House price growth chugs along at the slowest pace for five years

Average prices grew by 1.8 per cent over the period, but in the last three months the cost of an average home fell by 0.7 per cent, marking the biggest quarterly decline since February 2012. On a monthly basis, prices rose by 0.3 per cent in June.

Virgin Money, West One and others now allow landlords applying for a buy-to-let mortgage to use both the property's rental income and earned income to get past tough affordability thresholds.

How much is an Avios point worth?

There have been several revisions to the Avios scheme over the years, unsurprisingly all meaning your points don't get you quite as much or they are harder to earn. But the scheme isn't worth ditching yet, particularly if you are clever about how you spend them your points. We have run the numbers and unearthed the tricks to stretching your points further afield.

Regulators warned that banks, investment providers and any other financial firms dealing with consumers must step up their game on ‘preventative measures’ to avoid another meltdown.

According to the Conveyancing Association, failure to disclose the leasehold details breaks consumer protection rules and could mean developers face criminal investigation.

In order to be compliant with the GDPR, the DVLA has insisted that previous keepers' details will be removed from a car's log book. This means dealers will not be able to check vehicle history for free.

* Sharia-compliant account pays 'expected profit rate', £50 bonus to fund account ** Includes one-year bonus. For current account rewards and interest conditions may apply eg. using provider's full switching service, min deposits and direct debits. For savings, access maybe limited, min/max deposits may apply. See T&Cs.; Representative example: If you spend £1,200 at a purchase interest rate of 18.95% p.a. (variable) your representative rate will be 18.9% APR (variable).





FTSE LIVE: Stobart finance chief quits ahead of AGM; Rolls-Royce offloads commercial

Stobart's finance boss Richard Laycock has resigned just hours ahead of today's contentious annual general meeting, Rolls-Royce fetched £500m for its Commercial Marine business in a sale to to Norwegian firm Kongsberg and British satellite firm Inmarsat has rejected a second takeover approach by US rival Echostar.

The five best-paid chief executives were handed £6m in total by the mutuals. Top of the pay pile was Nationwide boss Joe Garner, 48, who was paid £2.3m.

Hong Kong activist investor Oasis Management is calling for Premier Foods to offload the 123-year-old division so it can free up cash and reinvest in the business.

John Langley, from Texas, launched a court battle to get his job back claiming he was laid off last year as part of a company drive to hire younger staff and ditch older employees.

After five years as Bank of England governor Mark Carney’s efforts to offer certainty to businesses and consumers about the future direction of interests is as helter-skelter as ever.

The Scottish firm reported a 73 per cent drop in profits to £870,000 in the year to December 31, despite sales soaring from £71.9m to £111.5m. Last year Brewdog opened its first American brewery.

Make employers pay lion's share into pension pots, says PLSA report

People should save at least 12% of their salary into pensions and employers should be made to stump up half of that, according to a new report. Savers should also be given meaningful retirement targets based on real-life ambitions like being able to afford an annual holiday, a reasonable car, meals in restaurants and bottles of wine, recommends an influential pension industry group.

Very few people stay loyal to one company for the duration of their working life in this day and age. The result is that many people end up with a ragbag of pension plans.

I bought my property in November 2015 with a 20 per cent Help to Buy shared equity loan, and the value has since gone up. Can I get a bigger mortgage to pay back 10 per cent of the loan?

The 10 most unreliable new cars revealed

What Car? received feedback about 14,000 UK-registered vehicles in the latest reliability survey, with owners reporting how many faults their motors had in the last year. These were the 10 models with the worst track records, including (from top left to right) the Fiat 500X, Nissan Qashqai, Volvo XC90, Mercedes E-Class, Range Rover Sport and Jeep Renegade.

New cars

Demand for new cars fell by 3.5% in June leaving vehicle registrations for the first half of the year 6.3% behind, thanks largely to crumbling diesel sales.

Will UK interest rates rise in August?

The will they or won't they game is back on. No, I'm not talking about England's tilt at World Cup glory after winning their first knock-out tournament match since before the financial crisis. This game rolls round more often than English footballing success - it's the question of are interest rates about to rise? And August is the date we're now playing for.

Bank Governor Mark Carney said an upgrade to growth data for the first part of this year backed his assessment the economy was strong despite a marked slowdown in the winter months.

