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Offset mortgages: are they making a post-Covid comeback?

Their heyday was the late 1990s and early 2000s, but since then they have fallen out of favour. However, offset mortgages appear to be making a comeback, with some brokers reporting increasing demand. They link your savings to your home loan, so a savings balance is used to reduce – or offset – the interest …

Black Pound Day: support black-led businesses and build a better future

Angelina Cummings’s Jamaican rum cake has been made by her family for generations, and she’s been baking her own version from her Sheffield kitchen for 20 years now. But it wasn’t until May 2020 that she and her husband started packaging it in slices to sell online. And the product sold like, well, hot cakes. …

Yorkshire building society savers to benefit from extra £16m in interest

With huge sums sitting in bank and building society savings accounts, this week there were some slivers of good news for those looking for a half-decent return on their money. Yorkshire building society said that almost 1.7 million customers would benefit from its decision to plough £16m into boosting interest rates for its savers. Savers …

Holidays abroad: many Britons plan to press on despite government advice

As recriminations continue over the UK government’s decision to remove Portugal from the travel green list, many Britons have decided to press ahead with overseas holiday plans, even if that means going against official advice. At 4.45pm on Sunday 6 June, Pont-Aven, one of Brittany Ferries’ flagship cruise liners, will leave Plymouth for Santander in …

First-time buyers in England offered new homes at up to 50% off

First-time buyers in England will be able to apply for a discount of up to 50% on a new-build home under a government scheme. The First Homes initiative could save buyers £100,000 or more. But some experts say that with demand for these cut-price homes likely to exceed supply, it could spark a scramble for …