BTL victory: West Brom BS 'unlawfully' hiked tracker mortgage rates despite no move in

Landlords who took West Bromwich Building Society to court after it raised tracker rates in December 2013 have won at appeal arguing the move was unlawful. Tracker mortgages are meant to rise and fall with any movement of the Bank of England base rate, which has been glued at 0.5 per cent since March 2009.

Pension investors can stash gold bullion bought from the Royal Mint in their retirement pots from today, the 1,000-year-old supplier has announced.

Travel insurance cover that's useless if your bag's pinched on the beach

Our tests show that three in five of the cheapest deals listed on comparison sites leave holidaymakers exposed to huge bills if they suffer the most common travel mishaps. Policies promoted as the 'best deals' typically contain stinging catches in the small print. Some pay out only a tiny amount if you suffer a serious injury abroad or if your bag is missing.

E034CW Waving flag of United Kingdon and EU

The figures, from the Bank of England, were seized on by the 'Remain' camp as evidence investors are increasingly worried about a Brexit.

Close up of a hand putting a bundle of cash in the back pocket of jeans.


Rates have tumbled for homebuyers who can only put down a deposit worth 5 per cent to 10 per cent of the value of the property. This is the most that many first-time buyers can afford.


The company has launched a gas and electricity tariff of just £749 a year - but if you are already a customer, you are not allowed to sign up.

Almost four million energy customers were overcharged £72 each last year, a total of £270 million, because of errors made by the energy providers.





FTSE LIVE: Footsie stays flat as China concerns, global growth downgrade offsets surprise

UPDATED By mid session, the FTSE 100 index was down 0.5 points at 6,284.0, above the day's low of 6,263.80, but below the peak of 6,291.00. European markets remained weaker, having seen stronger gains yesterday, with France's CAC 40 index down 0.3 per cent, and Germany's Dax 30 index off 0.4 per cent.

In a remarkable appearance before MPs today, Dominic Chappell (pictured outside Parliament this morning) was described by former BHS bosses as a 'Sunday pub league retailer'.

Washing machine.

The group, which sells washing machines and other appliances online, said pre-tax losses rose to £6.7million in the year to the end of March from £2.9million the previous year.

biggest trading losses.JPG

Jerome Kerviel was fired by Societe Generale in 2008 and jailed after racking up a record trading loss of £3.8bn at the bank. But the Frenchman won a claim for unfair dismissal at a tribunal in Paris.

A workman brazes a component of a Brompton folding bicycle in their factory in Brentford on November 13, 2012 in London, England.

Brompton is one of only two major bike frame manufacturers still based in the UK, creating all their folding bicycles in West London. The original Brompton patent was filed in 1979 by the inventor Andrew Ritchie and basic design remains largely unchanged. Each bike is comprised of over 1200 parts and takes approximately 6 hours to construct..  (Photo by Oli Scarff/Getty Images)

NEW UK manufacturing surprised analysts with the fastest rise in output in nearly four years - up 2.3 per cent between March and April - helping overall industrial production rise 2 per cent on the month.

File photo of a general view of a Sainsbury's supermarket on 2nd October 2013, as the store is creating up to 16,000 temporary jobs over the busy Christmas and New Year period. 

Embargoed to 0001 Wednesday November 13.
PRESS ASSOCIATION Photo. Issue date: Wednesday November 13, 2013. Around 2,000 posts are expected to be made permanent, the company announced. See PA story INDUSTRY Sainsbury. Photo credit should read: Chris Radburn/PA Wire

Britain's second biggest supermarket posted a 0.8 per cent decline in like-for-like sales excluding fuel for the 12 weeks to June 4, but that was slightly better than analysts' forecast for a 1.4 per cent drop.

Will the pound really plunge 20% if UK goes for Brexit (and should we care)?

The pound has strengthened against the dollar and euro today, as fresh polls put the Remain camp in poll position for the upcoming vote on 23 June. This comes just one day after sterling slumped against the same currencies amid three polls showing swelling report for the Leave camp. Certain analysts suggest today's upswing in sterling's strength was triggered by polls showing Britain is gravitating towards the Remain camp, including an an online YouGov survey for The Times and a telephone poll by ORB for the Daily Telegraph.

Somali-born British international track and field athlete Mo Farah looks on after coming 8th at the Virgin London Marathon in London, England. 

(Photo by Tom Dulat/Getty Images)

The best deal, with no withdrawal restrictions and no initial bonus - so your rate won't fall after 12 months - comes from Coventry BS's Easy Access Saver 2 at 1.15 per cent.

Coins on scrabble board game.


