Santander Updates on £700 Customer Payouts
Santander increases car loan compensation fund to £461 million as millions await £700 payouts, while reporting 14% profit rise and branch closures.
Category : Finance Banking
HMRC Fines One Million for Missed Tax Deadline
Approximately one million households face £100 penalties from HMRC for missing the January 31 self-assessment deadline, with further daily fines possible after three months.
Lloyds and Halifax Close 16 Branches in February
Lloyds Banking Group confirms 16 branch closures across Lloyds Bank and Halifax in February 2026, as digital banking usage surges and physical networks shrink.
Santander's Strict 98% Mortgage Rules for First-Time Buyers
Santander UK launches a 98% mortgage for first-time buyers with strict eligibility criteria, sparking debate about accessibility and market impact across the UK.
Triodos Bank First International Lender with Fair Tax Mark
Bristol-based ethical bank Triodos has become the first international bank to receive the Fair Tax Mark certification, recognising its commitment to responsible tax practices and transparency.
Inheritance Tax Warning Over Missing Pension Documents
UK households face serious inheritance delays if they cannot locate pension paperwork, with new rules bringing pensions into inheritance tax scope from 2027.
HMRC Refunds £46m to Overtaxed Pensioners
HM Revenue & Customs has repaid over £46 million to pensioners overtaxed on withdrawals, with average refunds around £3,388. Experts criticise the system's administrative burdens.
Pound Hits 5-Month High vs Euro, Strong Against Dollar
The Pound Sterling has surged to €1.16 against the Euro, its highest level since September 2025, while also performing robustly against the US Dollar. Financial experts attribute this rally to divergent central bank policies and European economic stagnati
Bank of England Names First Fintech Scale-Up Cohort
The Bank of England has announced the inaugural cohort for its new Scale-Up regulatory unit, featuring fintech firms like Zopa and Allica Bank, aimed at accelerating UK fintech growth.
FCA Cuts Insurance Rates, Saving UK Households £157m
The Financial Conduct Authority's intervention has led to significant reductions in premium finance rates, saving consumers millions on car and home insurance payments.
1 Million Brits Face £100 HMRC Fine After Tax Deadline
HMRC confirms one million people missed the January 31 Self Assessment deadline, facing initial £100 penalties and escalating charges for late submission and payment.
HMRC: One Million Face £100 Penalty for Late Tax Returns
HMRC reveals over one million people missed the Self Assessment deadline, facing £100 penalties and escalating charges. Officials urge immediate filing to avoid further fines.
HMRC's Tax Payment Shock: £449 Bill After Delay
A taxpayer's ordeal reveals HMRC's contradictory advice on capital gains tax payments, leading to unexpected interest charges and a lengthy complaint process.
HSBC Increases Mortgage Rates Following Market Moves
HSBC has raised selected residential mortgage rates by up to 0.10%, following similar moves by Nationwide and Virgin Money. Experts warn first-time buyers to budget for hidden costs.
Making Tax Digital Costs Taxpayers £850 Million
HMRC's Making Tax Digital programme has cost UK taxpayers nearly £850 million since 2015, with annual costs exceeding £120 million and forecasts predicting a rise beyond £1.3 billion.
GAMCO Nominates David Schachter to Saba Fund Boards
GAMCO Investors proposes David Schachter for Saba Capital Management fund boards to address trading discounts and enhance investor protection.
Santander's 98% Mortgage for First-Time Buyers
Santander introduces My First Mortgage, a 5-year fixed-rate product requiring just a 2% deposit, aiming to make homeownership more accessible amid rising property prices.
Santander's 'Complicated' Investment Announcement to Customers
High street bank Santander emails customers about investing, acknowledging it can seem 'complicated' and 'daunting' while promoting its ready-made investment funds.
Nationwide and Virgin Mortgage Rates Rise Up to 0.19%
Nationwide Building Society increases selected fixed mortgage rates by up to 0.19%, with Virgin Money following suit, signalling an end to January's competitive pricing period as experts warn borrowers.
HMRC Errors Cost Taxpayers £450 Monthly
UK taxpayers are reporting severe financial strain due to HMRC misidentification errors, with one individual facing £450 monthly extra charges after being incorrectly linked to another's employment.
HMRC 'Destroying Businesses' After Two-Year Taxpayer Ordeal
A London sole trader claims HMRC's prolonged investigation and administrative failures are threatening her livelihood and family finances, with pleas ignored for years.
DWP Pension Deferral Offers £2,400 Annual Boost for Some
Retirees born before 1959 could increase their state pension by up to £2,400 yearly by deferring claims, with new data revealing thousands are using this strategy.
Nationwide and Virgin Money Increase Mortgage Rates
Nationwide and Virgin Money have raised selected fixed mortgage rates by up to 0.19% and 0.14% respectively, with brokers warning the path to lower rates may be longer than expected.
Pensioners Get £241 Tax Bills Despite Government Promise
State pensioners are receiving unexpected £241 tax demands from HMRC, contradicting government assurances that those with only state pension income wouldn't pay tax during this parliament.
Record £57bn Deposited in Cash ISAs Before Allowance Cut
UK households deposited a record £57 billion into cash ISAs in 2025, rushing to lock in tax-free savings before the annual allowance is reduced from £20,000 to £12,000 in April 2027.
Pension Mistakes That Could Cost You £40,000
Over 10 million UK adults neglect pension planning, risking £40,000 losses through poor fund choices, early withdrawals, and upcoming inheritance tax changes.
HMRC Warns 3.3 Million to File Tax Returns Now
HMRC has issued an urgent warning to 3.3 million taxpayers who missed the January 31 self-assessment deadline, urging immediate action to avoid escalating penalties and fines.
Jackery Power Station £450 Cheaper on Amazon
Amazon has significantly reduced the price of Jackery's Explorer 1000 V2 portable power station to under £500, offering substantial savings for outdoor enthusiasts ahead of spring.
State Pension Rise: £575 for Some, £440 for Others
Chancellor Rachel Reeves confirms state pension increases for 2026/27, with a £575 rise for the new full pension and £440 for the basic pension, highlighting the growing gap under the triple lock system.
Premium Bonds: Check Accounts for February Winners
NS&I announces two £1 million Premium Bonds winners from Central Bedfordshire and Liverpool. Bondholders urged to check accounts on Tuesday for prizes up to £100,000.
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