Tag: moneysupermarket.com

90% of leading mortgage products available direct

90% of leading mortgage products available direct

Nine out of ten leading mortgage products are available direct from lenders, moneysupermarket.com has reported. The comparison website suggests that the financial turmoil of the last couple of years has turned the UK mortgage market on its head and that the days when mortgage brokers had the pick of the best deals are gone. The [...]

July 30, 2010 | 0 Comments More
‘Era of debt-fuelled consumerism over’

‘Era of debt-fuelled consumerism over’

The era of debt-fuelled consumer spending is over, a financial expert has claimed, pointing out Britain’s consumer debts of nearly £1.5 trillion. Tim Moss, head of loans at moneysupermarket.com, seemed to be talking himself out of a job by claiming consumers can no longer afford to fund purchases on borrowed money. Consumers must face up [...]

July 14, 2010 | 0 Comments More
Halifax Clarity transparent but expensive

Halifax Clarity transparent but expensive

Financial pundits have praised Halifax’s new Clarity credit card for its simplicity, but warned it may not be the best deal for customers looking to borrow money long term. Moneynet.co.uk welcomed the Clarity’s easy to understand fees, with no complex introductory offer and just one rate of interest for purchases, balance transfers and cash withdrawals. [...]

July 8, 2010 | 0 Comments More
Financial education would reduce bad debt

Financial education would reduce bad debt

Young people are plunging themselves into unmanageable debt because they not being adequately educated on how to handle their finances, moneysupermarket.com has claimed. The price comparison site said the failure of Britain’s schools to offer education on money matters is putting a generation of young people at financial risk. “Financial education has been on the [...]

May 3, 2010 | 0 Comments More
Travel insurance hiked by 174% for older travellers

Travel insurance hiked by 174% for older travellers

Insurers need to “change their approach” to older travellers, moneysupermarket.com claimed this week. A spokesperson for the price comparison site made the comment after research found that British travellers can see travel insurance premiums more than double after their 65th birthday. Multi-trip policies in Europe increase by up to 174% for travellers aged 65 or [...]

March 10, 2010 | 0 Comments More
Brits in “dangerous habit” of relying on credit

Brits in “dangerous habit” of relying on credit

Over 14 million Brits are using credit cards to fund everyday expenses, according to research by moneysupermarket.com. The price comparison site said the reliance on debt to pay for day-to-day purchases is a “worrying trend”. Purchasing goods online is the most popular use of credit cards, with 56% of credit card holders using their card [...]

February 17, 2010 | 0 Comments More
Brits annoyed with consumerism of Valentine’s Day

Brits annoyed with consumerism of Valentine’s Day

Brits are fed up with the consumerism and money concerns that have invaded Valentine’s Day, a day that should be about celebrating love. Research by moneysupermarket.com found nearly a fifth (17%) of Brits are planning not to bother with Valentine’s Day because they don’t like the idea of it. “The anti-Valentine vibe is definitely in [...]

February 12, 2010 | 0 Comments More
AA Credit Card: 0% on purchases for 10 months

AA Credit Card: 0% on purchases for 10 months

The AA has launched a new credit card with a 0% interest rate on retail spending for 10 months. The card, available exclusively through moneysupermarket.com, offers the 0% rate on all purchases including motoring and fuel. Consumers can also take advantage of a 0% rate on balance transfers for 12 months, subject to a 3% [...]

February 12, 2010 | 0 Comments More
Be sure to insure winter break, warns moneysupermarket.com

Be sure to insure winter break, warns moneysupermarket.com

Brits travelling abroad this month have been encouraged to take out travel insurance by moneysupermarket.com. The price comparison site said insurance for winter breaks is available for as little as £10 per week. “Whether you’re seeking sunshine in Spain or snow on the slopes, travel insurance is an essential item when planning any holiday and [...]

February 10, 2010 | 0 Comments More
Debt management firms play on money fears

Debt management firms play on money fears

Consumers struggling to manage their debts risk falling prey to expensive debt management companies, moneysupermarket.com warned this week. Research by the price comparison site found that 20,000 people are signing up to debt management plans every week in an effort to get their finances under control. Many are using free services such as the Citizen’s [...]