Phillip Hammond was accused of betraying struggling high street retailers yesterday after he refused to launch an urgent overhaul of business rates.

Amazon plots the launch of  free TV channels

In a move that could put it in direct competition with the other commercial broadcasters ITV, Sky and Channel Four, and BT the internet giant would offer programmes at no cost or by funding them through adverts shown during shows. Its plan emerged in a job advert for a new London-based 'head of free to air TV and advertising'.

Ten car hire tips to save money and dodge extra fees

Additional charges, unforeseen insurance costs and poor customer service all related are common car rental grumbles reported to This is Money by readers. With this in mind, we listed the best insider tips for holidaymakers to avoid being ripped off at the rental desk and save money in the process.

The SMMT said 190,000 new Korean models were sold in the UK in 2017 - more than any other EU nation - as we snap up cars mainly from Kia and Hyundai.

Fewer women invest than men. Yet the need for the better returns that investments could provide is arguably greater for women - given that they live longer and earn less than men on average.

Carpetright, New Look, House of Fraser: Why 2018 is the ‘year of the CVA’

A gale is blowing through UK high streets, and retail and restaurant chains are feeling the sting. In this cut-throat environment where relevance is paramount, household names Toys R Us, Maplin, East, Poundworld and Prescott & Conran have already gone to the wall. Other marginally fitter chains are frantically closing shops.

As well as enjoying strong first half results, both companies have come under fire for dishing out bumper pay deals to their top executives.

The former finance director at Porsche Cars' UK business is also set to join the board at easyJet next month. At Virgin Atlantic she was chief commercial officer and chief operating officer.

Jaguar Land Rover's Bavarian-born boss Ralph Speth's warning that a bad Brexit deal risks its £80bn investment in the UK, echoes threats made last week by Airbus.

MARKET REPORT: Online estate agent Purplebricks losses rise to £21.3m as experts question

The firm, which boasts of charging homebuyers no commission, made losses of £21.3m in its 2018 financial year - significantly more than the £5.1m it lost the previous year. And though it claims 81per cent of listings on its site ‘sold’ in the 12 months to April, this also included exchanges and sales that were still subject to contract.

Online estate agent Purplebricks has seen its share price fall more than 5 per cent after revealing rising annual losses, despite strong sales.

Andrew Tinkler was fired as a non-executive director last month by Stobart after starting a campaign to oust the chairman, but wanted to stay on the ballot for re-election at the AGM today.

Edinburgh will be overtaken by Manchester to become the country's second-largest finance hub if it continues to grow at the current pace, a study by TheCityUK has found.

Boss Ivan Glasenberg, 61, lost about £343m from his holding on Tuesday as the US ordered Glencore to hand over documents relating to work in Nigeria, Democratic Republic of Congo and Venezuela.

How middle class is falling into 55% pension tax trap meant for millionaires 

The absolute maximum the Government allows you to build up in a pension is £1.03m But many workers whose salaries have risen to about £80,000 unwittingly breach this allowance. The result is a £70 million jump in pension tax collected by HM Revenue & Customs over the past two years - and the numbers of people caught out is doubling.

The online tool will allow users to search by firm, individual, location and other criteria, and operate alongside the existing register of authorised financial providers.

In London and the South East of England, where outside space comes at a premium, buyers are willing to fork out more than £30,000 more to bag a home with outside space.

ASK TONY: Virgin Mobile billed me £91 for data used while I was asleep

I pay Virgin Mobile £6 per month for a SIM-only tariff. I occasionally exceed my usage, but never by more than £5 or £6. But, on May 8, I got a bill for £91.10. My account details suggested I'd used the internet and exceeded my limit on most days from April 7 to May 5. The time of the usage on April 7 was at 7am and the rest at midnight.

A landmark court case could see ATMs inside pubs and shops across the country closed down as the authorities fight to slap them with crippling business rates.

Banks have been told they must consider whether people who took out the unnecessary credit card insurance were told about the huge commission charges included in their payments.

