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Home Tag "finance"

Mortgages: Short-Term Or Long-Term

It’s easy to be overwhelmed by the sheer number of mortgage products available. The trend towards offering non-traditional mortgage terms doesn’t help when you’re trying to decide which loan is best. Banks and building societies are increasingly offering longer-term mortgages lasting 30 or 40 years alongside the ‘standard’ 25-year term with which many of us […]

Open Banking: What’s In It For You?

Open banking has heralded something of a revolution in the retail banking industry in the UK. It offers protection if you decide to share personal banking information with authorised third parties, and as a bank customer could offer you access to financial tools and resources that make money management easier. The second Payment Services Directive […]

A Sting In The Tail

Personal Contract Purchase (PCP) is used by thousands of drivers to finance a car purchase, as it offers flexibility and affordability. PCP is a loan but, unlike a traditional loan, you won’t own the car at the term end (unless you choose to). This has the advantage of lower monthly payments. Determined by the dealer, […]