Borrowing
Buy now pay later regulation confirmed - but Martin Lewis warns that action is 'far too slow'
Plans on how buy now, pay later services will be regulated have today (20 June) been announced by the Government. But MoneySavingExpert.com (MSE) founder Martin Lewis warns that legislation is taking "far too long" to take force with borrowers being left unprotected during the cost of living crisis.
20 June 2022
Financial watchdog tells lenders to treat borrowers better as the cost of living crisis worsens - here's all you need to know
Lenders must make sure they're meeting customers' needs as more people are turning to borrowing as the cost of living rises, the Financial Conduct Authority (FCA) says. The regulator has written to 3,500 lenders to remind them of the standards they should meet.
16 June 2022
Two in five borrow from credit cards, overdrafts or family and friends to pay off buy now, pay later purchases
More than half of 18 to 34-year-olds are borrowing money to help pay off their buy now, pay later debt (BNPL), according to research from charity Citizens Advice. If you're struggling to pay what you owe, we've things to try to see if they help.
8 June 2022
Over 30,000 247MoneyBox borrowers to receive redress for mis-sold loans this week – but they’ll get back less than 10% of what they’re owed
Over 30,000 247MoneyBox borrowers, who were mis-sold payday loans they couldn't afford, are to receive refunds of some of the interest and fees they were charged by this Friday (15 April). But they'll get back less than 10% of what they are owed.
14 April 2022
Bank of England base rate jumps to 0.5% – what the rise means for you
The rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.
15 February 2022
Martin's debt costs masterclass: Can't afford to clear your debt? You can't afford not to move it to up to 35mths at 0% saving £1,000s
So as it's January, we're in a cost of living crunch, and New Year debt bills are being received by millions, it's time for my annual interest-cutting masterclass.
18 January 2022
Five major events set to impact your personal finances in 2022 - and what to do about them
From the reintroduction of costly European roaming charges to new rules around car and home insurance - here's a quick breakdown of five key events and changes that are set to impact your finances in early 2022 and, more importantly, what to do about them.
6 January 2022
Zopa to close ALL investor accounts - what this means for you
Zopa has this week closed all of its 60,000 existing investor accounts. If you're an investor, you'll be able to access your money by 31 January 2022 at the latest. If you're a borrower, nothing is changing and you should carry on with your repayments as normal.
8 December 2021
How to borrow at 0%, ie, no cost (or as close to it as possible) – Martin Lewis's cards, loans, buy-now pay-later and overdrafts masterclass
Borrowing is dirt cheap right now, with the cheapest ever loan rates, the longest 0% spending card we've seen since mid 2020, and many more best buys.
30 November 2021
Beware using Klarna's new 'pay now' service – you will lose vital Section 75 protection
Shoppers in the UK who use Klarna's new 'pay now' function will lose vital consumer protection that they'd get if they simply paid using a credit card instead.
18 October 2021
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29 June 2022
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8 travel-money must-knows
Don't overpay to pay (ole!)
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Martin's energy need-to-knows
As bills set to rise by 52%
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New. Cheapest ever loans at 2.7%
If you NEED to borrow
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44 tips to be tight (in a good way)
Eg, use bulldog clips to eke out last toothpaste
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£50 two-week summer break
For teens - free if on a low income
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Blue Light Card discounts boosted
For NHS and emergency workers
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2for1 theme parks and attractions
Alton Towers, Thorpe Park and more
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Ground rent ban on new leases takes effect – what you need to know
30 June 2022![]()
Homebuyers who purchase a new leasehold property will no longer have to pay ground rent from today, as long-awaited legislation kicks in. The move could result in savings of £100s a year for homeowners – though new and existing leaseholders still need to beware the dangers of a short lease, as we explain below. -
Trying to open a Chase account? There's an up to five-week delay due to high demand - here's what you need to know
30 June 2022![]()
App-only bank Chase has admitted there are delays of up to five weeks for new customers attempting to open a current account due to high demand. It comes after Chase launched its easy-access savings account - with a then market-leading rate of 1.5% - in March. Here's what you need to know. -
Government orders UK airlines to cancel flights earlier rather than later to avoid further travel chaos? Here are your cancellation rights
30 June 2022![]()
Easyjet and Tui have become the latest airlines to cancel flights at the last minute leaving passengers in the lurch during the school half-term holidays. If your flight is cancelled, you're due an alternative or a full refund. Plus, if it's less than 14 days before departure you could be owed £100s in compensation on top - here's all you need to know. -
Shoppers unhappy as supermarket comparison site Trolley could be forced to close - here's what's happening
28 June 2022![]()
Supermarket price comparison site Trolley is on the brink of shutting down over licensing issues. If it closes, hundreds of thousands of users will no longer be able to use it to save money when grocery shopping - here's what's happening. -
Netflix confirms plans to launch cheaper service that plays ads - here's what we know
28 June 2022![]()
Netflix has confirmed it will introduce a cheaper subscription plan for its users that includes adverts. We don't have all the details yet but here's what we do know.
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Martin Lewis: The one thing everyone aged over 66 needs to know
17 June 2022![]()
It is a national tragedy that getting on for a million pensioners, many of whom have been paying into the system for years, are missing out on a critical boost to their income. It's called pension credit, and this year it also means you get an extra £650 to help with energy bills. -
Martin Lewis: What I asked the Chancellor to do when I spoke to him on Monday...
26 May 2022![]()
With the announcement of the Government's energy cost of living plans due out at lunchtime. I thought I'd speedily bash out a note down of what (from memory) I'd asked the Chancellor for when we spoke on Monday - and the other general suggestions I've been making. -
Martin Lewis: Got a cash ISA? You should probably ditch it
24 May 2022![]()
Press the rewind button and go way back to April 2015... Possibly on the telly in the corner of your living room, I was on-air at the time urging savers as usual to use their new tax-free cash ISA allowance – because 'money was nicer in an ISA'. But things changed in 2016. -
Martin Lewis: 'UO is just as important as UX: A tip for anyone developing their website or app'
6 May 2022![]()
I set up MoneySavingExpert.com nearly 20 years ago – when arguably the modern web was still in its infancy. With an abundance of self-belief (something I had too much of then, as I realise now) I decided not to read any books, or follow prevailing wisdom on how a site should operate – and just do it my way.
Clever ways to calculate your finances
