When a fixed term comes to an end then a borrower reverts automatically to their lender’s standard variable rate (SVR). But brokers say these SVRs have soared, meaning anyone who adopts a wait and see approach would see a massive jump in the rate they pay, and therefore a much higher monthly mortgage bill.
Clarity was founded in 1854 by a wealthy blind woman, Elizabeth Gilbert, as the Association for Promoting the General...
“The reality is most of the companies, if not all of them that have sadly failed, have done so...
The prediction from analysts comes as the government scales back its two-year promise to cap bills.
The RAC, which has criticised supermarkets and petrol retailers over pricing, said petrol falling to £1.43 on average –...
“The Russia-Ukraine war has added further fuel to the blazing rate of inflation via higher energy, food, and commodity...
But many charities want action to be taken sooner, arguing that many consumers could be pushed into borrowing more...
Mr Josephs, which sells fruit and vegetables to businesses such as restaurants, said that before Christmas he had about...
It’s about more than just tweaking numbers. It’ll give us some idea of who might get a pay cut,...
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