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The home

First-time buyers in lengthy deposit wait

A young, single person in England faces a 14-year wait to save for a deposit to buy their first home, according to an independent report commissioned by housing charity Shelter.

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A third of workers take on second jobs to boost income

Three million Britons (six per cent) have taken on a second job to boost their primary monthly income, with one in three (36 per cent) supplementing their income in some way with an additional £2,536 a year, research from Direct Line has found.

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Less than half saving enough for retirement

More than half of those who could, and should, be preparing financially for later life are not saving enough and one in five is saving nothing at all, according to a report by Scottish Widows.

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Interest-only mortgage holders urged to plan ahead

Some borrowers with interest-only mortgages that are due to mature in the next seven years may not be able to fully repay their loan, a report by the Financial Conduct Authority (FCA) has warned.

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Universal Credit trial roll-out begins

The Government's 'radical reshaping' of the UK benefits system got underway today as Universal Credit began for jobseekers in the North-West of England.

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Budget 2013: Support for childcare and mortgages announced

Measures to help individuals get onto the housing ladder and an acceleration in the tax-free personal allowance increase were among the personal finance highlights in Chancellor George Osborne's 2013 Budget.

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Second wettest year on record costs insurers £1.9 billion

Flooding and storm damage to homes and businesses cost British insurers £1.9 billion in 2012, according to figures from the Association of British Insurers (ABI).

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Single-tier state pension shake up

Plans for a 'simple' single-tier state pension unveiled by the Government could leave younger people worse off in the long run, the Institute for Fiscal Studies (IFS) has said.

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Ofcom proposes price protection for broadband and phone users

Broadband, landline and mobile consumers could soon be protected from mid-contract price hikes as an independent consultation into how to better protect customers is launched.

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One in five still clearing Christmas 2011 debt

With many Brits nursing their financial hangovers from Christmas 2012, almost one in five is still paying off debt from Christmas 2011, research from comparison service uSwitch has found.

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