‘student loans’ style scheme to help businesses that may struggle next year once their Coronavirus Business Interruption Scheme (CBILS) loans start to be paid back. The banks that are proposing the scheme claim that 780,000 businesses and three million jobs could be at risk if businesses cannot defer their loan repayments.

UK banks have proposed a new ‘student loans’ style scheme to help businesses that may struggle next year once their Coronavirus Business Interruption Scheme (CB

Read More
news icon
Help available for first-time buyers looking to get onto the housing ladder

15th July 2020

This week, the prospect for first-time buyers looking to get onto the property ladder increased as a number of mortgage lenders, including Nationwide and Metro Bank, announced they are reintroducing high loan-to-value (LTV) mortgage deals

This week, the prospect for first-time buyers looking to get onto the property ladder increased as a number of mortgage lenders

Read More
news icon
Inflation rises for the first time since January

15th July 2020

The June Consumer Prices Index (CPI) figures, released today, show that inflation has risen to 0.6%, up from 0.5% during May, and the first inflation increase since January

The June Consumer Prices Index (CPI) figures, released today, show that inflation has risen to 0.6%, the first inflation increase since January

Read More
news icon
Saving products fall to historic low – what are the alternatives for savers?

14th July 2020

Savers continue to face a challenging market as the number of savings products available has fallen to its lowest level on record and average rates across all charts are below 1.00%

The number of savings products available has fallen to its lowest level on record and average rates across all charts are below 1.00%

Read More
news icon
Nationwide to restart first-time buyer lending

13th July 2020

Nationwide Building Society has announced that it is planning to extend its mortgage product range to include 90% LTV to support first-time buyers

Nationwide Building Society has announced that it is planning to extend its mortgage product range to include 90% LTV to support first-time buyers

Read More
news icon
First-time buyers see product choice fall by more than half in a month

13th July 2020

In the past month, first-time buyers with a 10% deposit or less will have seen the number of mortgage deals available to them fall by more than half

In the past month, first-time buyers with a 10% deposit or less will have seen the number of mortgage deals available to them fall by more than half

Read More
news icon
Stamp Duty holiday – how much will you save?

9th July 2020

Consumers looking to buy a property could save up to £15,000 due to the Government’s stamp duty holiday, which was announced by the Chancellor during his summer statement yesterday

Consumers looking to buy a property could save up to £15,000 due to the Government’s stamp duty holiday

Read More
news icon
An interest-only mortgage could help ease financial pressure during pandemic

6th July 2020

Mortgage borrowers financially struggling due to the Coronavirus pandemic and considering switching to an interest-only mortgage will find that the majority of deals offer an interest-only repayment option

Mortgage borrowers switching to an interest-only mortgage will find that the majority of deals offer an interest-only repayment option

Read More
Back to top image

Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.

Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.