03/09/2017 - 22:39

The largest high street banks in the UK desperately try to entice customers with their current account packages. Thus, most of them now offer numberless extra benefits (cheap loans, car breakdown coverages, holiday insurance) with the aim to attract new customers and to gain the competitive advantage on the market.

03/09/2017 - 22:35

The major reason why people decide to sell their property and move is purchasing a larger house.

03/08/2017 - 23:12

According to the results of the study carried out by Lettingsearch.co.uk renting houses might appear to be cheaper than long term buying.

03/08/2017 - 23:11

The Department for Work and Pensions (DPW) has carried out a survey which has revealed that as much as 80% of young people aged 18 to 24 don’t have a pension plan. About 50 % of 25 to 34-year-olds didn’t start investing into their pensions, although the majority of them did admit that they found it to be the most suitable way of ensuring a financially secure retirement.

03/07/2017 - 23:30

The Post Office is about to introduce a new set of banking services especially for people who belong to low-income category.

03/04/2017 - 23:45

The Office of Fair Trading reported that Royal Bank of Scotland (RBS) has been subjected to a penalty charge equal to 28.6 million pounds for disclosure of loan pricing information with its competitor Barclays.

03/02/2017 - 23:22

The Financial Services Authority (FSA) said that in all probability EU rules would not allow building societies to raise funds with the help of a suggested new financial instrument.

03/02/2017 - 23:21

Martin Gahbauer, chief economist of Nationwide informed that the price of an average house in UK increased by 0.7% in March, for the most part recovering from the 0.8% dip registered in February. At the moment, the average UK house price is £164,519, which is a 9% improvement from March 2009.

02/27/2017 - 19:23

Experian, Credit reference agency, has notified that the mortgage market is at risk of losing £1.2bn because of increased fraudulent activity this year.

02/23/2017 - 22:48

It was revealed by the British Bankers’ Association (BBA) that gross mortgage lending in February amounted to £8.6 billion, having shown an improvement from £8 billion in January.

02/22/2017 - 21:30

The National Audit Office (NAO) warns the student loans and grants system are likely to be shattered by delays once again this year.

02/22/2017 - 21:24

It appears that consumers are less sure about a housing recuperation now than three months ago. Still, the majority think that prices will go up in the nearest future.

02/20/2017 - 22:52

This year has seen a noticeable rise in the number of consumers seeking mortgage guidance for the first time, which leads to a supposition that the housing market would be bustling with activity this year.

02/16/2017 - 23:39

According to the report of the Office of Fair Trading, there is a probability that bank customers will be given the chance to cop out of unsettled overdraft facilities, evading heavy fees imposed in case they slip unexpectedly into the red.

02/15/2017 - 09:02

When several high street banks were put under state control by the Government in an effective way by means of huge loans from the Treasury for bailing them out, according to one of the major conditions of the bail out, the banks under consideration would use the additional funding to give loans to individuals and loans to small and medium businesses specifically, to help them successfully go through the recession and economic crisis and help bring about economic recovery in the entire UK.

02/15/2017 - 08:21

Lloyds Banking Group wants its standard variable rate (SRV) mortgage customers to increase their regular paybacks. According to a new scheme that will last until 31 March 2011, borrowers have a possibility to overpay by up to 20% without being penalized financially.

02/10/2017 - 20:56

According to the recent expectations, UK citizens will manage to save about £300 million annually due to the crackdown on credit card firms carried out by the Government.

02/08/2017 - 17:28

The industry of equity release has gone through bad times lately, mainly because of the revelation of several rumours about the way its loan products worked which spread in the 80’s and early 90’ s.

02/07/2017 - 20:54

In the first month of 2010, UK consumers borrowed £500 million more than they repaid. After the repayments made last year, it seems unexpected. Although UK citizens paid back more than they borrowed in 2009, their unsecured debts in the beginning of 2010 amounted to almost £8 billion less than at the start of 2009.

02/02/2017 - 18:43

According to the BBC, the rules about Debt Relief Orders (DROs) may become less strict, granting more people the opportunity to get back on their feet again.


The cultural transformations that have made people accept life in debt have had a direct impact on the approach youngsters take to money matters, which could lead to negative consequences in the long run as many of the next generation would resort to IVAs to cope with serious financial issues.

When we put efforts into our work and get paid for this, we get an amazing feeling of satisfaction. Our hard hard work seems to have been remunerated financially. We go shopping and buy the items we need and the items we simply want.