Borrowing

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.

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. 

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.

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. 

Sainsbury's Bank has brought in strict new lending restrictions which mean it is no longer issuing new credit cards or loans to anyone who's self-employed, MoneySavingExpert.com can reveal. 

People struggling with serious debt could be given up to six-week's grace from further interest, charges and enforcement action, under plans unveiled today.

Tesco Bank has launched the new lowest five-year fixed-rate mortgage on the market – at 1.68% with a £995 fee if you borrow 60% of your home's value when you remortgage.

Sainsbury's Bank has today launched a loan charging a super-low 2.8% representative APR – making it the first sub-3% standard personal loan on the market.

The financial watchdog has raised concerns that debt management companies are not carrying out thorough annual reviews – meaning some customers are not benefiting from repayment plans appropriate to their financial situations.

We always tell you about top deals but this week we're focusing on those that also pay you to grab them. We're not suggesting you get all of these but in total there's £300+ worth of free cash and vouchers, which shows the breadth out there.