Should I cut my mortgage term to save money?

Mortgage terms are getting longer. While the default has long been for homeowners to opt for a 25-year term, repaying a home loan over a borrowing lifetime of 30 or even 40 years is now common. Borrowers may still prefer to take

Number of first-time home buyers DOUBLED in 2021

The number of people buying their first home almost doubled in 2021 – and the price they paid fell by £12,600 despite the housing boom, according to new research. First-time buyer numbers were up by 98 per cent last year compared to

Isas and inheritance tax: How does it work?

Is an Isa protected from inheritance tax? Millions of over-55s unsure of the rules around the tax-free wrapper and passing on wealth A third of over 65s want to pass on their Isa pots to family members   Three quarters have never checked

Burberry, Fortnum's and Harrods are latest to quit Russia

Burberry, Fortnum’s and Harrods among latest companies to shut up shop in Russia as more businesses pile pressure on Kremlin By Daily Mail City & Finance Reporter Published: 16:50 EST, 6 March 2022 | Updated: 16:50 EST, 6 March 2022 ‘Operational challenges’:

Business titans rake in £ 7.5m from Russia ties

Britons who refuse to sever ties with Russia-focused companies net almost £7.5m in annual payments Pay packets range from tens of thousands to millions of pounds Many are directors at firms the London Stock Exchange took aim at last week  Institute of

RUTH SUNDERLAND: Banks help beat the tanks in Ukraine

RUTH SUNDERLAND: Banks cannot defeat tanks, but they can inflict a lot of damage, intentionally or not, as we discovered in the financial crisis Sanctions will enfeeble economy and starve Kremlin of money for aggression  Immediate damage came in the form of

Oligarchs take £3bn in dividends from Britain

Oligarchs take £3bn in dividends from Britain: Eight-year bonanza from listed firms raises questions over how Russians used City as cash cow Roman Abramovich one of those to receive payouts from Evraz or Polymetal  Alexander Abramov, Aleksandr Frolov and Alexander Nesis others