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Probate fee hike ditched by Government - but plan could be revisited after el...

Proposals to drastically raise the cost of sorting out someone's property, money and possessions after they've died have been ditched - but the controversial plans could resurface after the general election.

MoneySavingExpert.com reported earlier this month how thousands of people would be hit by a steep increase in probate charges later this year, with some facing fees of 20,000.

However, the move has been put on the back burner following the confirmation this week that a snap election will be held on 8 June.


Car insurance premiums soar 8% in a year - don't just auto-renew

Motor insurance premiums have risen 8% since the first quarter of 2016, taking them to their highest level since 2012, the industry has warned.

The Association of British Insurers (ABI) says "cost pressures" including whiplash claims, Insurance Premium Tax, rising repair bills and the changes to the 'discount rate' (which determines how accident compensation is calculated) have seen the average premium rise by 34 a year to reach 462.

And it's warning that costs are likely to rise further this year as insurers face bigger payouts to those seriously injured in road accidents, and Insurance Premium Tax rises from 10% to 12 % in June.


YBS wades in on mortgage price war with lowest rate EVER of 0.89%

Yorkshire Building Society has taken the lead in the race to offer the lowest mortgage rate after cutting its two-year deal to a head-turning 0.89% but you'll need a hefty deposit to qualify and the lender could decide to increase the rate during the term.

Competition between mortgage lenders has been hotting up over recent weeks, with Atom Bank this week pulling its eye-catching 1.29% five-year fixed-rate mortgage after it had only been on the market for a week, due to "huge demand".

Now another lender has entered the fray in the form of Yorkshire Building Society (YBS), which has today sliced its two-year discounted standard variable rate (SVR) to just 0.89%. However, it's unlikely the deal will be available for long, so you'll have to be quick if you're interested in snapping it up.


Tough new penalties for speeding to be rolled out next week

Motorists caught driving well over the speed limit will be slapped with fines of up to 175% of their weekly income once new sentencing guidelines are rolled out next week.

In a move designed to make dangerous drivers "think twice", the Sentencing Council's tougher new penalties for serious speeding offences, which come into effect on Monday 24 April, will replace the existing level of 100% of an offender's weekly pay.

A motorist earning an average salary of 27,000/year could be fined up to 730 for driving way over the speed limit. But fines will be capped at 1,000 or 2,500 if you're clocked on a motorway.


Register by May 22 to vote in general election - act now if not on electoral ...

Anyone planning to vote in June's general election who isn't yet on the electoral roll has only until Monday 22 May to register.

Prime Minister Theresa May's surprise call for a general election yesterday was overwhelmingly approved by MPs in a House of Commons vote this afternoon, meaning the UK will go to the polls in just seven weeks' time.

You're eligible to vote in the 8 June general election if:


Atom to pull record 1.29% five-year mortgage fix

New bank Atom will tonight pull its headline-grabbing five-year fixed-rate mortgage due to "huge demand".

The 1.29% rate with a 900 fee for those who borrow a maximum 60% of their property value is the cheapest-ever five-year fixed-rate mortgage by a considerable margin. The next best is about 1.7% for borrowing the same proportion of your property's value.

Atom will officially axe it at 11.59pm tonight but as the deal is only available via selected brokers it will now be unattainable for most, given there were only a couple of hours of the working day remaining at time of publication.


Small supplier Bulb cuts energy tariff thanks to 'LOWER wholesale costs'

Renewable energy supplier Bulb will be reducing its variable dual fuel tariff by about 3% next week, with the firm claiming a recent drop in wholesale costs has led to the 30/year average discount.

The small supplier will cut the cost of its 100% renewable gas and electricity variable tariff (the only tariff it offers) for its tens of thousands of customers on Monday 24 April.

The average Bulb customer pays around 1,000/year, meaning the 3% reduction will net a 30/year saving.


Mortgage price war: 1.29% FIVE year fix

It sounds ridiculously cheap, and indeed Atom Bank's new 1.29% 5yr fixed mortgage is - for those who can get it. Not everyone can, as you can't borrow more than 60% of your home's value (it rises to 1.99% if borrowing 90%), and it's so cheap it could be pulled at any moment. Yet it's indicative of the huge competition at every level, and is forcing others to slice rates to compete.

It's no wonder we're hearing of huge savings. JM emailed: "Read your guide, remortgaged, SAVING 200/mth [2,400/yr]. Delighted." And MC said: "Followed your remortgaging help, will now be able to repay my mortgage 10 years early and SAVE 55,000 in repayments. Thank you."

So EVERYONE check if you can save 100s or 1,000s remortgaging. Here's the key info...

1. Check your credit file (for free). A bad credit report or credit file error can kill applications. So check yours ASAP, as it can take time to improve it. Get your totally free Experian Credit Report by joining the free MSE Credit Club, which also shows your credit score and Credit Hit Rate, plus how to boost them.

More lenders use Experian than any other credit reference agency, but it's worth checking your Equifax and Callcredit reports too - for how to get 'em free, see free credit reports.


Smaller energy firms still top for customer service, MSE poll finds - but the...

Smaller energy suppliers are continuing to outperform the big six when it comes to customer service, a new poll of MoneySavingExpert.com users reveals, despite those at the bottom of the table significantly upping their game in the past six months.

