Bank of Mum & Dad “needs financial advice”

Bank of Mum & Dad “needs financial advice”

32% of parents would value advice on how best to give money to children and would also like government support with guidance and tax breaks, according to new survey from Openwork. 62% of parents would welcome government-backed guidance on how to make gifts and loans,...
Fixed rate costs plunge from pre-lockdown levels

Fixed rate costs plunge from pre-lockdown levels

Average mortgage rates have fallen by as much as 0.51 percentage points in some product categories compared to the deals on offer before lockdown began. Figures from Moneyfacts show substantial reductions across many different fixed rate periods and loan-to-value...
Mortgage payment holidays and repossession ban extended

Mortgage payment holidays and repossession ban extended

Homeowners struggling to pay their mortgage because of coronavirus will be able to extend their repayment holidays by a further three months.   More than 1.8m payment breaks have been taken up since being offered in March, as part of measures designed to ease...