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May 2024 News Archive

Home News Archive 2024 May

Explore our archive of financial news, savings, mortgages and personal finance articles published in May 2024. Browse articles below for key developments, expert analysis and insights from the month.

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May 2024 News

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UK inflation falls to a near three-year low of 2.3%

22nd May 2024

Despite the significant drop, figures are higher than economists expected, casting doubt over an imminent cut to interest rates.

Despite the significant drop, figures are higher than economists expected, casting doubt over an imminent cut to interest rates.

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Fixed bonds and ISAs fall month-on-month

20th May 2024

Average rates on fixed bonds and ISAs fell in the month to May while easy access and notice rates remained more stable.

Average rates on fixed bonds and ISAs fell in the month to May while easy access and notice rates remained more stable.

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Introducing the Moneyfactscompare.co.uk Awards!

15th May 2024

As of 2025, the Moneyfacts Consumer Awards will be renamed the Moneyfactscompare.co.uk Awards.

As of 2025, the Moneyfacts Consumer Awards will be renamed the Moneyfactscompare.co.uk Awards.

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Rising more rapidly: Mortgage rates make biggest monthly jump since March

14th May 2024

However, climbing rates are countered by longer shelf-life and increased product availability.

However, climbing rates are countered by longer shelf-life and increased product availability.

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first direct reintroduces £175 current account switching bonus for new customers

13th May 2024

Customers can receive a welcome bonus for switching to first direct from 7 May 2024.

Customers can receive a welcome bonus for switching to first direct from 7 May 2024.

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Bank of England base rate remains at 5.25% - a blow to borrowers?

9th May 2024

The latest latest decision comes as average mortgage rates continue to rise steadily.

This latest latest decision comes as average mortgage rates continue to rise steadily.

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How are building societies supporting first-time buyers?

9th May 2024

As mortgage affordability continues to be a major challenge, building societies offer different measures to help first-time buyers get on the property ladder.

Building societies are offering competitive rates and different measures to help first-time buyers get on the property ladder.

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Mortgage approvals rise but market remains difficult

1st May 2024

The number of net mortgage approvals rose in April, reaching its highest level since September 2022. However, the market remains difficult for borrowers.

The number of net mortgage approvals rose in April, reaching its highest level since September 2022.

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