Rupert Jones
Deputy Editor at The Guardian
I'm a personal finance correspondent for the Guardian, and an obsessive gig, cinema and theatre goer
Articles
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1 week ago |
theguardian.com | Rupert Jones
The Bank of England has cut interest rates from 4.5% to 4.25%. It follows two interest rate cuts in the second half of last year, and another one in February this year. Will my mortgage get cheaper? For the vast majority of borrowers, the answer is no: more than 7.1 million (85%) of the UK’s 8.4 million existing residential mortgages are on a fixed rate, which means their monthly repayments will stay the same.
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1 week ago |
theguardian.com | Rupert Jones
A one-of-a-kind mortgage offering a major financial perk – no repayments for the first three months – has been launched in the UK. The deal, unveiled by Skipton Building Society, is the latest innovation aimed at cash-strapped first-time buyers and is designed to provide them with a bit of breathing space as they settle into their new property.
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1 week ago |
theguardian.com | Rupert Jones
Britain’s savers are being urged to “act now” to take advantage of the best rates before they start falling. With a Bank of England interest rate cut on Thursday considered a near-certainty, experts cautioned against “apathy” and said there were still competitive products available for those looking for a better deal on their savings. Competition between providers means is it still possible to obtain easy access and fixed-rate savings accounts paying more than 4.5%.
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1 week ago |
theguardian.com | Rupert Jones
HM Revenue and Customs has come under fire for taking more than four months to process tax refunds owed to some individuals and businesses that accountants say used to take a maximum of a few weeks. The reported delays coincide with anger over a separate HMRC announcement that it is shutting a free-to-use online filing service used by some small businesses.
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2 weeks ago |
theguardian.com | Rupert Jones
A rush to get property purchases over the line before last month’s stamp duty rise saw UK mortgage lending hit a four-year high in March, official data shows. Bank of England figures show that the then-imminent changes to stamp duty in England and Northern Ireland triggered a 290% surge in mortgage borrowing. Separately, Lloyds Banking Group, one of Britain’s biggest home loan providers, reported that 27 March was its busiest day ever for mortgage lending.
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