“Secret Saving” couples hide hundreds

iStock_000008235869_ExtraSmallA new report has revealed the UK has 2.3 million secret savers, hiding a massive £2.1 billion from their partner. According to the report by Lloyds TSB, individuals hide an average £823.48 from their partner, equivalent to 28% of their overall savings. On average, secret savers keep up to 63% of their savings and investments in their sole name, with many believing their partner would spend it, should they have access to the cash. Younger people are more likely to hide their savings though, with 80% of ...

Housing & mortgage round up: Lloyds TSB to help 60,000 first time buyers, whilst housing market improves

Lloyds TSB to help 60,000 first time buyersNo house prices surveys this week but still plenty of news to report. This week saw a huge boost for first-time buyers as a major lender shows their commitment to this beleaguered group of would-be homeowners. Elsewhere there was good news for those people looking for signs that the housing market might finally be coming out of the doldrums....

Householders paying off debts instead of saving

Continued low interest rates for savers is leading more people to repay debt rather than topping up savings, according to the Markit UK Household Finance Index. The poll highlighted that September was the eighth consecutive month where lower levels of debt have been recorded, suggesting that many householders feel they may have to face further economic hardship in the future and are paying off debts while they can.