The shortage of properties available on the market is a boon for second charge mortgages, according to brokers. Figures from the Finance and Leasing Association this week revealed that second charge mortgages are continuing to grow at a significant rate. In total, £259m of second charge loans were agreed in the second quarter of 2017, up [...]
The average price of a home in the UK went up by nearly £2,000 to £223,000 in June, according to official figures. The annual rate of increase is running at 4.9%, down from 5% in May, while prices rose 0.8% between May and June. The Office for National Statistics (ONS) figures show the wide variation in [...]
Financial jargon can be tough to crack, leaving many of us in the dark. Our study of 1000 people across the UK highlights the issues with the language we call ‘banklish’. Does banking have a language problem? Seeing as people struggle to tell their AER from their APR, we decided to ask the nation its [...]
