Tag: expensive

London’s New Bond Street is Europe’s most expensive retail location

London’s New Bond Street is Europe’s most expensive retail location

A report by property firm Cushman & Wakefield has revealed New Bond Street in London is Europe’s most expensive retail location with rates soaring by 19.4% on year. Store rents grew to £536 per square foot per year, higher than those on Paris’ Avenue des Champs-Elysees. New Bond Street is home to exclusive brands such [...]

Consumer anger as cheapest credit card debts paid off first

Consumer anger as cheapest credit card debts paid off first

The Government recently unveiled plans to crackdown on credit card and store companies, which will see a change in the order of priority for credit card repayments, so that the most expensive debts are paid off first. The proposals are being put out to consultation by the Department for Business Innovation and Skills (BIS). The [...]

Payday loans deemed most expensive forms of loan

Payday loans deemed most expensive forms of loan

Research from price comparison service, uSwitch.com, has found that while Payday loans may offer quick and easy cash, they are one of the most expensive forms of loans in the UK, with some APRs of up to 9889.3%. According to uSwitch.com, a consumer taking out a payday loan of £750 could end up owing £1,687.50 [...]

The rip-off of women-only car insurance

The rip-off of women-only car insurance

Specialist motor insurance for women and older drivers is often more expensive than traditional insurance, claims moneysupermarket.com. Research by the price comparison site found that a 30-year-old woman driving a Ford Focus would pay an average of £622 with a women-only brand. This is 60% higher than the average cover price of £388 from traditional [...]

Interest only mortgage can be an expensive mistake

Interest only mortgage can be an expensive mistake

Moneysupermarket.com is cautioning homeowners struggling with their finances against switching from a repayment to an interest only mortgage. The idea will tempt many as on the average £150,000 loan, moving to an interest only deal could reduce monthly payments by up to £236. However, the price comparison website warns that such a move will dramatically [...]