When a fixed term comes to an end then a borrower reverts automatically to their lender’s standard variable rate (SVR). But brokers say these SVRs have soared, meaning anyone who adopts a wait and see approach would see a massive jump in the rate they pay, and therefore a much higher monthly mortgage bill.
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Germany warns on gas supply over Russia payment row
admin, , Business, 0
If Germany was forced to ration gas, households and emergency services, such as hospitals, would get priority. This would...
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Mortgage rates: Six reasons why the pain isn’t as bad as it could be
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First-time buyers too are open to changing their plans. At the Treasury Committee hearing in the Commons earlier in...
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Warning over border delays when new checks kick in
admin, , Business, 0
From 1 July extra checks on agricultural and food imports from the EU will take place at ports around...
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Three questions Liz Truss and Rishi Sunak must answer
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For a few months last year, Prime Minister Boris Johnson’s key message was that Britain deserved a pay rise....
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Sexism in City still ‘shocking’, report finds
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Frances Coppola, an independent market commentator, said during her previous career in the City, where she worked in finance...
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Pay: Firms fight back with counteroffers to keep staff
admin, , Business, 0
“While pay is often the most typical focus of a counteroffer, there are other things employers should consider in...
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National Insurance calculator: What will I pay and how is tax changing?
admin, , Business, 0
Image source, Getty Images National Insurance payments are being cut for millions of employees from Saturday. However, other changes...
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Petrol retailers told to pass on fuel duty cut
admin, , Business, 0
The RAC believes that supermarkets often wait for long sustained drops in wholesale prices before they cut their forecourt...
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