UK Finance News

Living now and paying for it later may not have been the slogan of the boom times that grew out of the 1970s and 80s and as we all became more prosperous in latter years, spending money that we never had in the first place became something of an art form in the more recent [...]

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Most people are well aware that it’s often much harder to get a loan, mortgage or credit card today than it once used to be. The problems in the economy over the last few years have changed the way lenders do business (and the way people borrow), as the subsequent lower lending figures attest.
Even though [...]

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A decade or so ago the ‘Saga generation’ of over 50s in the UK were being targeted by shops and businesses for being the part of the UK with the most disposable income.
Everything from lavish holidays to premium pension plans was aimed at this group of people and many were happy to oblige by passing [...]

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Recent research by Yorkshire Building Society shows that the number of mortgage borrowers now on their respective lenders’ SVRs (Standard Variable Rates) is over 2.3 million, representing 28% of the total mortgage market.
Typically these households have come off fixed term discounted mortgage deals which were available two or more years ago.  Lenders SVRs, currently averaging [...]

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The pound has risen to its highest level against the Euro since November 2008 as markets show concern ahead of a deadline this week for European banks to repay loans taken out a year ago at low interest rates.
The European Central Bank will offer funds on Wednesday to banks looking to repay loans later [...]

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