Financial news from around the UK
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Britain has negative inflation for the first time in more than fifty years, according to the latest Consumer Price Index… Read More
Insurance companies are not making it clear that payment by instalments is more expensive, says the Financial Conduct Authority, (FCA)…. Read More
The Governor of the Bank of England has said that Britain should hold the EU in or out referendum, promised… Read More
Consumer borrowing has escalated by as much as £1.2 billion from February to March of this year, the steepest rise… Read More
Thousands of Britons are cashing in on the strong pound and buying their euros weeks or even months in advance… Read More
The Conservative Party has said that it will exempt all properties worth less than £1 million from inheritance tax, should… Read More
Many of the big high street banks are losing customers who are switching current accounts, according to recent figures from… Read More
The number of home owners taking out secured loans rose by almost 11 per cent in February, month on month,… Read More
The 1,000 richest families in Britain have seen their wealth double since the financial crisis of 2007 and 2008 and… Read More
Average house prices have reached a record high, according to property website, Rightmove. A large rise in the number of… Read More
Representative 22.93% APRC variable.
For a typical loan of £26,600 over 180 months with a variable interest rate of 19.56% per annum, your monthly repayments would be £484.00. This includes a Product Fee of £2,660.00 (10% of the loan amount) and a Lending Fee* of £763.00, bringing the total repayable amount to £87,030.00. Annual Interest Rates range between 11.7% to 46.5% (variable). Maximum 50.00% APRC. *Lending Fee varies by country: England & Wales £763, Scotland £1,051, Northern Ireland: £1,736.
Think carefully before securing debts against your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured against it. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.
