Number of outstanding interest-only mortgages has halved, but the risk is still real

There are currently 46% fewer outstanding interest-only mortgages than there were six years ago, according to UK Finance.

Interest-only mortgage holders only pay the interest due on the amount they have borrowed, each month, with the full amount coming …

The ‘pocket money economy’: How an income in early life can increase your children’s financial skills

Could the way you give your children pocket money improve their money-handling skills and better prepare them for the challenges of adult life?

It could certainly help them to develop strong saving habits, with research from Santander showing that 84% …