HSBC has jumped on the bandwagon of January sales by launching cut-priced mortgages, savings accounts, and insurance products. “All over the world, people are making New Year resolutions and sorting out their finances is often high on that list,” said Brendan Cook, HSBC spokesperson. “This year, we want to make it easier for our customers [...]
According to the IMRG Capgemini e-Retail Sales Index, online spending growth slowed to a record low in September as heavy discounting on the High Street dragged consumers away from their computers. Furthermore, above average temperatures during the month, as well as the threat of postal strikes have all contributed to the slower growth. With a [...]
Nationwide is offering a 20% discount to new home insurance customers taking out combined building and contents cover. New customers taking out a combined policy at the building society will receive the 20% discount for 24 months. In addition, any new home insurance customers with a Nationwide current account will receive £20 cashback if they [...]
Animal owners taking out an insurance policy for their pet at Tesco over the next fortnight will receive a 35% discount. With the discount cats can be insured from £4 per month, and dogs from £7 per month. The promotion applies to all new customers purchasing a Tesco Standard Pet Insurance policy online before 19 [...]
Sainsbury’s is offering 12 months car insurance for the price of ten this summer. Motorists taking an insurance policy with the supermarket financial provider before 31st August 2009 will receive 2 months cover free. Customers who take out the policy online will receive an extra 10% discount. Features of the policy include compensation for vehicle [...]
87% of new shares offered by Lloyds Banking Group have been bought by the bank’s shareholders. Strong support was expected since the shares were offered at 38.43p – heavily discounted from last Thursday’s closing price of 67.1p. Lloyds announced the cash call in order to replace the £4 billion of preference shares held by the [...]
Tesco Home Insurance is offering a 45% discount for new customers who purchase a policy online. The supermarket financial provider said the online discount is available on its Value, Standard, and Finest cover. Value cover is Tesco’s ‘no frills’ policy, offering protection for major events such as fire, storms, theft, and floods. Standard cover adds [...]
Sainsbury’s Home Insurance has announced a range of discounts for new home insurance customers called the ’30-30-30′ deal. The supermarket bank is offering 25% discount to anyone purchasing home contents insurance before 30 June. Customers purchasing contents insurance together with buildings insurance will receive an additional 5% discount, bringing the total discount to 30%. These [...]
HSBC is launching a new home loan at the astonishingly low rate of 2.99%. However, the lender’s Premier two-year discount deal is only available to its Premier customers who must hold £50,000 in savings and investments with the bank or already have a £250,000 mortgage with HSBC. They will also need a minimum income of [...]
Direct Line is offering discounted motor insurance to new car and van customers. Britain’s biggest insurer is giving away two months free cover to drivers buying a 10 month policy. Maggie Game, head of car insurance at the company, said Direct Line is not on any price comparison websites, so it doesn’t pay commissions. Consumers [...]
With financial worries plaguing the nation, Direct Line is offering new customers a recession-busting 50% discount on home contents insurance. The insurance provider said economic slowdown is making it difficult for many households to keep up with expenses. In a recent survey by Direct Line, 22% of respondents thought it acceptable to default on a [...]
Barratt Developments is less than optimistic about the future direction of UK property prices. According to reports in The Telegraph and Daily Mail, the housebuilder is offering a huge discount to property investors who are prepared to buy five or more flats or houses from its Yorkshire East division. This week, Nationwide reported that UK [...]
Another mortgage company is prepared to pay its customers to take their business elsewhere. Oakwood Global Finance, which specialises in buying residential mortgages from other lenders, is offering a 15% discount to certain customers who can redeem their home loans, either by remortgaging or from their own funds. In addition, the firm’s usual early repayment [...]
The Council of Mortgage Lenders (CML) has published plans that will sharpen up lending practices in relation to new homes. From 1st September, new standards for the professionals who act for lenders on newly-built property transactions will apply. They aim to ensure that valuations and conveyancing procedures reflect the market value of a property and [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
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