February 5, 2010 | 0 Comments More
Mortgage market improving for first time buyers

Mortgage market improving for first time buyers

A wider selection of mortgages is now available to first time buyers with a small deposit, according to moneysupermarket.com The price comparison site found buyers with a deposit of 15% have 22% more mortgages to choose from compared to December 2009. Buyers with a deposit of just 10% can choose from an 11% larger range [...]

February 2, 2010 | 0 Comments More
Credit cards chastised for opaque terms and conditions

Credit cards chastised for opaque terms and conditions

Credit card providers need to get better at explaining the terms and conditions of their cards to consumers, a financial expert has claimed. Tobias Van Der Meer, managing director of moneysupermarket.com, said many consumers are unaware how credit card repayments work. Two-thirds of those polled by moneysupermarket.com didn’t know that the cheapest debt is paid [...]

January 22, 2010 | 0 Comments More
UK mortgage products exceed 2,500

UK mortgage products exceed 2,500

New research from moneysupermarket.com shows the number of mortgage products available to UK borrowers increasing for the third consecutive month, and crashing through the 2,500 barrier for the first time since May 2008. The firm’s mortgages channel manager, Hannah-Mercedes Skenfield, says: “This is good news for buyers, as passing the 2,500 barrier does suggest that [...]

January 18, 2010 | 0 Comments More
Mortgage offerings recover from summer low

Mortgage offerings recover from summer low

Lenders are cautiously expanding their mortgage offerings, with the number of home loans available rising steadily since August’s low of 2,182. According to moneysupermarket.com homebuyers and remortgagers can now choose from 2,430 products, although the figure is still well below the 3,384 available at the beginning of the year. Encouragingly for first-time buyers, the most [...]

December 24, 2009 | 0 Comments More
Consumers penalised for searching out best deals

Consumers penalised for searching out best deals

Savvy consumers are afraid to apply for the best credit card deals in case the application leaves a black mark on their credit rating. This is the view of Toby Van Der Meer, managing director of money at price comparison site moneysupermarket.com. According the Van Der Meer, the credit rating system allows credit card companies [...]

October 30, 2009 | 0 Comments More
MPs: Credit ratings penalise savvy borrowers

MPs: Credit ratings penalise savvy borrowers

Unfair credit rating practices could be called to a halt by MPs following a parliamentary investigation. Currently consumers have to apply for a loan or credit card to find out the interest rate they’ll be offered. However, each application lowers their credit score - so the more a consumer searches around for the best deal, [...]

September 24, 2009 | 0 Comments More
Social lives “hit hard” by recession

Social lives “hit hard” by recession

Many UK adults have had their social lives “hit hard” by the credit crunch, moneysupermarket.com claimed this week. Two-thirds (65%) of those polled by the price comparison site said they’re more likely to stay in since the recession started. Eleven percent said they’re holding more house parties such as barbecues and ‘Come Dine With Me’ [...]

September 16, 2009 | 0 Comments More
Make the most of “inflated” savings rates

Make the most of “inflated” savings rates

Interest rates on savings accounts are “highly inflated” at the moment because banks and building societies are desperate for deposits, a price comparison site said this week. Financial providers are offering average bonus rates of 1.93% on savings accounts, compared to 0.71% two years ago, moneysupermarket.com said. Savers should invest now to avoid disappointment, the [...]

September 7, 2009 | 0 Comments More
American Express to charge £20 “dormancy fee”

American Express to charge £20 “dormancy fee”

American Express has announced plans to start charging customers who no longer use their Amex card. The £20 per year “dormancy fee” will be charged to all Platinum Cashback credit card holders. According to Amex’s website, the fee is charged to customers “if the aggregate amount of all transactions [on their account], other than cash [...]

September 1, 2009 | 0 Comments More
Arrangement fees dive on fixed and tracker deals

Arrangement fees dive on fixed and tracker deals

Borrowers seeking fixed and tracker rate mortgages are in for a pleasant surprise because arrangement fees have fallen by around 25% in the past 12 months. Research by moneysupermarket.com has revealed that the average two year fixed-rate deal now comes with a typical fee of £957, down 30% the £1,243 average charge this time last [...]

August 29, 2009 | 0 Comments More