UK money news stories - 04 December 2024

Ultra-long mortgages push buyers past retirement

Two in five new mortgages have terms that will take borrowers into retirement, sparking concern about what impact this will have on people’s finances. Experts say these ultra long mortgages will not only make the loan more expensive overall but could lead to pensioners struggling to make their monthly payments.

BBC Licence Fee Confirmed Until at Least 2027 

The TV licence fee will rise with inflation for the next few years. However, culture minister Lisa Nandy says she’ll use the next Royal Charter review in 2027 to consider other funding options for the BBC.

Taking your family out around Christmas now costs around £500

Who knew a day of Christmas cheer with your loved ones could cost more than a European city break. Experts say social media is putting pressure on families to ‘make memories’ with Christmas activities, but these are becoming increasingly expensive.

Morrisons More: how does the new scheme work?

The supermarket’s recently revamped its More loyalty scheme allowing customers to earn points on everything they buy. But what else should shoppers know? And is the scheme even any good?

Entertainment industry accused of fleecing fans as UK ticket mark-ups reach 41%

Music fans are paying WAY more for gig tickets than their face value - but it’s not the musicians who are profiting. Experts say the music industry is the worst for this kind of commercialism - but theatre, sports and tourist attractions aren’t far behind.

How do rogue traders get past Checkatrade’s checks?

The tradesperson website promises to guarantee workers, conduct ‘vigorous checks’ and offer ‘recommendations you can rely on’. So why are homeowners still getting ripped off after finding traders on the site or?