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Urgent Warning Issued for Millions of Barclays Customers After 4.6 Increase
- Barclays issued a warning to millions of customers about rising mortgage repayments and risks tied to the growing pay by bank payment method.
- The warning comes after data revealed that year-on-year expenditures on rent and mortgage payments increased by 4.6% in May, with many borrowers nearing the end of fixed-rate periods expecting higher repayment amounts.
- Barclays data reveals 72% of mortgage holders expect repayment rises averaging £331 per month, with homeowners choosing between longer-term fixes or flexible products.
- Money experts urge consumers to prefer credit or debit cards over pay by bank for big purchases, stating pay by bank lacks robust purchase protections.
- These developments imply homeowners should prepare for higher mortgage costs, and consumers must consider payment method risks when booking significant purchases.
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23 Articles
23 Articles
Swindon Advertiser+2 Reposted by 2 other sources
Warning issued for millions of Barclays customers after 4.6 increase
An urgent warning has been issued for millions of Barclays customers who have a mortgage.
·Swindon, United Kingdom
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The Herald Scotland+17 Reposted by 17 other sources
Urgent warning issued for millions of Barclays customers after 4.6 increase
A warning has been issued for millions of Barclays customers who have a mortgage.
·Scotland, United Kingdom
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Coverage Details
Total News Sources23
Leaning Left1Leaning Right0Center20Last UpdatedBias Distribution95% Center
Bias Distribution
- 95% of the sources are Center
95% Center
C 95%
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