moneynet in the press

The Guardian – 23rd December 2006

HELP AT HAND TO DEAL WITH THE FESTIVE FINANCIAL HANGOVER

Withdrawing cash on a credit card is a very costly way of getting money. “Hefty handling costs of as much as 2.5% of the amount withdrawn and interest payable on the advance will turn this quick-fix in to a long term disaster,” said price comparison site Moneynet.co.uk.

Tiscali & MSN (web) – 7th December 2006

WAR DECLARED IN ‘PREMIER’ CURRENT ACCONT MARKET

Richard Brown, chief executive of Moneynet.co.uk said those looking for a no-frills bank account with good credit interest and overdraft facilities should consider Alliance & Leicester’s Premier Direct account. “It’s unbeatable – with credit interest of 6.1% and an interest free overdraft up to £2,500 for 12 months,” he said. There are 56 million personal current accounts in the UK, with packaged accounts accounting for 7 million of them, according to Mintel.

Money Marketing – 7th December 2006

CAMPAIGN GATHERING SUPPORT FROM ALL SIDES

Moneynet and Lifesearch add pre-sales health warnings to their websites, warning on the hazards of buying protection products on an execution-only basis.

Mortgage Strategy – 4th December 2006

WE’RE DREAMING OF A COOL CHRISTMAS

Between March and May this year price comparison website Moneynet.co.uk reported a 20% increase in ‘non-standard’ borrowers.
So are customers opting for the sub-prime route because of fears about their poor credit histories?

Birmingham Post – 2nd December 2006

LONGER TERM FIXED-RATE MORTGAGES BECOME MORE ATTRACTIVE

“The longer the term of the deal, the more likely it is that the borrower’s circumstances will change.” This could catch out those who need to borrow more money in future or want to buy an unusual property. “You may find the options restrictive when there is only the existing lender to talk to,” said Richard Brown, chief executive of price comparison service Moneynet.co.uk. “And if there’s a need to increase the mortgage size in the future, there’s no guarantee that the most competitive rate will be offered on the balance of the mortgage next time around.”

Readers Digest – 1st December 2006

PRE-PAID PLASTIC HAS HIDDEN COSTS

Richard Brown of www.moneynet.co.uk says parents should treat cards aimed at teenagers with caution. “They can perform a valuable educational role, but they can prove extortionate. Loading the card with just £10 means you will be charged 85p, or 8.5%.”