THE PRUDENT INVESTOR: A Premium Bond prize you can't claim 

Here's a thought to hold on to as you slog through a day's work in this heat: you may have won a life-changing £100,000 Premium Bond prize, but no one's told you because it's been allocated to someone long dead. There are all sorts of conspiracy theories surrounding Premium Bonds, such as that older ones are less likely to be drawn, or those held by people in the South East have more chance of winning.

Residents' parking charges postcode lottery revealed

Car owners face a postcode lottery of widely differing charges - including administration fees and idiosyncratic add-ons - depending on where they live in the UK. The audit by consumer motoring experts at Carbuyer and Auto Express of charges from 243 UK councils running controlled parking zones - dubbed CPZs - reveals how motorists are paying hundreds of pounds a year into council coffers to park in their own streets.

The electric car company headed by Elon Musk revealed on Sunday that it had produced 5,000 of the vehicles in a week, a long-held goal.

Judges on the annual Auto Express Awards commended Jaguar's I-Pace for its style, driver appeal, comfort, quality and innovative all-electric powertrain.

Secret army of OAPs who go undercover to catch mail fraud gangs

The band of secret enforcers - with an average age of 75 - have all fallen victim to postal fraud in the past. Now they are turning the tables on the scammers who cheated them out of their life savings. Sigrid Hambley became a Mail Marshal after falling victim to a scam. She received a letter from a fake law firm telling her that a distant relation had left her £2m in their will

Ah, the summer! Sun, sea, sangria...and car hire sharks. As predictable as a hosepipe ban, there is never any shortage of rip-off tales from holidaymakers renting a vehicle.

The Government had pledged suppliers would stop fitting the old so-called SMETS I meters this month. The proposed deadline for fitting the new SMETS II is now December 5.

Zoopla reveals Devon farmhouse for sale with aircraft hangar and runway

It's not rare to see a house for sale with an annexe, or even some outbuildings, but a Devon farmhouse on the market stands out from the competition with a unusual feature indeed. The house, near Tiverton, has an aircraft hangar and a 300m runway that is suitable for light aircraft. The six-bedroom house sits in almost 60 acres and comes with various outbuildings that include a separate two-bed barn conversion, as well as small areas of woodland.

Marcus Bank set to launch in the UK with competitive savings accounts

Marcus says it will offer savings products firmly aimed at the UK retail market in the late summer having already secured its banking licence. The accounts it offers in the US have proved incredibly popular. Within an 18 month period, it garnered a mammoth $22billion in deposits and approved $3billion in personal loans.

New best buy bonds mean savers can now get better deals than at any time since the start of 2016, according to an index from independent advice website Savings Champion.

"No smoking" sign on a wall --- Image by © Christopher Stevenson/Corbis

We pick our five favourite cash Isas for savers. This is essential Isa reading and is kept up-to-date throughout the year

Savers face an array of hidden catches on accounts that are supposed to be easy-access. Some banks will let you access your money only twice a year without paying a penalty.

This is the top rate offered by an easy-access account, but it is suitable only for savers who have already built up a pot which they want to be able to get their hands on quickly.

The ETFs most popular with millionaire investors

We've taken a look at the exchange traded funds picked by those with hefty portfolios who want to keep costs low, easily access a basket of assets, or simply doubt a fund manager can beat the market. Our analysis looks at the most popular ETFs for those lucky enough to hold at least £1million with Hargreaves Lansdown, Interactive Investor and AJ Bell Youinvest.

Britons who were not mis-sold PPI but did not know of sales commissions paid to their broker could be able to claim billions more in compensation following a key court ruling.

These couples can also claim for previous years, which means they could be owed as much as £900. If your partner has died, you may also be able to claim.

Jargon terms most commonly used by car mechanics revealed

A new survey of drivers has identified the seven most commonly used terms vehicle technicians blithely drop into conversation - even though they know the customer probably won't understand them. Learn these pieces of jargon and you'll be able to query what repairs you're being charged for.

Out goes the Mini's 1,275cc 63 horsepower engine. In its place is an electric motor and lithium phosphate batteries giving it a top speed of 75mph and a range of about 65 miles.

Using a new National Dash Cam Safety Portal (NDSP) launched by dash cam maker Nextbase, the clips you submit are linked directly to 19 police forces up and down the country.

