December 2022 Financial News Archive | Moneyfactscompare.co.uk

A year in review: Where have house prices seen the strongest growth?

30th December 2022

Some UK towns and cities saw average property values increase by more than 15% over the last year, according to Halifax, the UK’s largest mortgage lender.

Some UK towns and cities saw average property values increase by more than 15% over the last year

Savings rates rise to highest level in over a decade

19th December 2022

Savings rates rose for the 10th consecutive month for the first time since Moneyfacts records began in February 2007.

Bank of England raises interest rate to 3.5%

15th December 2022

The Bank of England’s Monetary Policy Committee (MPC) has voted to increase the base rate by 50 basis points. On top of November’s 33-year-high rate hike, it means the base rate now stands at 3.5%, the highest it’s been since the financial crisis of 2008.

What the ninth consecutive base rate hike means for your mortgage and savings pots.

Inflation eases slightly, but what does it mean for savings?

14th December 2022

Falling petrol prices sees inflation drop back but increases in alcohol prices in pubs and restaurants means cost of living remains stubbornly high.

Inflation continues to take its toll on savings pots, but savvy savers could still find a better return.

Three estate planning mistakes and how to avoid them

9th December 2022

If you lose a loved one, the matter of inheritance can be an emotional subject for all the family – and if their plans are unclear, this inherited wealth can quickly become a source of angst.

If you lose a loved one, the matter of inheritance can be an emotional subject for all the family, and can quickly become a source of angst.

House prices fall at fastest rate since financial crash of 2008

7th December 2022

UK house prices have been hit by the biggest drop in 14 years, with the average UK property costing £7,000 less than it did last month, according to new data from Halifax.

UK house prices have been hit by the biggest drop in 14 years, with the average UK property costing £7,000 less than it did last month, according to Halifax.

Annuity income returns growth during 2022

6th December 2022

The average annual annuity income rose by £898 since the start of 2022, according to Moneyfacts data.

How to earn cashback from Amex this Christmas

5th December 2022

American Express cardholders could earn £25 cashback for supporting small businesses.

2020 mortgage interest rates review

21st December 2020

The economic uncertainty caused by the Coronavirus pandemic has had a significant impact on mortgage interest rates this year, with rates falling to record lows as well as increasing year-on-year

Coronavirus pandemic has had a significant impact on mortgage interest rates