Open banking shakes up personal finance

This week a series of new rules are to be introduced to promote ‘open banking’ the aim of which is to give the customer more choice on financial products. It’s one of the biggest changes to modern banking in years and means that customers will be able to share their personal information with companies other […]


Is the sub-prime mortgage market back?

Everyone in the financial industry seems to be wary of the term ‘sub-prime’, in reality this relates to those people with poorer credit histories. The 2007-2008 financial crisis had a major impact upon the sub-prime lending market, indeed some claiming that it was practically impossible for a sub-prime candidate to obtain any kind of loan. […]


How does Brexit affect demand for credit?

A report published by the Bank of England has shown that lenders expect a slowdown in demand for credit from both households in terms of unsecured loans and credit cards, and businesses, as a result of the ‘Brexit’ out vote. Lenders said that demand for mortgages was set to slow down, and this is now […]


The end of the Money Advice Service, what next?

Of all the announcements on the Budget, there was perhaps one that was missed, namely that the Money Advice Service (MAS) is no longer.  Indeed the government backed service, made possible by a levy on the financial services industry, is to be restructured into a money guidance service. With millions of us in debt and […]


Money Management Education classes for all?

For a lot of us, money management and the financial perils that go with it are beyond our comprehension. Unsecured Loans, secured loans, APR, ‘teaser rates’, pensions, mortgages, savings and investments, stocks and shares, how much do we really understand? Furthermore what are the implications in later years on our ability, or lack of it […]


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