Tag: unbiased.co.uk

Savings tops list of financial worries

Savings tops list of financial worries

There has been a substantial increase in the number of people worried about their finances over the past six months and savings are the main area of concern. A survey by financial advice site unbiased.co.uk discovered that 47 per cent of British people are more concerned about their savings than they were six months ago. […]

November 15, 2011 More
First-time buyers seek independent mortgage advice

First-time buyers seek independent mortgage advice

First-time buyers and homemovers are flocking to mortgage advisers, according to unbiased.co.uk. In the first six months of the year, the financial website recorded a 24% rise in consumers looking for advice from a whole of market mortgage broker, compared with a year earlier. The website, received over 45,000 enquiries, with potential first-time buyers leading […]

July 30, 2010 More
Saving the “victim” of the credit crunch

Saving the “victim” of the credit crunch

Saving rather than borrowing has been the “major victim” of the credit crunch, according to new research published this week. The study by unbiased.co.uk found that savings levels dropped from £38.7 billion between April and June 2008 to £19.9 billion between July and September 2008 and haven’t recovered since. In the first three months of […]

June 9, 2010 More
Brits embrace debt again

Brits embrace debt again

With the end of recession consumers are re-embracing the mantra “buy it now, pay for it later”. Brits are returning to their old habits of spend and borrow, indicating that the thrift of the recession may have been a short-lived fad. Figures from unbiased.co.uk show that at the end of 2009, consumers were borrowing 62p […]

April 5, 2010 More
Savers waste £35m by ignoring ISAs

Savers waste £35m by ignoring ISAs

Savers are being urged to make full use of this year’s ISA allowance before the 5 April deadline. Unbiased.co.uk warned that Brits are set to unnecessarily spend £35 million on tax this year because they haven’t bothered to put their savings into an ISA. Research by the financial advice website found that 5.9 million adults […]

March 25, 2010 More
Brits work 50 days to pay off interest on debts

Brits work 50 days to pay off interest on debts

Brits effectively spend 50 days earnings a year paying off interest on their debts, according to research by unbiased.co.uk. “As a nation we will spend the first 50 days of 2010 just to earn enough money to pay off the interest on our debts,” the financial advice site said. That means it took until Saturday […]

February 23, 2010 More
ISA-shy Brits waste £144 million

ISA-shy Brits waste £144 million

Brits are handing over £144 million to the government in taxes they don’t need to pay by failing to put their savings in a tax-free account. Research by Unbiased.co.uk found £109 million is being wasted by 6.2 million savers who don’t keep their savings in a tax-free cash ISA account. Some 1.7 million shareholders are […]

September 24, 2009 More
Consumer debt on the rise again

Consumer debt on the rise again

Britain’s level of debt increased again the second quarter of this year, with almost double the level of borrowing compared to the first quarter of 2009. Consumers borrowed £5.5 billion between April and June, nearly twice as much as the £2.9 billion borrowed between January and March, said financial advice site unbiased.co.uk. Savings levels grew […]

September 16, 2009 More
Baffled first-time buyers seek whole of market mortgage advice

Baffled first-time buyers seek whole of market mortgage advice

A new report from professional advice website, Unbiased.co.uk, show mortgage enquiries from first-time buyers regaining ground, after a slight fall in June. The firm recorded a 43% increase in July, indicating that some of those aspiring to homeownership are convinced the UK housing market has bottomed out. Unbiased chief executive, David Elms, comments: “Many first-time […]

September 2, 2009 More
SVRs preferred in low-rate climate

SVRs preferred in low-rate climate

Homeowners increasingly prefer to stick with a standard variable rate (SVR) mortgage rather than taking out a fixed-rate deal. Research by Unbiased.co.uk found 27% of homeowners are now on an SVR mortgage, compared with 23% earlier this year. A quarter of those on an SVR mortgage said they have no immediate plans to switch to […]

August 18, 2009 More
Britons resigned to housing market downturn

Britons resigned to housing market downturn

New research from Unbiased.co.uk indicates that the majority of Britons are not expecting to see house prices rise during 2009. In a recent survey by the mortgage advice website, 58% of respondents said they were not anticipating an upturn this year, while 18% didn’t see any prospect of an improvement until at least 2011. Twenty-eight […]

April 9, 2009 More
Tracker mortgage borrowers wasting low-interest opportunity

Tracker mortgage borrowers wasting low-interest opportunity

Many homeowners on a tracker mortgage are failing to take advantage of historically low interest rates by not making mortgage overpayments, research by Unbiased.co.uk has discovered. More than half (56%) of UK consumers on a tracker mortgage are missing out on potentially taking years off their mortgage term by keeping extra cash in their pockets. […]

April 1, 2009 More
Britain needs 83 days to pay interest on debt

Britain needs 83 days to pay interest on debt

British workers can today start reducing their personal debt as it will have taken them until yesterday to pay back the interest. Personal debt is so high in Britain that it would take the whole country 83 working days – or 1st January to 25th March – just to fund the interest payments. Total debt […]

March 26, 2009 More