What Is The Cost of Borrowing?

The Cost of Borrowing Pop quiz. What is the cheapest loan out of these two – Interest rate 5% Interest rate 5.5% Sounds simple doesn’t it. The interest rate is cheaper so that must be the best loan option. That said, you probably realised the obvious answer was wrong and went for the more expensive
-> Continue reading What Is The Cost of Borrowing?

Base Interest Rate Set To Stay Low?

Base Interest Rate The base rate of interest has been kept at the all time low of 0.5% for at least another month. Good news for variable rate mortgage holders, good news for borrowers. A settled and consistent base rate of interest can provide confidence, however we are increasingly seeing talk of rising interest rates,
-> Continue reading Base Interest Rate Set To Stay Low?

Loan Repayment Calculator

Working out what your loan repayments should be, could be, or even would be can be less than straightforward. Every lender does things a little differently. Some work out interest monthly, some daily. Some lenders provide a flat rate, others an APR. The thing is, underneath it all you have a customer who simply wants
-> Continue reading Loan Repayment Calculator

Why It Pays Not To Be Too Sensitive

Sensitivity Analysis ‘Sensitivity Analysis’ may sound a scientific or complicated term, but really it is very simple but too often misunderstood or ignored. Here we look at how the business owner and lender view sensitivity differently, and how unless one understands the other it will end in tears. OK, What is it? Many businesses will
-> Continue reading Why It Pays Not To Be Too Sensitive