UK mortgage interest rates will rise four times this year, markets predict

Investors believe Bank of England is likely to act amid sustained rise in inflation from Iran war

The Guardian
UK banks keep £100 limit for contactless card payments despite FCA scrapping it

Banking lobby group says lenders are holding off changes as there is no widespread consumer demand for now

The Guardian
New mortgages up by £800 a year amid ‘Trumpflation’ from Iran war

Nearly 700 deals pulled in two weeks and only a few fixed-rate products below 4% are available, says Moneyfacts

The Guardian
UK housing costs rise 41% over five years for renters and owners, study shows

Borrowers coming off fixed deals hit hard as Savills says big spike in interest payments made up half the overall rise

The Guardian
How will war in the Middle East affect your finances?

Surging energy prices and tumbling stock markets are threatening a new UK cost of living crisis

The Guardian
‘Convincing’ AI scams drove UK fraud cases to record 444,000 last year

Criminals using artificial intelligence tools to take over mobile, bank and online shopping accounts, says Cifas

The Guardian
British fintech Revolut gets full banking licence

Group lodged application in 2021 but had to overcome accounting issues and reputational concerns

The Guardian
Average UK mortgage rate tops 5% as lenders scurry to reprice loans amid Middle East crisis

More than 500 lending products pulled in biggest single upheaval since Liz Truss’s mini-budget in 2022

The Guardian
‘Mainly, you fast fooded’: Monzo under fire over ‘shaming’ year-end reviews

Bank criticised for tone of spending summaries, with one user complaining to ombudsman over ‘humiliating’ use of data

The Guardian
Premium bonds: odds of a win to get worse from April

Likelihood of winning to decrease after NS&I cut the proportion of the total invested amount paid out in prizes

The Guardian