MoneySavingExpert News

July

Mortgage prisoner review launched amid concerns even MORE homeowners could be trapped on expensive rates

More homeowners than previously thought could be trapped on expensive mortgage rates and unable to switch, the Financial Conduct Authority (FCA) has admitted.

26 July 2021

Plans for bailiffs to be self-regulated revealed but Martin Lewis warns compulsory regulation that all firms must follow is needed

Plans for bailiffs in England and Wales to be self-regulated have been put forward by the Centre for Social Justice in a bid to better protect people in debt. But Martin Lewis, founder of MoneySavingExpert.com, warns that the industry-funded body doesn't go far enough, saying that every bailiff firm needs to be "tightly and independently" regulated.

26 July 2021

Tesco Bank to close its 213,000 current accounts in November – here's what it means for you

Tesco Bank has announced it will close all existing current accounts on 30 November 2021

26 July 2021

Energy price cap could be extended beyond 2023 and households given personalised switching advice under new Government plans

The energy price cap, which limits how much suppliers can charge households on poor value standard variable tariffs (SVTs), could be extended beyond 2023, while households on those tariffs will be given personalised switching advice, under new plans announced by the Government today.

23 July 2021

Is your bank's customer service a pleasant or peasant experience? See how your bank fared in our latest poll

Challenger bank Starling has taken the crown in our latest banking customer service poll, with digital rival Monzo coming a close second and former champion First Direct knocked into third place.

23 July 2021

Martin Lewis explains the financial help you can get if you've been 'pinged' and told to self-isolate by the Covid app or NHS Test & Trace

Over 600,000 people in England and Wales were 'pinged' and told to self-isolate by the NHS Covid-19 app between 8 and 14 July, new figures show. If you're one of them, there's a range of financial support you could get.

22 July 2021

Royal Mail warns of delivery delays across 10 areas as workforce hit by Covid-19 absences - here's the full list of postcodes affected

Royal Mail has warned that households in 10 areas of England, including Blackpool and Worthing, could face delays to to both parcel and letter deliveries as staff members have been forced to self-isolate due to Covid-19. Here's what you need to know and what you can do if you're facing delays.

22 July 2021

Plans revealed to modernise Lasting Power of Attorneys making the system faster and more accessible

The legal process for people to nominate a trusted friend or relative to look after their affairs if they lose the capacity to do so could be made quicker, simpler and easier to access under new Government proposals.

21 July 2021

First ever sub-1% five-year mortgage fix launched by Nationwide – check if you can take advantage of record low rates

Nationwide's deal is another reminder of the fierce competition between lenders – there's no better time to check if you could save £1,000s on your mortgage

21 July 2021

Eight-week ombudsman referral wait could be halved under new Government plans - something MSE has long campaigned for

An eight-week wait to refer complaints to ombudsmen and alternative dispute resolution schemes could be halved under new Government proposals. The outdated rule is something MoneySavingExpert.com has campaigned to reduce since 2017.

20 July 2021