The Latest Breaking News from UK Finance

‘Purchase scams’ often pegged to big events, warns UK Finance’s annual fraud report

People looking to attend events such as the Olympics and Taylor Swift concerts could be targeted by scammers this year, UK Finance said.

Fellow peers were left struggling to work out if he was joking or not...

Chancellor hints at tax-free plan for budget as part of efforts to revive country’s stock market

Charity set up by Martin Lewis says up to 1.3m people forced to cut back on food, energy and even medicine

Around 5 million households have seen their mortgage interest rate change since the Bank of England base rate started to rise in late 2021. Over the course of the 2023 alone, the base rate increased from 3.5% to 5.25%, surpassing economists’ expectations and pushing mortgage rates to the highest levels…

But potential cuts to interest rates, as well as lower house prices in some locations, could provide house hunters with new opportunities.

Prices usually decrease at this time of year but fall is greater than 20-year average owing to high mortgage rates, says Rightmove

The outlook for next year was one of continuing challenges in the mortgage market, the trade association said.