Money Mail research shows the best you can do on the new easy-access 'flexible Isa' deals is 1.11%, against 1.3% in the old-style accounts.

Telephone and internet scams have reached an all-time high - and three in four people say that in the last week they have received a landline call from a potential scammer.

The death of the tax disc in October 2014 was met with a huge dip in the amount of vehicle tax collected, according to figures obtained by a Freedom of Information request.

ASK TONY: Vandals trashed my car and my premium went up - despite my no claims

My car was vandalised and I claimed on my insurance. Now the renewal schedule shows a hike of £137.31 on the premium and an increase of £21.82 on the no-claims discount protection (NCD). I queried and was informed it is because of my claim and there being no third party to pursue. When I pointed out I have NCD protection, I was told this has kept my no-claims at the maximum nine years, but does not protect my premium.

C04G99 Old green round dial telephone

Cases of phone banking fraud doubled to 11,380 last year, costing banks and victims £32.3 million, according to Fraud Action UK. It registered 5,778 fraud cases in 2014, costing £16.8 million.


In the past few weeks, Zopa has revealed it will offer loans to people buying mobile phones. Peer-to-peer deals are risky because investors' money can be lost if the deal goes sour.

This means customers with Britain's biggest building society are unable to share the burden of helping loved ones do their shopping or pay bills - even with their sibling.

Dan Hyde, Daily Mail reporter for Money Mail

2016/01/18 Picture by Georgie Gillard

A few times in my 20s, I foolishly travelled without a policy. Never again. You only need to hear one awful tale of woe to realise it's £20 or so well spent.

Can I pay extra NI to top up my state pension to £155.65 a week?

Former Pensions Minister Steve Webb is This Is Money's Agony Uncle. He is ready to answer your questions, whether you are still saving, in the process of stopping work, or juggling your finances in retirement. This week, he replies to a reader who wants to bump up their state pension to the maximum weekly payout of £155.65.

Certain times of the year can prove more fruitful than others when it comes to selling your home, with one particular period preferred above most others - but when is it?

The report also claimed that property prices per square metre have risen by 432 per cent in Greater London against an average national increase of 251 per cent over the last 20 years.

Share dealing platform AJBell believes it is has become the first company to complete a live share trade using Facebook Messenger. It could roll out the service to customers if security proves robust.

Kate Thornton's Start-up Secrets: I'm helping frustrated consumers save money

One-time X factor presenter Kate Thornton has had her fair share of career setbacks - but she is passionate about her new role as editor-in-chief of cashback website Not only is she running the site, but plenty of her celebrity friends are pitching in too.

After putting Top Cat back on Britain's TV screens, banking giant Halifax has now revived the Flintstones too as it relaunches its £125 golden hello.

One in five homeowners are even considering moving home due to problems, such as vandalism, dumped rubbish, untidy gardens and buildings in disrepair, says Lloyds Bank.

Thirty one per cent of people in the ABC1 category, which includes professional and managerial workers, said a bill of that size would plunge them into debt, a new poll reveals.

I got a Benjamin Britten 50p coin, is it worth thousands of pounds?

A few days ago I received a Benjamin Britten 50p coin in my change. My dad told me to keep hold of it as they are rare and fetch quite a bit of money. I searched the coin on eBay and found some examples of the Benjamin Britten coin being listed for thousands of pounds. Have a hit a bit of good fortune, or is it a red herring?

How to claim compensation for a mis-sold paid-for current account for free

Banks have set aside £1billion to pay compensation to customers who were mis-sold paid-for current accounts. We've put together a handy guide to making a complaint and a letter template to fill out and send to your bank. Claims management firms may try to offer to do it for you, but they charge a fee and the process is very simple to complete yourself for free.

2014 World Cup ... Brazil
England fans after the  England vs  Costa Rica  match at the Minerao Stadium, Belo Horizonte, Brazil .

PICTURE  - MARK LARGE... 24.06.14

Research by Lloyds Bank showed that England's involvement in previous tournaments has led to a sharp rise in spending, which in turn helped the economy to grow.

WeFarm is a UK-based social enterprise using a simple idea to help farmers protect their livelihoods. It offers a free platform for them to ask questions and share their expertise with others.

Can you fall in love with the no-frills Dacia Duster SUV? We review it

Wing mirrors that have to be adjusted by hand; wind-down rear windows; no air-con: Our £10.500 Dacia Duster wasn't what we'd call luxurious. But does that mean it's worth avoiding or is a it a reason to join its fans and snap one up? We spent a week with the Duster to find out

BFMKHF Breastplate from the Palacio Real, Madrid

Laura Shannon exposes a hidden threat to one of the most powerful consumer rights that shoppers have in their financial armoury.

