May 2023

Around 18,000 Good Energy and Ovo Energy customers have been, or are to be, refunded and offered compensation after the energy firms were found to have charged some users more than the maximum rates allowed. 

Private renters in England will be able to take complaints to a new ombudsman under plans outlined in a new Bill introduced to Parliament today. MoneySavingExpert.com founder Martin Lewis said the change has been "long-needed" though renters won't be able to benefit from it just yet. 

Intelligent Finance will close all of its existing current accounts by the end of the year, parent company Lloyds Banking Group has confirmed. But savings and mortgage customers aren't affected.

Homebuyers can now use regular Netflix, Spotify and council tax payments to increase their chances of getting accepted for a Leeds Building Society mortgage. The lender has become the first in the UK to start using payment data recorded on Experian Boost when considering home loan applications.

The Bank of England has increased the base rate from 4.25% to 4.5% taking it to its highest level since 2008. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.

Over £15 million worth of unused Clubcard vouchers, belonging to over three million customers, are set to expire at the end of the month – and now is a good time to use them while you can still triple their value. Or, if you'd rather hang on to them, we've also got a trick to extend their validity (though they'll be worth less from 14 June).

If you're a student starting university in England this September, there are three MAJOR changes to student finance you need to know about. MoneySavingExpert.com founder Martin Lewis explains what's happening in his latest 'Wallet Wednesday' on ITV's Good Morning Britain.

Renters struggling to save for a deposit can now get a 100% mortgage from Skipton Building Society. It's the first no-deposit deal – that doesn't require a guarantor's backing – to launch in the UK since 2008, and MoneySavingExpert.com founder Martin Lewis says it could be a "sensible" option for some. We explain who can get it, how it works and the risks you need to watch out for below.

Social media users will be able to report scams with just one-click under new measures announced by the Government today. Banks will also be allowed to delay payments they believe to be suspicious, while cold calls on all financial products will be banned as part of a host of new measures designed to help tackle fraud.