Thrifty Loans

Different types of mortgage explained

There are many different types of mortgage available in the UK market. Let’s see what they are all about. Standard Variable Rate Often shortened to SVR, this pretty much says what it is. It the standard rate offered by the lender and it can vary because essentially it is linked to the Bank of England [...]

Continue reading...

The biscuit tin is alive and well

During recent research, Virgin Money has discovered that people are still storing cash in the old proverbial ‘biscuit tin’ at home. The people doing this are missing out on vast amounts of interest, not only that, inflation is eating into the value of that cash sitting doing nothing in a box in someone’s home. Virgin [...]

Continue reading...

Building society bonds move up

With Bank of England interest rates on a steady rise, banks and building societies have gradually followed suit with increases in their bond interest rates. Currently Halifax is offering the best fixed rate bond for one year, at 6.26% before tax (nets to 5.01% after 20% savings tax). There is a minimum investment of £500, [...]

Continue reading...

Contact-less credit cards to be introduced to the UK

Already in Japan, it was only a matter of time before the first contact-less credit cards were introduced into the UK. It is Barclaycard that are first set to introduce these cards and they are set to revolutionise the way in which we pay for smaller purchases. Imagine the next time that you want to [...]

Continue reading...