Yopa reveals Grand Designs project for sale near Sandbanks

The large Edwardian Arts and Crafts property is for sale for £1.15million via fixed-fee estate agents Yopa, which describes the property as a 'seaside villa of great charm and character'. But experts suggest that it could be knocked down and replaced with a new home due to its proximity to wealthy Sandbanks in Poole.

These are the 10 best high-performance super SUVs on sale today 

Ten years ago, who would have thought that super-SUVs combining supercar performance with limo luxury would be all the rage? Today, there's no shortage of choice in this market. Which one rules? Here's out top 10 countdown, including the (from top left to right) Mercedes-AMG GLS 63, Lamborghini Urus, JE Motorworks Zulu2, Rolls-Royce Cullinan, Bentley Bentayga, Mercedes-AMG G 63.

Savers underestimate the cost of living at retirement

Britons regularly underestimate the cost of living and how much they need to save for a comfortable existence at retirement, according to a new study. On average, savers expect living expenses to account for 38 per cent of their yearly retirement income, but existing pensioners say they shell out 53 per cent to cover these costs.

When will UK interest rates rise?

The Bank of England's Monetary Policy Committee kept interest rates on hold at 0.5 per cent, in spite of forecasts of a 90 per cent chance of a rise just three weeks ago. Policymakers voted 7-2 for a hold, with the two members who called for a rise saying that they believed there were 'upside risks' for inflation.

We tend to put ambitious targets on our hoped-for income in retirement and then underestimate how much we will need to set aside to achieve that. So how much should you save?

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.

We asked trusted experts to recommend the best funds that cover different investment sectors - and included This is Money's selection of active and passive options too.

Rightly or wrongly, some people simply want a quick, straightforward route map to investing in an Isa. To that end, this is our distilled guide to getting started.

What next for mortgage rates?

Borrowers are being offered a raft of cheap fixed rate mortgages as lenders attempt to lure them into remortgaging or buying a home. But HSBC has decided to buck the trend and launch a new rate mortgage that is a tracker instead. We pick out the best fixed and tracker rate mortgages and look at what next for rates.

Ten tips for buy-to-let: Essential advice for property investment

Buy-to-let is much tougher than it once was. A tax crackdown on buying properties and a tax raid on the rental income from owning them has seen to that. But for many Britons the idea of investing in property still appeals, as they trust bricks and mortar and may feel that they can add value to a property. Read our top ten buy-to-let tips

Premium Bonds Winners

Prize Area Value of bond
£1,000,000 Suffolk £40,000
£1,000,000 South West Wales £5,000
£100,000 Hampshire and Isle of Wight £50,000
£100,000 Hampshire and Isle of Wight £600
£100,000 Staffordshire £17,000
£100,000 Oxfordshire £15,000
£100,000 East Sussex £25,000
£50,000 Devon £20,000
More July 2018 winners
View list of July 2018 winners




Big Money Questions


Tourist rates

Currency Rate Buy now
Updated 06 Jul 2018.
Euro 1.1055 Buy Now
US Dollar 1.2935 Buy Now
Australian Dollar 1.743 Buy Now
Canadian Dollar 1.691 Buy Now
Chinese Yuan 8.499 Buy Now
Croatian Kuna 8.131 Buy Now
Czech Koruna 28.4 Buy Now
Danish Krone 8.244 Buy Now
Egyptian Pound 16.27 Buy Now
Hong Kong Dollar 10.08 Buy Now
Hungarian Forint 354.6 Buy Now
Icelandic Króna 132.2 Buy Now
Israeli New Shekel 4.61 Buy Now
Japanese Yen 142.5 Buy Now
Malaysian Ringgit 6.2624 Buy Now
Mexican Peso 24.25 Buy Now
New Turkish Lire 5.88 Buy Now
New Zealand Dollar 1.892 Buy Now
Norwegian Krone 10.36 Buy Now
Polish Zloty 4.773 Buy Now
Russian Rouble 70.96 Buy Now
Singapore Dollar 1.751 Buy Now
South African Rand 17.5 Buy Now
Sterling 1.0 Buy Now
Swedish Krona 11.28 Buy Now
Swiss Franc 1.283 Buy Now
Thai Baht 42.66 Buy Now
UAE Dirham 4.747 Buy Now
Argos discount codeWayfair discount codeTravelodge discount code