Mortgages vs Corona Virus – Bank of England slashes interest rates

The Bank of England has cut the base rate from 0.75% to 0.25% in an emergency response to the “economic shock” of the coronavirus outbreak. This is the lowest they have been for hundreds of years. The base rate is the Bank of England’s official borrowing rate. (what it charges other banks and lenders when they borrow money) The surprise …

Tips to manage different types of debt

The older you get, the easier it is to see practical reasons why so many of us use a credit card or borrow money for a car, house, vacation or any other major expense. Debt can eat into our pay and savings for months or years on end. Instead of letting these debts gnaw away at your money, you can …