Breaking UK News: personal finance news, mortgages, pensions, tax, personal loans, money, isa, savings, credit cards

Almost half of Zopa personal loans repaid early - Wed, 29 Feb, 2012
Peer-to-peer lending site Zopa has announced that 45 per cent of the personal loans given out by its lenders so far have been repaid early without the borrower incurring any additional fees. Unlike t [more]
Mobile payments to become as easy as texting - Tue, 28 Feb, 2012
The Payments Council has said that a project it is working on should mean that making payments via mobiles will soon be as easy as sending a text. The council is in the process of creating a central [more]
Inquiry launched into payday loans - Mon, 27 Feb, 2012
The Office of Fair Trading (OFT) has launched an investigation into payday loans. The OFT will look into allegations that payday personal loan lenders prey on those who are vulnerable, such as jobsee [more]
Call for banks to be clearer on overseas fees - Fri, 24 Feb, 2012
Consumer group Which? is calling for clarity from banks after finding that some charge “exorbitant fees” for transactions carried out abroad. In addition, it found that these fees are oft [more]
Personal injury claims pushing up car insurance costs - Thu, 23 Feb, 2012
Legal fees caused by personal injury and whiplash claims are costing UK motorists up to £2.4 million a day in inflated car insurance costs, according to a new report. According to the study fro [more]
ISA deadline approaching - Wed, 22 Feb, 2012
UK savers are being warned that this year’s ISA deadline is approaching so they need to act fast. There is just over a month to take advantage of the tax-free savings allowance by putting money [more]
RBS and Natwest launch business banking app - Tue, 21 Feb, 2012
RBS and NatWest have this week launched a new business banking app. The app is available for iPads, iPhones and iPod Touches and can be downloaded from the iTunes App Store. The technology allows bus [more]
Barclays launches contactless payment system - Mon, 20 Feb, 2012
Barclays has launched Europe’s first service for sending money by mobile phone. Using Pingit, customers will be able to send and receive money between bank accounts just by using their phone. [more]
Fall in inflation good news for savers - Fri, 17 Feb, 2012
New analysis has found that the fall in inflation offers some good news for savers. Inflation figures released earlier this week revealed that the Consumer Price Index fell from 4.2 per cent to 3.6 p [more]
Debt consolidation on the increase - Thu, 16 Feb, 2012
The use of debt consolidation personal loans is on the rise in the UK, new research has suggested. Sainsbury’s Loans estimates that around a third of personal loans taken out between January a [more]
Householders taking in lodgers to help pay off credit cards and personal loans - Wed, 15 Feb, 2012
There was a sharp rise in the number of homeowners renting out rooms to boost income in January, new figures show. According to the research from spareroom.co.uk, there is now a record number of lodg [more]
Halifax launches Junior ISA savings account - Tue, 14 Feb, 2012
Halifax has launched a new Junior ISA savings account which has a potential maximum rate of up to six per cent. However, there is something of a catch. In order to get the six per cent rate, parents [more]
Sat nav tracking to determine car insurance premiums - Mon, 13 Feb, 2012
The AA is set to launch a new system which it says will bring the cost of car insurance down for safe drivers. Car owners will need to install a small tracking device in their vehicle which will moni [more]
Brits compulsively checking online banking - Fri, 10 Feb, 2012
Financial worries and concerns about the economy are leading to a culture of compulsive checking of online banking, new research has suggested. According to a study from Halifax, almost 10 per cent o [more]
Personal loan rates still falling - Thu, 9 Feb, 2012
New data from the Bank of England has revealed that personal loan borrowing fell in December, despite the fact that personal loan rates remain competitive. According to the Bank of England figures, t [more]
Sainsbury’s launches new car insurance deal - Wed, 8 Feb, 2012
Sainsbury’s has launched a new car insurance deal which it says motorists will find hard to beat. New car insurance customers who take out a policy before 9 April could save up to £293 pe [more]
Credit card demand falling - Tue, 7 Feb, 2012
New research has suggested that demand for payday loans is starting to overtake credit cards. The report from PricewaterhouseCoopers (PwC) found that credit cards are facing something of a ‘mi [more]
UK borrowers chipping away at debt - Mon, 6 Feb, 2012
Families in the UK are gradually trying to pay off debts but not getting very far very fast, a new research report has suggested. The Precious Plastic report from PricewaterhouseCoopers (PwC) found t [more]
Brits warned about online banking password security - Fri, 3 Feb, 2012
UK consumers are being warned to be more careful with their online banking passwords. A survey from esure home insurance found that 76 per cent of Brits use the same password for a number of accounts [more]
Flexible income drawdown route can reduce inheritance tax liabilities - Thu, 2 Feb, 2012
Making use of the flexible income drawdown route can help reduce inheritance tax liabilities for pensioners, an investment specialist has said. According to Skandia, this approach, which allows saver [more]
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