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LGBTQ+ people experiencing homelessness issues offered bank account help
Vicky Shaw, PA Personal Finance Correspondent
16 June 2021, 3:04 pm
LGBTQ+ people experiencing homelessness issues should find it easier to open a bank account due to an initiative from a provider.
HSBC UK has teamed up with Stonewall Housing as part of the bank’s initiative to make it easier for homeless people to access basic banking.
Having access to a bank account makes it easier for people to claim benefits, receive wages and pay rent.
Stonewall Housing has experienced a 55% increase in people calling its housing advice line during the coronavirus pandemic and a 48% increase in online contact.
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New 0.99% mortgage deals launched as competition in market heats up
Vicky Shaw, PA Personal Finance Correspondent
1 June 2021, 2:59 pm
Competition in the mortgage market is heating up with the launch of new 0.99% rate deals.
Nationwide Building Society will launch a 0.99% mortgage on Wednesday for home owners looking to remortgage.
The two-year fixed-rate deal will be available for borrowers with a hefty 40% deposit and also has a £1,499 fee.
Henry Jordan, Nationwide’s director of mortgages, said: “We are pleased to be able to launch a sub-1% rate for those looking to remortgage.”
The society said it is also reducing rates on other selected mortgages by up to 0.20 percentage points, including some products for first-time buyers.