Detoxing your finances
UK households have been on a 'borrowing binge' in recent years, triggered in part by low interest rates and stagnant wages. TUC figures show that the average UK households unsecured debt is now £13,000; this includes personal loans, credit cards, store cards, over drafts, etc.
Loan.co.uk announces acquisition of award winning Only Bridging
Today, Loan.co.uk announced that they have taken a majority controlling stake of Only Bridging, the second mortgage, bridging, development and commercial finance brokerage. In the past six months, Loan.co.uk has opened additional offices in Northern Ireland and Cardiff and this now takes them to 4 regional offices across the UK.
How to turn a mountain of debts into one smaller monthly repayment
Struggling to manage and repay multiple debts? Did you know that if you own your own home, you could quickly reduce the interest rate on your debts as well as your monthly repayments using a second mortgage?
Budgeting: The devil’s in the detail!
Do you ever wonder where your money actually goes? Most of us have a pretty good handle on our big, fixed, expenses; most of us know approximately our mortgage repayments, utilities and council tax. But it’s the little expenses that can soon add up and leave us scratching our heads. When it comes to budgeting, the devil truly is in the detail!
Home improvements that pay for themselves!
If you’re a home owner, it’s likely that you’ve found yourself in a perpetual cycle of home improvements. Whether that’s wallpapering, painting or gardening, improving your home can be a tough slog but it’s usually incredibly rewarding.
Loan.co.uk opens Northern Ireland branch
Loan.co.uk have today announced the official opening of their Northern Ireland branch. The experienced team in Belfast will service second mortgage, bridging and commercial loan markets for Northern Irish customers and brokers, as well as mainland based businesses.
Your free ticket to a cheaper future
With ClearScore celebrating its first birthday last week, we wanted to take a brief moment to run through a quick credit score guide and explain why you should jump on the band wagon and get free access to your credit score.
Re-mortgage alternatives for "Happy Trackers"
Since the FCA and the EU commission triggered the launch of new affordability measures in the UK, the resulting "Mortgage Prisoners" have had a lot of coverage. And rightly so! Being locked out of better and cheaper deals on the basis of affordability, is not in the best interest of UK consumers.
Financial Guidance: Beware of ERCs, the hidden cost that could set you back £1000’s
When shopping for financial products, particularly on comparison websites, the easiest point of comparison is the Annual Percentage Rate (APR). But the smallest APR doesn’t always translate to being the cheapest product, especially when it comes to mortgages.
Ask the Expert: What are the consequences of not keeping up with payments for my second mortgage?
Our blog series helping the public with their frequently asked financial questions continues, this week taking a look at the issue of what to do if you realise that you can’t make your regular monthly second mortgage payments.
Ask the Expert: Do I have enough money to buy my first property?
Our Ask the Expert series continues, looking at a range of issues and problems people face when it comes to managing their personal finance. This week, we take a look at the costs of buying a property.
Improving systems and embracing consumer technology will be key to driving new growth
As the second mortgage industry gears up for FCA regulation from 21st March next year, our chief executive Paul McGerrigan discusses the need for brokers and lenders to provide a better digital experience for customers.
Ask the Expert: What options do I have if I feel my monthly outgoings are high?
Loan.co.uk’s financial FAQ series continues, advising customers on how best to manage their finances. This week’s post discusses the important things to consider when taking out a debt consolidation loan.