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Saturday 22nd of May 2010

News Tag: MoneyExpert.com

May 17, 2010

Passbook accounts pay “derisory” rates

by David Masters
Interest rates paid by banks on passbook accounts are "derisory", a financial expert has claimed. Pierre Williams, head of research at MoneyExpert.com, said more than half of passbook accounts pay gross returns of under 1%. Passbook accounts pay an average interest rate of just 0.99%, 0.24 percentage points lower than the average paid on all instant access accounts. Williams said the lower interest rates are likely to hit elderly savers ...

February 25, 2010

Lenders soften up on loan-to-value ratios

by Gill Montia
Lenders are softening up on their loan-to-value (LTV) ratios, according to MoneyExpert.com. Research by the price comparison website shows the number of fixed-rate deals at 90% LTV or above almost doubling in the last 12 months, with 147 products to choose from today, up from 78 this time last year. However, those seeking LTVs of above 90% have only 61 home loans to ...

September 7, 2009

Lenders convert to “percentage” arrangement fees

by Gill Montia
New research from MoneyExpert.com indicates that mortgage lenders are keener than ever to apply fees based on a percentage of the loan they are providing. Application fees have become something of a scandal in the credit crisis, with banks and building societies applying levels that make headline rates nonsensical. The charges have offered a convenient method of increasing margins for lenders, many ...

January 7, 2009

Debt worries plague the nation

by David Masters
Debt worries plague the nation
Nearly one in three people in the UK are struggling with debt, new research has discovered. A poll by MoneyExpert.com found that 30% of people are worried about their ability to stay on top of loan, credit card, and mortgage repayments. The study also found that more than one in eight people have asked for advice on managing debt because they are struggling to ...

June 5, 2008

British people in denial about debt

by Kay Murchie
According to new research from MoneyExpert.com and CreditExpert.co.uk, many Britons are in denial about the level of debt they are in, while others worry about their ability to manage their debt. MoneyExpert.com, the financial comparison website, said its latest Debt Index revealed that in the last 3 months, the number of people concerned about their debt increased from 33% to 38% , ...