Category Archives: Finance

Housing market could move closer to normality as stamp duty threshold halves

The “nil rate” stamp duty threshold has been halved, in what could be the start of more normal levels of activity returning to the market. With the threshold having now fallen from £500,000 to £250,000 in England and Northern Ireland buyers who missed Wednesday’s deadline could end up paying thousands of pounds more than they […]

Third of people ‘have low or no confidence in their financial abilities’

More than a third (35%) of people have low or no confidence in their financial abilities, a survey has found. Financial jargon and complex terminology leave 30% of people finding financial products and services confusing, according to TSB’s money confidence barometer. People who lack confidence in their finances could be missing out on seeing their […]

Monzo warned over failure to provide statements for 143,000 ex-customers

Monzo has been issued with a formal warning after breaching banking rules by not providing bank statements to 143,000 former customers. The Competition and Markets Authority (CMA) has also written to Bank of Ireland NatWest and Virgin Money reminding them of banking rules which state that any customer or small business closing an account must […]

Homebuyers racing to beat stamp duty holiday ‘should beware of negative equity’

HOMEBUYERS racing to beat the stamp duty holiday should beware of falling into negative equity, experts warn. Property prices have soared with 95 per cent mortgages on offer. 1 Homebuyers racing to beat stamp duty holiday should beware of negative equityCredit: Alamy But values could fall when the tax break ends this month. Two in […]