Big six lenders punish customers who slip onto their Standard Variable Rate mortgage rates with £3,240 annual repayment hike

The UK’s six biggest mortgage lenders are penalising customers who slip onto their Standard Variable Rates (SVR) with a £3,242 hike in annual interest repayments – more than a month’s income for the average household – according to a new sector study, the Mortgage Saver Review, from online mortgage broker Trussle. The research is the first of […]

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Brits spend nearly half of their disposable income within 24 hours of being paid

New research conducted by pension advice specialist, Portafina, has revealed that we are a nation of ‘payday millionaires’ – in other words, we are likely to spend our incomes long before it burns a hole in our pockets! The survey shows that nearly half (43%) of our monthly disposable income is splashed within 24 hours […]

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1 million more people cancel credit & debit cards in the last year due to fraud

More than one in ten (12%) Britons have had to cancel a credit or debit card in the past year due to online fraud, according to new research by comparethemarket.com. The latest statistics show a worsening state of affairs when it comes to cybercrime, with the number of people cancelling cards rising from 4.5 million […]

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Car hire can cost seven times original quote once extras added

The extras sold at car hire rental desks can often double the price of the original quote, but new research has found that it is possible for the car to end up seven times more expensive than the original quote. Hiring a compact car with Budget in Faro this May Half Term (27 May to […]

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One in four revellers suffer mobile mishap at festivals

The traditional summer-time image of stressed out Brits fleeing their screens for a weekend of muddy festival hedonism could be a thing of the past. New research by price comparison and switching service uSwitch.com reveals that the smartphone is very much a festival essential with 35% of revellers hooked on social media apps such as […]

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Nearly one in three energy customers want advice on how to switch providers to cut their bills

Nearly one in three households want  verbal support, through face-to-face or phone advice, on how to switch energy suppliers as price rises on gas and electricity bills of up to 18% come into effect, new research from leading independent energy comparison website www.moneyexpert.com shows.   Its nationwide study found 29% of households – the equivalent of […]

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Housing market to get boost as one in four Brits plan to move in retirement

New research from Retirement Advantage, the retirement specialist, suggests the UK’s property market may receive a welcome boost from retirees moving house in a bid to bolster their income in retirement.   The firm’s survey of over 50s reveals that a quarter (26%) plan to move house when they retire. Of these, almost two thirds (62%) […]

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Almost a quarter of UK adults more likely to buy life insurance with a more ‘family friendly’ name

New research on behalf of Compare Cover, the life insurance comparison website, has revealed that almost a quarter of UK adults would be more likely to buy life insurance if it was called ‘Family Protection Insurance’ instead.   It seems family really does come first for many Brits after 24 percent of those questioned said […]

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Bank of Mum and Dad wants to control how inheritance is spent

Parents are keen to keep control over how any money they leave after they die is spent by their children, new research from Prudential shows.   Rising property prices and pension wealth mean that many of the baby boomer generation plan to pass on significant assets to their heirs – and three-quarters (77 per cent) of […]

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Number of ‘children’ aged 25-34 living with parents grows by more than a third in 10 years

The number of adults aged 25-34 living with their parents could be set to grow, as property prices continue to rise, according to a new study from Aviva insurance. Analysis carried out by the insurer shows that the number of adults in this age group, living with parents, has risen by 37% over a 10 […]

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