Financial news from around the UK
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The recent cuts to energy bills made by the big six energy suppliers should have been made earlier and should… Read More
The UK economy grew by 2.6 per cent during 2014, the fastest growth for seven years, rising from 1.7 per… Read More
The Pension Tracing Service will be tripling its number of staff, to help people trace pension pots they have lost… Read More
Homes in the London Borough of Greenwich recorded the highest leap in value during 2014, says Halifax, the UK’s biggest… Read More
The UK pound is at its highest level against the Euro in seven years. The dramatic slide follows the European… Read More
Savers in Britain are getting a poor deal from their banks, says the Financial Conduct Authority, FCA. The regulator found… Read More
The cost of bringing up a child from birth to the age of 21 has increased by close to £2,000… 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.
