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News Tag: moneysupermarket

January 27, 2012

Price comparison sites helping cash-strapped consumers

by Jan Harris
Price comparison sites launched
With household incomes under increasing pressure from inflation and unemployment more consumers are turning to price comparison services to help them reduce their outgoings and the New Year has seen the launch of several new sites. Insurance specialist comparethemarket.com has launched a new service which allows consumers to find which credit cards and loans will best meet their needs. After putting in details ...




July 19, 2010

Complicated bank accounts confuse savers

by David Masters
Complicated bank accounts confuse savers
Consumers don't bother to put money aside for the future because of low interest rates and complicated best buy introductory offers, a financial expert has claimed. Andrew Hagger of Moneynet.co.uk said consumers are "baffled" by the complex special offers banks use to attract new customers. "It is no surprise that many consumers, baffled by complex accounts often riddled with restrictions, do not bother to ...




December 9, 2009

Rise in first-time buyer mortgages

by Gill Montia
”Rise
Potential first-time buyers who are dreading the end of the stamp duty holiday are being cheered on by moneysupermarket.com. The price comparison website has calculated that the number of mortgage products available to those keen to get a foot on the property ladder has risen to 1,354, up 18.3% on August's low. The firm's mortgages channel manager, Hannah-Mercedes Skenfield, says: "It is encouraging to ...




September 9, 2009

Mortgage data shows housing market confidence recovering

by Gill Montia
”Mortgage
Latest figures from moneysupermarket.com indicate that confidence in the UK's property market is recovering. Since January, the price comparison website has recorded a 20% rise in the number of searches for mortgages for house purchasers. As a result, the number of property movers visiting the site has exceeded the number of remortgagers. Remortgage searches fell by a third at the end of August, ...




August 24, 2009

Interest only warning for mortgage borrowers

by Gill Montia
”Interest
Moneysupermarket.com has issued an "interest only warning" with regard to mortgages. According to the financial website, 23% of UK mortgage holders are currently only paying the interest on their loans, leaving the amount of capital borrowed in tact. However, switching to a repayments mortgage can save thousands of pounds over the life of a typical mortgage. Based on a £150,000 standard variable rate loan ...




August 18, 2009

Mortgage arrears charges short on sympathy

by Gill Montia
”Mortgage
Moneysupermarket.com is continuing its campaign against the mortgage arrears charges that add to the burden of households in financial difficulties. The website's latest survey shows Lloyds TSB and its Cheltenham & Gloucester unit charging a hefty £206 for repayments three months or more in arrears, while GMAC and Abbey top the tables in the one month's arrears category, at £50 ...




June 29, 2009

Tracker/fixed-rate dilemma unravelled

by Gill Montia
”Tracker/fixed-rate
The tracker versus fixed-rate dilemma that currently faces homeowners has been investigated by moneysupermarket.com, with the odds laid out as follows: Mortgage borrowers on tracker rates saw their monthly repayments fall substantially, as the base rate plummeted to 0.5%. However, further falls in the base rate are unlikely whereas a rise is inevitable, probably by the end of the year. This prospect makes the idea of a ...




December 18, 2008

Fixed-rate accounts best for savers

by David Masters
Fixed-rate accounts best for savers
With Bank of England cuts in the base rate of interest expected to continue, Brits with savings are best to invest in fixed-rate accounts to protect their finances. This is the advice of price comparison site Moneysupermarket.com, who believe that a fixed-rate ISA is the safest place for savings during the economic downturn. And with recession and job losses looming, the number of people ...




September 16, 2008

First-time buyers rely on parental support

by Gill Montia
First-time buyers rely on parental support
Price comparison website, Moneysupermarket.com, has reported that over 50% of the first-time buyers that approach mortgage lenders using its site are receiving financial support from parents. Those attempting to get a foot on the property ladder have been particularly hard hit by borrowers raising deposit requirements and according to research from Moneysupermarket, parents are providing help with initial costs, such as deposits, ...




July 24, 2008

Tracker mortgages provide strong competition for fixed-rates

by Gill Montia
Tracker mortgages provide strong competition for fixed-rates
Moneysupermarket.com is alerting homeowners to the fact that the average two-year tracker mortgage is offering increasingly good value. The price comparison website's weekly credit crunch monitor shows that at the beginning of June, there was little difference between the cost of the average two-year fix and the average two-year tracker. However, the latest update puts the difference at over 0.5%, in ...




April 29, 2008

Savers urged to check small print

by Kay Mitchell
”Savers
Price comparison site, moneysupermarket.com, is warning current account savers to check the small print. For instance, Alliance & Leicester's Premier Regular Saver offers a huge 12% but only in conjunction with its current account that pays 1.5%. In comparison, the bank’s best current account pays 8.5%. Another example is getting more people to invest in shares. Abbey's Super ISA and Super Saver are ...