Married life begins £9,000 in the red
It's a fact that weddings are becoming more pricey. It's hard to define the exact cost but it's believed to be around £15,000 to £20,000 for the average UK wedding.
Historically families would all chip in and help pay for the wedding. Today couples are leaving it longer to tie the knot giving them time to save and pay for the big day out of their own pocket.
If the bride and groom simply cannot wait and save for the big day they are typically borrowing on an unsecured loan to fund all or part of the cost for their wedding. It's estimated than an additional £80 million was borrowed to wholly or partially cover wedding costs during 2008. The
average wedding loan sits just under £10,000 and can be is arranged on a secured or unsecured basis depending on what suits best.
Loans for weddings are fairly straight forward to arrange and come with a wide range of repayment options to suit your needs, with less complication than the many options you're presented with when arranging your wedding.
For those of you getting married the following website is a great resource for the Bride, Groom, Bridesmaids and Best Man and all other members of the wedding party:
www.hitched.co.uk
Click here to get an idea of your
wedding loan.