The battle against unfair mortgages

‘Mortgage prisoners’ fight back

Homeowners are suing companies who they say have been overcharging them by trapping them on unfairly high interest rates. What’s going on? After the financial crash in 2008, thousands of people had their mortgages transferred when their banks were nationalised. Many of those affected have been paying more than 5% interest on their mortgages for the past 12 years, while other borrowers have been enjoying much lower rates.

Nurse walkout

Around 15,500 nurses in Northern Ireland have started strike action today. The cause? A dispute over pay and patient safety which mirrors the reason for industrial action by other healthcare workers over the last few weeks. About 9,000 of those nurses are from the Royal College of Nursing and this is the first time in their 103-year history they’ve walked out.

Your available balance

From today, you won’t see your overdraft included in your ‘available funds’. The new rules brought in by the Financial Conduct Authority (FCA) mean banks have to make it clearer that an overdraft is a form of credit.

True cost of a night out?

‘Tis the season for a night out. Whether it is a quick mid-week drink, dinner, or something…much bigger, December calendars are usually full to the brim. A night out now costs consumers an average of £69.64, according to findings by night club and bar operator The Deltic Group. The night-time economy is the UK’s fifth biggest industry, with annual revenues of £66 billion.