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The number of outstanding mortgages extended under interest-only terms has fallen by almost one third over the past four years, research from the Council of Mortgage Lenders (CML) has revealed. The number of outstanding interest-only loans dropped from around 3.2m in 2012, to 2.2m last year – a de

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Complaints over ‘package bank accounts’ that charge a monthly fee for ‘added benefits’ such as travel insurance – have more than doubled in the past year. The Financial Ombudsman Service reviewed over 44,000 cases in the past year – double the number of cases looked at in the previous ye

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A man fined for speeding by 9mph has decided to vent his frustration over the ticket by paying the fine entirely in pennies. Brett Sanders from Texas called the charge “extortion” and said he wanted to make the government work for the money.

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