Santander has joined with Moneysupermarket.com to add an extra sweetener to a deal designed to tempt people to switch their bank account. Anyone who switches their main current account to Santander’s Preferred Current Account via the Moneysupermarket.com price comparison site, could receive £30 in Amazon vouchers as well a £300 cashback reward. However, customers who [...]
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 [...]
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 [...]
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. [...]
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 [...]
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 [...]
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 [...]
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 [...]
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% [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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’ [...]
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 [...]
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 [...]
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, [...]
About | Privacy | Disclaimer | Resources | XML Feeds | Press Releases | Directory | Contact us