A sold sign in the window of a car in a showroom. New car sales dipped again last month and are set to continue to fall for the rest of the year according to the Society of Motor Manufacturers and Traders (SMMT). PRESS ASSOCIATION Photo. Issue date: Monday September 6, 2010. A total of 55,305 new cars were registered in August 2010 - 17.5% fewer than in the car scrappage-fuelled month of August 2009. The decline last month followed a fall in July this year - the first for 12 months. See PA story TRANSPORT Cars. Photo credit should read: David Cheskin/PA Wire

The car market is seen as a bellwether for economic optimism and the slowdown has been attributed to concerns around the current political and economic turmoil around Brexit.

Ocado sinks as grocers fear new internet threat and trend towards convenience stores

Data from Kantar Worldpanel shows Sainsbury's sales have declined 1.2 per cent while its market share has fallen to 16.2 per cent as Aldi and Lidl continue to gain popularity. And like Ocado it is facing upheaval from the threats posed by the rise of online shopping - with the market awash with rumours in recent months that Amazon may soon be able to stake its claim for a slice of business.


The comparison website, known for its opera singing star Gio Compario, may be split from its parent company, insurance firm Esure.

Rita Clifton, chairman of BrandCap, poses for a photograph following a Bloomberg Television interview in London, U.K., on Friday, July 11, 2014. Clifton became co-founder and chair of BrandCap in 2013. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Rita Clifton, at 58, has a slender figure many women 30 years her junior would envy.She also has a weight loss tip: become a chief executive.

Daily Mail City Editor Alex Brummer.

The publicity shy deputy-chairman and founder of Sport Direct Mike Ashley is virtually an unknown figure to the public aside from the snatched photographs in the stands at Newcastle United.

E4Y09K UK, London : New Look and River Island on Oxford Street, Central London.

Unlike many fashion chains which have warned unseasonable weather this year and last hit sales, New Look said sales at stores open more than a year rose 3.4 per cent

Sir Philip Green was introduced to BHS fraudster by Robin Saunders

Robin Saunders, who made her name at German bank WestLB in the early 2000s and was once worth £350million, brought in bankrupt businessman Paul Sutton to meet Green after learning he wanted to sell the 88-year-old chain. It was this meeting that is thought, in turn, to have opened the door for Dominic Chappell - an acquaintance of Sutton's - to make his successful bid for BHS in March last year.


Dashing, Ivory Coast-born Tidjane's tall and sleek appearance is offset by a 'blunt and domineering' style of management which has rankled staff, thousands of whom face the chop.

Television Programme: The Extraordinary Collector with Gordon Watson and Lord Rothschild.

The Extraordinary Collector 
Gordon Watson and Lord Rothschild

RIT had approached its Dundee-based rival about a potential tie-up. But it has decided not to make an offer - underlining the problems facing Alliance Trust.


The 50-year-old sold 2.8m shares in the Aim-listed firm just two weeks after they reached a 52-week high of 3.97p on May 24. Roth sold his shares for 3.5p, netting him a total of £98,000.

I want to cancel Sky TV - why do I have to call to do so?

Sky have recently increased its prices meaning our monthly subscription would be £65 per month. We are pensioners and this is the last straw for us - we changing over to Freesat. I wrote to cancel, but Sky insist we speak on the telephone. Why?

Not knowing what a road sign means could cause problems for the football fans and holidaymakers going to France this summer. Put yourself to the test.

CTPGPD workman services and repairs a domestic gas meter. Image shot 03/2012. Exact date unknown.

A new meter was fitted and we were billed for the old meter reading. During the years since, despite numerous appeals, we have still not received a gas bill.

Is railway privatisation a perfect example to the chaos a Brexit would cause?

If anti-Europe MP Chris Grayling's Brexit campaign is anything like his efforts to get the main railway station in his constituency into London's Oyster card network, Britain will be in the euro by Christmas. The town's businesses suffer as a result and the station is a mess.

Passengers disembark a train at King's Cross station on November 7, 2014 in London, England.  

(Photo by Dan Kitwood/Getty Images)

While the number of successful applications in London rose by less than 10 per cent last year, it almost doubled in many surrounding towns.

Renault's taken the most powerful petrol engine it currently sells, stripped from the Renaultsport Megane Trophy-R, and has bolted it directly into the smaller Clio.

Two new tax breaks fuel a surge in homeowners renting out space for holidays and

The UK is fast becoming a powerhouse for online holiday rental websites such as Airbnb, thanks to two major changes that give homeowners the chance to receive more tax free income. Since April 6, taxpayers have been able to earn up to £7,500 a year renting out a room in their home without paying tax - a significant increase from the previous £4,250 threshold.

