Tag: Bank

First time buyers: The end of the bank of mum and dad?

Image caption Cordelia looking around one of the many houses she’s been trying to get hold of “I can’t increase my offer any more without help from mum and dad.” 27-year-old Cordelia Clark’s first home felt within reach. She was about to scramble onto the housing ladder. But then a twist appeared. One of the UK’s biggest mortgage lenders, Nationwide,… Read more →

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Could you have to pay your bank to save money?

Image copyright Getty Images Image caption High street banks in countries with negative interest rates have so far been reluctant to pass them on to customers Countries are being forced to use extreme measures to keep the economy afloat amid the coronavirus crisis. Now, the Bank of England has signalled that it may take the cost of borrowing below zero.… Read more →