Thousands of people across the UK have purchased new homes to take advantage of the Government’s Stamp Duty Land Tax (SDLT) holiday, but Legal & General Mortgage Club has warned a backlog in the sales and mortgage process means that sales need to be completed quickly. The SDLT holiday announced earlier this year, ends in March…

National Savings & Investments (NS&I) has announced that it intends to dramatically cut the interest it pays on many of its savings accounts in November. At the same time, NS&I Premium Bond holders will also see their chances of winning a prize reduced from December. The latest announcement is disappointing to many savers who have…

It is believed that thousands of homeowners in the UK could be trapped in poor mortgage deals due to changes to the affordability rules brought in during the last financial crisis. Often referred to as mortgage prisoners, these homeowners have found, that despite generally keeping up with repayments, they are no longer eligible for many…

New research from Money.co.uk suggests that as many as one in four workers have increased or decreased payments into their pensions due to the Coronavirus Pandemic. Those in the financial sector were most likely to have increased their pension contributions, according to the study, with 25 per cent of those working in this sector having…

The minimum age for private pension withdrawals will increase from 55 to 57 in 2028, according to the Treasury. The pension freedom reforms introduced by former Chancellor George Osborne have allowed pension holders to access their savings pots at 55 before the State Pension retirement age, which is currently 65. Under the current rules, pension…

A new report from Fidelity International has found that women tend to save and invest, on average, far less than their male counterparts when preparing for their retirement. Their findings also show that 21 per cent of men aged between 18 and 34 years old have sought help from a financial adviser, compared to just…