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Paid off your mortgage? Five things to do with your money now

At last! You're mortgage-free. But what should you do with the extra cash? Supercharge your finances, says High50’s Julian Knight, and diversify your shares, savings and investments instead

Latest News

  • Bank of Ireland more than doubles H1 profit, capital rises Reuters - UK Focus - Fri, Jul 31, 2015 09:43 BST

    Bank of Ireland (Other OTC: IRLD - news) more than doubled its profit in the first half of 2015 as it increased new lending and reduced loan impairment charges, generating capital at a significant pace. Bank of Ireland has led a sector-wide revival as the Irish economy grows faster than any other in the European Union, …

  • Strong economic growth in the UK boosted demand from business customers, while losses from bad loans shrank

  • RBS says not in talks with U.S. authorities over mortgage settlements Reuters - UK Focus - Thu, Jul 30, 2015 08:01 BST

    Royal Bank of Scotland (LSE: RBS.L - news) is not currently in talks with U.S. authorities to settle claims it misled investors in mortgage-backed securities in the United States, its finance director told reporters.

  • UK mortgage lending jumps in June, business lending plunges Reuters - UK Focus - Wed, Jul 29, 2015 13:32 BST

    British mortgage lending picked up strongly in June, adding to signs that the housing market is regaining momentum, but a sharp drop in lending to businesses was a reminder that the economic recovery has yet to find a sounder footing. The value of mortgage lending rose by the largest amount in almost seven years, while …

  • Taylor Wimpey, Foxtons say buyer interest heats up post-election Reuters - UK Focus - Wed, Jul 29, 2015 10:48 BST

    Housebuilder Taylor Wimpey and London estate agent Foxtons said activity in the property market had stepped up since May's national election, with buyers' confidence boosted by sustainable levels of price inflation and low mortgage rates. Taylor Wimpey (LSE: TW.L - news) 's Chief Executive Peter Redfern said that although …

  • UK June business lending plummets by most since records began 4 years ago Reuters - UK Focus - Wed, Jul 29, 2015 09:41 BST

    British lending to non-financial businesses plummeted in June by the largest amount since records began more than four years ago, Bank of England data showed on Wednesday. The BoE figures also showed that mortgage approval rose last month to 66,582, compared with 66,000 expected in a Reuters poll of economists, and lending …

  • Profits surge at Virgin Money and Shawbrook Bank Telegraph - Tue, Jul 28, 2015 12:09 BST

    But the challenger banks admit that competition is getting tough in the mortgage market

  • Virgin Money says it and other challenger banks are hurting the giants of the sector

  • Virgin Money says does not expect new bank surcharge to hinder growth Reuters - UK Focus - Tue, Jul 28, 2015 11:59 BST

    British lender Virgin Money does not expect a new bank surcharge to reduce growth in its business overall and will adapt its buy-to-let mortgage business to account for tax changes coming into effect in 2017, its CEO said. Virgin Money, which counts itself among the bigger challenger banks in Britain and went public in …

  • Irish bank permanent tsb posts small H1 profit, first since 2007 Reuters - UK Focus - Tue, Jul 28, 2015 10:48 BST

    Ireland (Other OTC: IRLD - news) 's permanent tsb (PTSB) on Tuesday reported an underlying profit of 1 million euros for the first half, its first since 2007, reflecting lower mortgage arrears and a rise in new business. The bank is the smallest of Ireland's three remaining domestically owned banks and last to return …

  • BUZZ-Virgin Money: rebounds after robust H1 Reuters - UK Focus - Tue, Jul 28, 2015 10:00 BST

    ** Virgin Money bounces back after recent hefty losses after the UK challenger bank posts strong H1 profit on surge in mortgage lending ** Stock, which suffered its worst day in short history as a listed ...

  • Ireland's permanent tsb to compensate over 1,000 mortgage customers Reuters - UK Focus - Tue, Jul 28, 2015 09:21 BST

    Irish lender permanent tsb has agreed to compensate 1,372 customers after the country's central bank found that it failed to warn them of the consequence of breaking the term of a particular loan agreement. ...

  • Virgin Money posts strong first-half profit on surge in mortgage lending Reuters - UK Focus - Tue, Jul 28, 2015 07:19 BST

    British bank Virgin Money said its first-half profit jumped 37 percent, bolstered by a surge in mortgage lending. The bank, which listed last year and is backed by billionaire Richard Branson, said it ...

  • Irish property recovery loses momentum after new restrictions Reuters - UK Focus - Mon, Jul 27, 2015 13:27 BST

    Irish residential property prices rose at the slowest annual rate in more than a year in June as new restrictions on mortgage lending have stunted the market's recovery from a real estate crash. Ireland (Other OTC: IRLD - news) 's central bank introduced restrictions on mortgage lending in February to try to ensure price …

  • Credit ratings agency says UK has been 'toughened up' by the financial crisis and can cope with higher mortgage payments

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