Tag: moneysupermarket.com

Car insurance prices fall 11%

Car insurance prices fall 11%

The average cost of car insurance premiums has fallen by nearly 11 per cent, according to research by price comparison website MoneySupermarket. Premiums have been rising for some time but increased competition among insurers and the use of price comparison sites, has finally helped prices to fall across the UK. Motorists in Cleveland and Harrogate […]

September 24, 2012 More
Automatic insurance renewal costs motorists £3 billion

Automatic insurance renewal costs motorists £3 billion

Automatic car insurance renewals are causing British drivers to be collectively out-of-pocket by £3.1 billion a year. Price comparison site MoneySupermarket.com claims that the 8 million drivers who remain with their existing insurer could save £404 each if they shopped around. More than one in five UK car owners automatically renew their motor insurance, according […]

August 30, 2012 More
Catalogue debt growing says helpline

Catalogue debt growing says helpline

Calls from people concerned about their debts with mail order catalogues accounted for more than 12 per cent of all calls received by National Debtline last year, compared with just 8 per cent in 2007. More people were concerned about catalogue debt than about payday loans, mortgage or rent, according to the Money Advice Trust […]

May 23, 2012 More
Sainsbury’s offers 6.9pc credit card

Sainsbury’s offers 6.9pc credit card

Retailer Sainsbury’s is offering a credit card with an interest rate of just 6.9 per cent on new purchases, but the card is only available to nectar card holders with good credit ratings. According to new research by the retailer, the number of cards offering a lower-rate APR over a long-term, with no introductory offer, […]

May 15, 2012 More
Home insurance may not cover empty properties

Home insurance may not cover empty properties

Housing charity Empty Homes has highlighted a clause in many insurance policies which could leave homes uninsured if they are left unoccupied. It is estimated that there are 930,000 empty properties in the UK and while their owners may think they are covered by insurance, this clause could mean that many are actually uninsured The […]

Annual credit card statements launched

Annual credit card statements launched

Consumers are used to receiving a monthly credit card statement, either online or by post but from today they will receive an annual statement as well. The initiative has been launched by the UK Cards Association and the Department for Business, Innovation and Skills, as part of the credit card industry’s efforts to be more […]

April 2, 2012 More
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 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 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 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 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 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 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 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% […]

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 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 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 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 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 More