Matt Wiseman, Author at The Money Hub

National Minimum Wage

The changes to the national minimum wage (now the national living wage), will affect people in different ways. Some people will win, others will lose, and some won’t be affected at all. Read on to find out more about how people will be impacted. Workers Over-25 The wage rise will only affect people who are over 25 years old. So, anyone who currently earns less than £7.20 an hour will now get a pay rise because of the new legislation. For many people who work in the retail industry, this will be a big boost for them. For example, someone [...]

By Matt Wiseman|2026-10-30T17:22:17+00:0021 July 2016|Advice, Blog, Employment, General Interest|Comments Off

Average Household Bills

Nobody enjoys paying bills, but it’s something that has to be done. There are some things that most of us simply don’t want to live without, and those things have to be paid for. Utilities Utilities refer to all the main bills that we have to pay to keep the home warm and functioning. So, that includes water, electricity and gas. Most households in the UK will pay between £75 and £125 per month for their utilities. If you want to save some money on these bills, then you should compare the different offers from different providers. This is now [...]

By Matt Wiseman|2026-10-30T17:22:17+00:0016 June 2016|Advice, Blog, Debt, General Interest, Loans, Mortgages|Comments Off

Stamp Duty Changes

For homeowners with more than one property, the rules around stamp duty have now changed. The changes came into effect on April 1st, and they will add an extra 3% to the stamp duty bills of people buying a second home. For people who don’t already have a home, then this won’t have any impact. It’s a change designed to hit those wanting to own two homes and buy-to-let landlords who have a portfolio of properties that they own. The idea is that the changes will level the playing field a little between buy-to-let investors and first-time buyers. That’s because [...]

By Matt Wiseman|2026-10-30T17:22:17+00:0010 June 2016|Advice, Blog, General Interest, Investments, Mortgages, Property|Comments Off

Buy to Let Affordability Changes

Landlords should face tighter borrowing rules and tougher affordability tests according. That’s the verdict of the Bank of England. The bank wants to crack down on the problem of buy-to-let lending. The Prudential Regulation Authority, which regulates banks, has said that it wants to make checks stricter. This will ensure that buy-to-let investors will be able to repay their debts. And they will also have to prove that they could cope with higher interest rates if they were to rise in the future. This should weed out those landlords who can’t really afford to invest. It’s feared that many lenders [...]

By Matt Wiseman|2026-10-30T17:22:17+00:0023 May 2016|Advice, Blog, Buy to Let Mortgages, General Interest, Investments, Mortgages, Property|Comments Off

The Costs of having Children

Perhaps one of the biggest expenses many of us bear aside from getting a mortgage is having children. Lots of people in the UK are keen to start a family and often have dreams of being parents to two or more kids. It's no secret that the cost of living goes up each year. For many people, their salaries don't increase to keep up with the additional cost. As a result, many of us find that we have less disposable income to enjoy each month. The reality is some people find they can seldom afford to have more than one [...]

By Matt Wiseman|2026-10-30T17:22:18+00:0029 April 2016|Blog, General Interest|Comments Off

Luxuries to Cut Back when Interest Rates Rise

Interest rates are often a hot topic of discussion for many people. At the time of writing, the Bank of England's "base rate" of interest stands at 0.50%. If that rises, it will almost certainly have a profound effect on the economy. For example, your mortgage interest rates will also rise. When that happens, you may have to pay more money each month if you're on a variable rate. The Bank of England's base rate has been low for a while now. But, if they decide to raise it soon, you could find yourself out of pocket each month. If [...]

By Matt Wiseman|2026-10-30T17:22:18+00:004 April 2016|Blog, General Interest|Comments Off

Starting a New Life

If you’ve watched the movie Into The Wild, you’ll be familiar with the story of a young man disillusioned with his life. He gets rid of everything he owns, changes his name and goes into the wild to live. Now, that may not happen in as drastic a fashion these days, but selling up and moving away has become more common. More and more people are selling everything they own and searching for a new life elsewhere. If you decide, this is something you’d like to do you’re going to need to plan this in advance. The flying by the [...]

By Matt Wiseman|2026-10-30T17:22:18+00:0011 March 2016|Blog, General Interest|Comments Off

The Rise and Fall of Payday Loans

These days it's hard not to come across payday loans. You see adverts for them on TV, the Internet and even in newspapers and magazines. The chances that a friend or family member will have used them are also high. The concept of a payday loan is simple. If you're strapped for cash, you might still have a couple of weeks until you get paid. To bridge that financial gap, you could borrow a short-term loan. Or, as you know it - a payday loan. Some experts feel the rise of the payday lender is thanks, in part, to the [...]

By Matt Wiseman|2026-10-30T17:22:19+00:0026 February 2016|Advice, Blog, General Interest, Loans, Unsecured Loans|Comments Off

Clearing your Student Loans

When it comes to further education, there's no escaping the fact we have to borrow some money. University tuition fees cost thousands, and there's little in the way of financial help. The most common route to lending is by taking out student loans. These days, student loans can often reach five-figure sums. When people graduate from university, they have to find a way of paying their student loan debt back. As you can imagine, it's a hard struggle if you're looking for work or already have a debt to pay. The good news is there are plenty of simple ways [...]

By Matt Wiseman|2026-10-30T17:22:19+00:0018 February 2016|Advice, Blog, Debt, Employment, General Interest, Loans, Unsecured Loans|Comments Off

Sorting your Finances for the New Year

As we start to approach the end of the year, many of us will be thinking about getting ready for Christmas. But, for some of us, such a joyous occasion isn't at the forefront of our minds. Instead, money worries can take centre stage. Especially when it means having less money available because of the Christmas period. When making a new year resolution, one of them should be to sort out any financial problems. Here are some handy tips to help you get your finances sorted out for the new year: Get a handle on your spending The first and [...]

By Matt Wiseman|2026-10-30T17:22:19+00:004 December 2015|Advice, Blog, Credit Cards, Debt, General Interest, Savings|Comments Off

About Matt Wiseman

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