Mortgages and Part-time Work for Students
Money Box
BBC
4.2 • 825 Ratings
🗓️ 21 October 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
The Bank of England has held interest rates at 5.25%, ending a run of 14 consecutive increases. What does that mean for mortgages? We'll also look back one year on from the mini-budget. Hear from Clare Beardmore the Director of the Mortgage Club at Legal and General and Nimesh Shah the CEO of Blick Rothenberg.
Nearly half of our universities are now encouraging students to work part time by promoting it on their websites. The Higher Education Policy Institute, which carried out the research, has described it as a major change in the attitude of universities. Dan Whitworth reports from St. Andrews.
And what does the rates freeze mean for savers - we'll speak to Anna Bowes the founder of SavingsChampion.co.uk.
Presenter: Paul Lewis Reporters: Dan Whitworth and Sam Clack Researchers: Luke Smithurst and Jo Krasner Editor: Jess Quayle
Mortgages 00:00 Students and Part-time Work 10:26 Energy Report 18:35 Savings and Best Rates 19:29
(First broadcast 12pm, Saturday 23rd September, 2023)
Transcript
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| 0:00.0 | You are about to listen to a BBC podcast and I'd like to tell you a bit about what goes into making one. |
| 0:06.5 | I'm Sadata Sese, an assistant commissioner of podcasts for BBC Sounds. |
| 0:11.2 | I pull a lot of levers to support a diverse range of podcasts on all sorts of subjects, |
| 0:16.0 | relationships, identity, comedy, even one that mixes poetry, music and inner city life. |
| 0:22.4 | So one day I'll be helping host develop their ideas, the next fact-checking, a feature, |
| 0:28.3 | and the next looking at how a podcast connects with its audience, and maybe that's you. |
| 0:33.6 | So if you like this podcast, check out some others on BBC Sounds. |
| 0:39.5 | BBC Sounds, music, radio podcasts. |
| 0:43.1 | Hello, welcome to this Moneybox podcast. |
| 0:46.0 | Half of universities are promoting part-time work to their students, but how do students fit it all in? |
| 0:51.7 | You have to be a lot more organised and sort of regimented with when you do work. |
| 0:55.0 | Sometimes I do the 1am close or something and then I'm in the library like 9am the next day |
| 0:59.0 | because I've got a lot of work to do. |
| 1:00.3 | A committee of MPs says everyone who missed out on last year's £400 £400 fuel payment |
| 1:05.9 | should now be paid. |
| 1:07.6 | And what does the bank rate freeze mean for your savings? |
| 1:14.0 | But first, is the long climb up bank rate mountain over? On Thursday, the Bank's Monetary Policy Committee paused the 14-step rise |
| 1:21.5 | from the next-to-nothing foothills to stop off at the 5.5% plateau. But to get there, it went through the narrowest pass, |
| 1:30.3 | as four of the team wanted to press on, up to 5.5%. |
| 1:34.4 | Only the House vote of the governor and three of his employees held them back. |
| 1:39.4 | So is this it? Are we now at a stable level, |
| 1:43.0 | or rather still a couple of distant peaks to climb? |
... |
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