Blog
Insights from the Charles James team
Understanding your credit score
Your credit score is a number ranging from 300-850 that deciphers how much credit a consumer is allowed to borrow, based on your financial history. The better your financial history, the higher your credit score will be, meaning more attractive lending rates for the borrower.
Despite Wage Rises, Savings Remain At Record Low
Wages are rising, borrowing is decreasing, however British savings as a percentage of income are at historic lows.
Mortgages Slow Down But Borrowing Reflects Confidence
Despite mortgage numbers falling, levels of consumer credit stays strong.
Mortgage Approvals Continue to Fall
The number of mortgages approved in August was the lowest since January 2015.
Mark Carney Outlines BoE's Post-Referendum Plans
Mark Carney announced that, while Britain was not financially secure following the EU Referendum result, the Bank of England has “a clear plan, and it is working”.
Approvals for Mortgages Decrease
Mortgage approvals fell in September last month to the lowest amount in four months.