Gas-only supplier Zog Energy has been ranked best for customer service for the third time running, while Ovo Energy, in second place, maintains its long-standing position at the top of our rankings.

Flow Energy, First Utility and British Gas-run Sainsbury's Energy round out the rest of the top five, with many of the larger firms apparently struggling to provide their massive customer bases with great customer service.


Vodafone unveils free roaming for new contracts but soon everyone will have...

Vodafone has launched free roaming in 40 destinations for new and upgrading customers – but free roaming will be compulsory across the EU from 15 June anyway, so for most it won't be worth signing up to a new contract for.

Under its new 'Global Roaming' policy, customers taking out a new contract with Vodafone will be allowed to use their allowance of minutes, texts and data abroad in 40 countries in and around Europe, including some non-EU destinations such as Turkey and the Channel Islands.

However, all networks that operate within the EU will no longer be permitted to charge customers extra for mobile roaming services in any of the 28 EU countries from 15 June (this will be rolled out to non-EU countries Iceland, Liechtenstein and Norway soon after) – and consumers WON'T have to take out new contracts to benefit from this.



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UK Investment Finance Credit - Google News
Google News

Is China Heading for New Financial Crisis? - Morningstar

Is China Heading for New Financial Crisis?
Morningstar
He points to data compiled by the Bank for International Settlements, which shows that the private sector non-financial debt service ratio has risen close to 20%, similar to the levels reached in Europe and the US at the height of their credit bubbles ...

and more »

Why Italy's economy is about to collapse - The Independent

The Independent

Why Italy's economy is about to collapse
The Independent
Once its strength, Italy's smaller enterprises have contracted as a result of low sales, declining profitability and lack of financing. Italy has a current account ... Unlike counterparts in the UK and US, Italian banks have been unwilling or unable to ...


MOVES-Goldman hires investment banker Kamo from Credit Suisse - Yahoo Finance UK

MOVES-Goldman hires investment banker Kamo from Credit Suisse
Yahoo Finance UK
Kamo, who helped lead a new sell-side M&A effort at Credit Suisse, will join the New York-based bank in June, the people said. Kamo will join the Financial Sponsors M&A group and report to global head of sponsors M&A Stephanie Cohen, one of the people ...

and more »

Phone Tracking, Nude Selfie IOUs See Chinese Bare All for Credit - Yahoo Fina...

Yahoo Finance UK

Phone Tracking, Nude Selfie IOUs See Chinese Bare All for Credit
Yahoo Finance UK
"Chinese people have no issue handing over their personal data, giving you their credit card number, giving you their bank account," said GGV Capital's Shanghai-based managing partner Jenny Lee, whose Silicon Valley venture capital firm has invested in ...

and more »

UK insurers seek solid returns in infrastructure - Financial Times

Financial Times

UK insurers seek solid returns in infrastructure
Financial Times
?There are not an awful lot of options for pension funds and insurance companies. Infrastructure credit is the ideal asset to back long-term liabilities?. PIC's investments in the super sewer stretch out as far as 2054 and offer yields of 1 per cent ...

and more »

Credit control platform Satago closes ?4.6m investment - Startups.co.uk

Startups.co.uk

Credit control platform Satago closes ?4.6m investment
Startups.co.uk
The start-up claims that 1,000 small businesses have signed up to the platform to date and says it is able to finance up to 50,000 per client ? from 500. The funding, which comprises of an initial 3m credit line and an equity investment of 1.6m ...

and more »

Treasuries Tumble as U.K. Polls Curb Demand for Safest Assets - Bloomberg

Financial Post

Treasuries Tumble as U.K. Polls Curb Demand for Safest Assets
Bloomberg
The Stoxx Europe 600 Index jumped 3.3 percent at 6:06 a.m. in New York, for a second consecutive gain, with banks, financial-services companies and insurers leading the charge. All major western-European markets climbed, with the U.K.'s benchmark FTSE ...
Markets around the world are surging as polls reveal the tide is turning against BrexitFinancial Post

all 11 news articles »

Could Britain's exit from European Union be watershed for global economy? - F...

Firstpost

Could Britain's exit from European Union be watershed for global economy?
Firstpost
Some, like outgoing Finnish Finance Minister Alexander Stubb, compare Brexit to the 2008 collapse of U.S. investment bank Lehman Brothers, which spread financial ruin across the globe. Or, it could be more like Y2K, in which ... Faced with churning ...
Brexit weighs on global marketsThe Sydney Morning Herald

all 1,592 news articles »

How Goldman Sachs became embroiled in claims they duped Libyan officials - Da...

Daily Mail

How Goldman Sachs became embroiled in claims they duped Libyan officials
Daily Mail
Tomorrow, this Master of the Universe will be attending an important conference, where a collection of high-powered men in bespoke suits will swap business cards and discuss complex financial transactions. But tonight, it's time to party and the ...

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Brexit could cause total ruin for Britain's banks - Yahoo Finance UK

Yahoo Finance UK

Brexit could cause total ruin for Britain's banks
Yahoo Finance UK
Bernstein also adds that in terms of investment banking, UK banks would get slammed in the event of Brexit. Revenues, it argues, are already dropping, and could fall by as much as 30% in the near term after a Brexit. Mortgage income would also tank ...

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