In the interest-only phase, you make smaller payments, usually for a period of three to 10 years, that include only interest. Your principal loan balance won’t decrease at all during this first phase, ...

Your credit score shapes every aspect of your mortgage terms, from your interest rate to your total repayment amount. Lenders ...

Knowing how credit cards work can save you headaches and cash. In a nutshell, credit cards provide access to a revolving line of credit that allows you to make purchases that can be paid off later.

Latest economic research and insights delivered to your inbox each month. This paper examines empirically how the effect of interest rates on the three components of bank profits – loan loss ...

Whether you are starting something new or expand your operations, it is best to have a thorough knowledge of lending rates for businesses. These rates determine the final amount you will pay when a ...

Credit cards can help build credit while making purchases more convenient. Learn how credit cards work and best practices for using them.

The number of “green mortgage” deals available to homeowners is growing – but how do they work, and who qualifies for one? Most high-street lenders now offer some kind of green mortgage. They are ...

Money market funds, favoured by cautious investors, have soared in popularity lately. We explore how they work and how they ...

Diccon Hyatt is an experienced financial and economics reporter. He's written hundreds of articles breaking down complex financial topics in plain language, emphasizing the impact that economic ...

A portion of your returns is shielded from tax thanks to the personal savings allowance (PSA). The PSA currently stands at £1 ...