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A healthy credit score has its benefits, so make sure you manage your debt correctly.
Discover the best travel insurance policy for your next trip.
Find current accounts offering in-credit interest rates up to 5.00% AER.
Explore the best cards with a 0% introductory period.
Could the value of your state pension rise by more than inflation?
Will your loved one's gift be tax affected?
Looking for inflation beating returns? Investing in shares could be an option.
Homeowners wanting to borrow money in 2021 to fund home improvements, to add a home office or to buy a property before the stamp duty holiday ends in March could consider financing this using a remortgage or a secured loan. And, as many households look over the family budgets in January, they may also be considering if they should consolidate debts in order to reduce their monthly outgoings.
Those needing to act quickly will find a secured loan is significantly faster to complete than a remortgage. According to data from Loans Warehouse the average time from application to completion for a secured loan in October 2020 was 13 days.
However secured loans do have pros and cons and they may not be the right answer for every borrower.
A secured loan is when you use your home as security to borrow money from a lender. In general, secured loans in the UK are usually what is called a second charge mortgage. This is when a borrower already has a mortgage on their property but decides they want to borrow from another, ‘second’ lender. This may be because the borrower needs the funds quickly, for example buying a property at auction or to consolidate debts and reduce monthly outgoings. However, the risk is that if the borrower cannot make the monthly repayments then their home could be at risk.
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The Moneyfacts Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
This week's selection includes a two-year bond from SmartSave and a three-year fixed mortgage from Vernon BS
The average APR on unsecured loans and credit cards rose in the first three months of 2024, while the number of lenders and card providers fell.
The average APR on unsecured loans and credit cards rose in the first three months of 2024, while the number of lenders and card providers fell.
Financial professionals from across the industry gathered at the Royal Lancaster London to hear Tim Vine reveal the results.
Financial professionals from across the industry gathered at the Royal Lancaster London to hear Tim Vine reveal the results.
The Moneyfacts Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
This week's selection includes a two-year bond from SmartSave and a three-year fixed mortgage from Vernon BS
The average APR on unsecured loans and credit cards rose in the first three months of 2024, while the number of lenders and card providers fell.
The average APR on unsecured loans and credit cards rose in the first three months of 2024, while the number of lenders and card providers fell.
Financial professionals from across the industry gathered at the Royal Lancaster London to hear Tim Vine reveal the results.
Financial professionals from across the industry gathered at the Royal Lancaster London to hear Tim Vine reveal the results.
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Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.