Interest rates predicted to rise, what action should you take now?

Interest rates predicted to rise, what action should you take now 150pxAfter six years at an all-time low, the Governor of the Bank of England, Mark Carney, has suggested that interest rates could rise before the end of the year. Over the past few years we’ve all grown used to low interest rates; mortgage holders have enjoyed them, whilst savers have had to endure considerable pain. So with an interest rate rise predicted what action should you take? Mortgage borrowers If you have a tracker rate mortgage As the name suggests, the interest rate ...

Osborne to extend Funding for Lending Scheme

Savers suffer as savings accounts are withdrawn_istockphotoThe Chancellor, George Osborne, may be looking to extend the Funding for Lending Scheme (FLS), after pressure from the International Monetary Fund (IMF) over his austerity plans. The existing FLS is due to come to an end at the start of 2014, however an announcement about the possible extension of the scheme is expected before the IMF are due to visit next month. Since the FLS was introduced in August last year, many financial experts have questioned its effectiveness; ...

SIPPs: Why are interest rates on SIPP deposit accounts falling?

The interest rates on SIPP deposit accounts have been falling for a few weeks now, although the downward trend has gathered momentum over the past few days. We all know that Bank of England base rate has been stuck at 0.5% for over three years now, but just what is causing the recent reductions in SIPP deposit account interest rates? Swap rates Need advice on your SIPP?...

Financial makeover: 6 tips for your personal finances

6 tips for your personal finances Many of us feel that our personal finances could do with some attention, but where to start? What’s most important? Which areas of your finances need a makeover? Based on the clients we see and the enquiries we get, we’ve put together a list of six tips to help you improve your personal finances. We’d love to hear your thoughts, please leave any comments as well as your own financial tips at the bottom of this article. 1.    Standard Variable Rate ...