Tag: moneysupermarket

Price comparison sites helping cash-strapped consumers

Price comparison sites helping cash-strapped consumers

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 […]

January 27, 2012 More
Rise in first-time buyer mortgages

Rise in first-time buyer mortgages

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 […]

December 9, 2009 More
Mortgage data shows housing market confidence recovering

Mortgage data shows housing market confidence recovering

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 […]

September 9, 2009 More
Interest only warning for mortgage borrowers

Interest only warning for mortgage borrowers

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 […]

August 24, 2009 More
Mortgage arrears charges short on sympathy

Mortgage arrears charges short on sympathy

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 […]

August 18, 2009 More
Tracker/fixed-rate dilemma unravelled

Tracker/fixed-rate dilemma unravelled

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 […]

June 29, 2009 More
Fixed-rate accounts best for savers

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 […]

December 18, 2008 More
First-time buyers rely on parental support

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 […]

September 16, 2008 More
Tracker mortgages provide strong competition for fixed-rates

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 […]

July 24, 2008 More
Savers urged to check small print

Savers urged to check small print

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 […]

April 29, 2008 More