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In today’s newsletter: Rising inflation and interest rates mean real pain for homeowners – with few signs of relief on the waySign up here for our daily newsletter, First EditionGood morning. Some call it a catastrophe. Others prefer crisis, “ticking t…
Borrowers who made a short-term choice after the 2008 banking crisis were lucky – current borrowers have been equally unluckyAs mortgage lending rates surge to levels not seen since the banking crisis, some borrowers are wondering whether there is some…
Comments come as data shows average two-year fixed rate rises to 6.07%, and five-year to 5.72%Business live – latest updatesThe consumer champion Martin Lewis has said the mortgage “ticking timebomb” he warned the UK government about last year has “exp…
Report finds that raising minimum energy efficiency standards by 2030 could have huge impact beyond billsFixing Britain’s draughty homes could add almost £40bn to the economy by the end of the decade by cutting energy use and improving health, accordin…
Prime minister says no new support available for households struggling to pay loans Business live – latest updatesRishi Sunak has ruled out extra help for UK homeowners struggling to pay soaring mortgage costs, as the average two-year fixed-rate loan r…
C of E clergy and lay staff represented by Unite ask for 9.5% increase in first ever claim Church of England vicars have become the latest group of workers to demand a pay rise in the face of the cost of living crisis, as Unite’s general secretary, Sha…
Former social worker now helping in Kherson says her account was closed after missing a text messageA retired social worker who has spent the past year doing humanitarian work across Ukraine – frequently dodging missiles and other attacks – was left wi…
Members in marginal seats fear Conservative party leaders have not understood the impact of rate risesTory MPs in marginal seats are already sounding the alarm over an “interest rate catastrophe”, amid claims that the party has not understood the impac…
The midweek inflation bulletin could be the most significant piece of government data published this yearThis Wednesday will mark the longest day of the year and not long after the sun comes up the Office for National Statistics (ONS) will publish its …
More than 2.4m deals are ending in 2024, raising fears of financial timebombMore than a quarter of UK homeowners on a fixed-rate mortgage are heading for sharp increase in monthly payments before the next election, in a financial timebomb that will roc…