When the Halifax Building Society, as it was then, launched the first UK fixed rate mortgage in November 1988 the interest rate charged was 12.75% and the average UK property price stood at £55,448* Fast forward 30 years and the average rate for a 2-year Read More
Following today’s FCA announcement that the way the banks operate and charge for overdrafts needs fundamental reform, Andrew Hagger of Moneycomms looks at how some customers with the big banks are paying way over the odds for agreed overdrafts. An overhaul of bank overdrafts is Read More
Andrew Hagger of Moneycomms looks at the latest trends in the UK credit card market. Statistics released today by UK Finance revealed that £1.62 billion of credit card balance transfers took place in January – the highest value one month switch since March 2006. While Read More
Personal Loan rates on the up as borrowers face a credit squeeze Andrew Hagger of Moneycomms.co.uk looks at the latest changes in the consumer lending market. Personal borrowers have enjoyed record low personal loan rates and long term interest free balance transfer deals in recent years, but Read More
It was almost a foregone conclusion that the Bank of England Monetary Policy Committee would vote to increase bank base rate today, for the first time in a decade. Borrowers For many mortgage customers it won’t make any difference as they will be on a Read More
© Money Comms 2018
MoneyComms is a limited company registered in England and Wales as MONEY COMMS LIMITED. Registered no 8217036 Registered Office: 14 Langdale Park Lowestoft NR32 4XF VAT Reg No 227292896
Website built by Web Propelled