It is the time of year when many of us are alerted to the fact that we have overpaid tax in the previous year and are due a refund. Hurrah. But before cheering too loudly.

Lukas Bouda and Caroline Sabiston Sunglasses 3.jpg

Online prescription sales are another cheaper option but when it comes to looking after your eyesight it is often better to deal face to face just in case there are problems with the fitting or lenses.

Best places to live by the sea: We reveal hotspots from Salcombe to Peacehaven

Britain's most prized places to live by the sea have been named in our exclusive research by estate agents Savills - along with the up-and-coming coastal hotspots. They range from the most expensive locations - including top spot Salcombe, in Devon, pictured, - to more traditional seaside resorts full of nostalgic charm, such as Broadstairs, in Kent.

The new British Steel sign is unveiled at the main entrance at the newly-branded British Steel steelworks plant in Scunthorpe, which Greybull Capital bought from India's Tata Steel, in Scunthorpe northeast England on June 1, 2016. 
India's Tata Steel on June 1, 2016 completed the part-sale of its European assets, safeguarding 4,800 jobs, but thousands more are threatened with no buyer found for the rest of the business. Tata Steel UK announced completion of the sale of its European piping business to Greybull Capital, a British-based family investment firm for an undisclosed sum. The deal, hailed by Tata, the British government and unions, means the return of the British Steel brand for the first time since 1999. 
 / AFP PHOTO / Lindsey ParnabyLINDSEY PARNABY/AFP/Getty Images

Former pensions minister Steve Webb said that if complex rule changes go ahead, many final salary scheme holders could lose as much as £10,000 over the term of their retirement.

For Sale signs, as official figures suggest that the average price of a home increased by £18,000 during 2015.
In December 2015, the typical UK property was worth £288,000 - up from £270,000 on average in January last year, Office for National Statistics (ONS) figures show. 

PRESS ASSOCIATION Photo. Issue date: Tuesday February 16, 2016. 
See PA story ECONOMY House. Photo credit should read: Yui Mok/PA Wire

Nearly three out of 10 homebuyers have seen their property deal vanish into thin air over the past two years despite having their offer accepted by the seller.

RAC's Fuel Watch data for May said that both petrol and diesel had surged another 2p in a month, making each fill-up £5 more expensive than it was in February this year.


Your garden can bring extra rewards this summer. Everything from a barbecue to a house high in the treetops can save or make money, writes Toby Walne.

MIDAS SHARE TIPS: Car dealer Motorpoint focuses on service

Motorpoint Group is different. The largest independent used-car retailer in the UK, it floated on the Stock Exchange last month at 200p. The shares have had a strong start, hitting 231¾p by the end of last week, but there is plenty of potential for further gains over the next few years. More than 7million used cars were sold last year and, despite its leading position, Motorpoint accounted for just 52,000 of them.


Gabrielle Boyle says: 'I look for strong companies that are well managed, have diversified revenue streams and whose products or services are fundamental to our lives'.

Its technology, called the Inspirit Charger, is dishwasher-sized, floor-mounted and, on cursory inspection, probably not too dissimilar to the larger units offered by Potterton, or Worcester Bosch.

John Lewis¿s Any Shape, Any Fabric sofas are checked by a customer.....The retailer is offering more than 112,000 sofa, armchair and sofa ..bed combinations available in 400 fabrics. It hopes to increase sales of upholstery by 15 per cent.....John lewis 1.jpg

Having listed on the stock market in May 2014 at 100p, the group made strong progress and, when Midas recommended the shares three months later, the price had already risen to 140p.

04J-_CITY Trustwatch.jpg

It's a global trust which invests in a mixture of listed and private companies across the world which they believe will grow over the long term.

Oil price is back at $50 - are your investments at risk from the recovery?

Investors in top-performing income funds and trusts could suffer a reversal in fortune if the oil price continues to recover because many have low weightings in the sector, a leading analyst has warned. The price of Brent crude has already nearly doubled from a low of $27 a barrel in January to around $50 now, and could well carry on rising even if leading oil nations can't agree to curb production at an Opec meeting in Vienna this week.

28M-hollies investment extra cigs biz 2.jpg

It's worth pointing out, of course, that the move does not affect the fund management side of Axa's business - just the money invested by its insurance arm.

More than a third of this year's retirees are providing financial help of£250 a month on average, while one in seven are spending more than £500 a month on their family.

More than 1m people say they earn over £100k a year

This is just below 4 per cent of the UK working population, which stood at 31.6million in the first three months of the year, according to official figures. The survey of over 1,000 people also found that the number of those earning over £200,000 a year is much smaller at 235,000.

