April 2022 News Archive

UK properties are selling at twice the rate of the normal market in 2019 according to real estate company Rightmove. In addition, in March a seller could expect to spend an average of 33 days before their house was sold, 18 days fewer compared to exactly one year prior. This can be attributed to the increased demand for housing but limited supply, which have also driven house prices in an upward trajectory.

UK properties are selling at twice the rate of the normal market in 2019 according to real estate company Rightmove.

Borrowers looking to make home improvements will find the average cost of an unsecured personal loan has fallen year-on-year, according to the latest research. In particular, loan rates have fallen on small sums – on a borrowing amount of £3,000 over a three-year repayment period, the average loan rate is down from 14.6% a year ago to 14.3% today. A recent survey from Direct Line revealed 50% of consumers they surveyed wanted to renovate to gain extra space. Loft conversions can be a popular way to maximise living space, and insulation can cost £2,750, according to research by estate and letting agents Barrows and Forrester.

Borrowers looking to make home improvements will find the average cost of an unsecured personal loan has fallen year-on-year, according to the latest research.

Multiple Moneyfacts award-winning challenger bank, first direct, will increase its regular saver account rate to 3.5%. However, those interested in the offer should consider the competition. “The majority of regular savings accounts on the market are either exclusive to new or existing current account customers or have some kind of eligibility criteria, so savers will need to compare deals carefully before they apply,” said Rachel Springall, Finance Expert at Moneyfacts.

Multiple Moneyfacts award-winning challenger bank, first direct, will increase its regular saver account rate to 3.5%.

After a lengthy absence, ISA season is back around the end of a tax-year with the market seeing the highest uplift in average rates month-on-month in a decade. Those savers who are comparing deals to utilise their 2022/23 allowance will find much better rates on average compared to a month ago, both for variable and fixed ISAs, according to the latest Moneyfacts Savings Treasury Report.

After a lengthy absence, ISA season is back around the end of a tax-year with the market seeing the highest uplift in average rates month-on-month in a decade.

Lower remortgage activity last month can be attributed to fewer remortgage products on the market. Compared to February’s figures, the number of remortgages in March fell 28%, according to the latest LMS Monthly Remortgage Snapshot. However, lenders and borrowers can expect this statistic to be a temporary observation due to a drop in product availability.

Lower remortgage activity last month can be attributed to fewer remortgage products on the market.

With the long Easter weekend fast approaching, and summer on the horizon, many of you are probably thinking of taking a city break. However, with the cost of living showing no signs of slowing down, financing this holiday could become complex for some families. This is why some are considering a personal loan, or “holiday loan”, to help finance their getaway trip. Below we have discussed what you should know if you are considering a holiday loan.

Matt Tristram, of Loans Warehouse, spoke to Moneyfacts about the advantages of using a “holiday loan” to finance your getaway.

As the Easter Bank Holiday approaches, holidaymakers who are planning to take a trip to Europe may also want to plan how they are going to spend their cash abroad. As the options for travelling abroad expand for many consumers, the upcoming Bank Holiday could be the perfect time for a trip to Europe.

As the Easter Bank Holiday approaches, holidaymakers who are planning to take a trip to Europe may want to plan how they are going to spend their cash abroad.