At last, after months of waiting, the high court has finally made a judgement on the bank charges test case between the OFT and the UK’s biggest banks. However, while the OFT did emerge victorious, the battle is far from over. Find out where you stand and what the decision means for the future of banking in Britain in my round up of events.
It’s been another tough week for borrowers – this time landlords as lenders look to tighten their lending criteria and up their rates on buy-to-let mortgages. The doors haven’t been closed altogether though, so if you’ve got an investment property find out where you stand with our update.
As the credit crunch grinds on, we’d like to know how the crisis is affecting you. Are you re-thinking your spending for the year in the face of rising costs, or are you a first time buyer waiting for house prices to fall? Alternatively, do you think it’s a storm in a tea cup, exacerbated by a media that thrives on bad news? Whatever your view, we’d like to know what you think and so we’ve launched the first Moneywise.co.uk blogging competition. A prize of £500 will go to the writer of the winning blog.
While there’s little to cheer borrowers at the moment, the good news is that there has never been a better time to save – with some banks choosing not to pass on April’s base rate cut to savers. Check out our savings round up and see if your money is working as hard as it should. The new tax year and the introduction of new, more flexible ISA rules also bring fresh opportunities. Sonia Speedy takes a look at the changes and finds out how they can give your savings plan a significant boost.
Finally, we’d like to know more about what you think about Moneywise.co.uk to ensure we’re providing you with all the financial information you need. Spare a few minutes to complete our survey and you could be in with a chance of winning £250.
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