Loans for weddings increase
Loved-up couples have to take out loans to pay for their big day, new figures have revealed.
According to Sainsbury's Bank, collectively the amount of money loaned by nearly-weds in the UK will top the £1 billion mark this year.
Personal loans agreed between lenders and borrowers for the purpose of making one's wedding day memorable and special is likely to reach £1.16 billion.
Announced on the only day in four years that women are encouraged to propose to their male partners, Sainsbury's has calculated that the average loan taken out by couples to celebrate tying the knot is £9,363.
Young lovers may also find it is extremely costly to buy their first house together.
However, head of personal finance at Fool.co.uk David Kuo recently stated that couples are in a more fortunate position than single first-time buyers as they can club together their earnings to get a much bigger mortgage.
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