The real tax hit is still to come, so is it time to cash in buy-to-let?

The buy-to-let stamp duty hike that arrived with a bang caught plenty of eyes, but it is the forthcoming cut to mortgage interest tax relief that will hurt many existing investors. The question now is whether with costs and regulations increasing, do you take the money on the table now, or hold on and hope you don't get caught by another tax hike?

Government is neglecting key business decisions because 'too focused on EU fight', warns

Dr Adam Marshall, acting director-general of the British Chambers of Commerce, has hit out at politicians for focusing all their attention on the EU and not getting the economy on 'a more solid and sustainable footing'. Marshall took over from John Longworth after he gave an incendiary pro-Brexit speech at the group's annual conference in February and subsequently resigned and joined Vote Leave. The BCC is officially neutral on the issue.

ATATD1 Wind Turbine and cows at Bear's Down, St Eval, near Padstow, North Cornwall, England, UK. Image shot 08/2005. Exact date unknown.

Founders Hayden Wood and Amit Gudka claim their one transparent tariff is on average 20 per cent cheaper than those offered by the Big Six

Picture:  Craig Hibbert   1/6/16..Adam Marshall, acting Director General of the BCC.

The Pension Protection Fund, funded through levies to protect pensions of employees of insolvent companies, will pay out millions to cover BHS's retirement schemes.

Palatinate Group founder Ross Marshall with Frankie Dettori....PR handout

The entrepreneur behind a group of online travel firms including YourGolfTravel, Racingbreaks and Spabreaks, has claimed leaving the EU would force him to put up prices and could put jobs at risk.

A businesswoman working at desk

Workplace pensions provider NOW: Pensions, which commissioned the study, found that 58 per cent of those starting a business were aged 35 to 44, against 15 per cent aged over 65.

50 ways to save money....

To clear the average national household debt of ?13,000 at 6% interest with a monthly repayment of ?100 will take around 17 years. There are, however, plenty of simple ways to make significant savings on your regular spending that could clear your debt - or boost your savings - in less than a year. This is Money's top 50 - updated - money-saving tips may appear light-hearted but are deadly serious.

Pick the best (and cheapest) investment Isa platform

Choosing the right DIY platform is crucial but a wealth of choice and changes to charges have left many investors scratching their heads. We pick some of the best. We also highlight why investing in an Isa makes sense, as it should protect your hopefully growing investments from tax forever.

In this low-income world it can be hard to find mainstream investments paying a significant yield. Stifel has compiled a list of 19 investment trusts with a yield of more than 4 per cent.

L Board sign on the rear of a blue saloon car , UK

If you are new to investing then the huge number of funds and investment trusts on offer can be confusing. Fortunately, This is Money's experts have some ideas to get you started.

Income investing: Dividends can deliver both a healthy boost to long-term growth and a way to earn from your investments.

Income investing can let you draw on your portfolio or reinvest dividends to build solid growth over time. Our experts give their fund and investment trust recommendations.

On the up: Emerging markets such as Brazil are where much of the world's growth is expected to be over future years.

If you're looking to add some flair to your investing Isa with emerging markets, This is Money's experts have some ideas to get you started

When will UK interest rates rise?

George Osborne's continued austerity revealed in his 2016 Budget is likely to keep rates on hold for longer. Inflation expectations have been revised down for 2016 to 0.7 per cent, while Brexit uncertainty and slow global growth are also playing on rate-setters' minds.

Banking customers typically stick with their current account provider for an average 15 and a half years. But signing up for a new account can get you a much better deal. Here's how to switch

House prices: What to expect - news and predictions

Nationwide says there was a 'mixed picture' across the regions in the third quarter of 2015, with the rate of house price growth accelerating in southern England and particularly London, but slowing down in the Midlands and most northern areas.

Ten tips for buy-to-let

For many buy-to-let looks an attractive income investment in a time of low rates and stock market volatility. Climbing house prices, rising rents and improving mortgage deals are tempting investors - although they will need a big deposit. Read This is Money's top ten buy-to-let tips


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Musicians have seen pay rises averaging nearly 20 per cent in 2015, while cleaners are getting 17.8 per cent more, and window cleaners 12.3 per cent. Artists in general are earning 14.6 per cent more in 2015 than 2014, according to the huge annual data dump of pay scales by the Office For National Statistics highlights.

Premium Bonds winners

June 2016
Prize value Winning bond No. Area
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£1,000,000 263NW544687 Kent
£100,000 264BZ537198 West Midlands
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£50,000 272HH746189 Devon
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