moneynet in the press

BBC Radio Wales – 5th June 2006

DRIVETIME

New research for MONEYNET.CO.UK suggests that many people are paying more than they need to for their mortgage.

24dash.com – 6th June 2006

CHEAPER MORTGAGES POSSIBLE ‘DESPITE CREDIT HISTORY’

Moneynet.co.uk said it had seen a 20% increase in the number of borrowers looking to take out home loans offered by specialist brokers who dealt with the non-standard mortgage market.
Moneynet chief executive Richard Brown said: “ whilst we believe that the adverse mortgage market is important and, for more serious cases, the only way that many people can borrow money to buy a house, the premiums being charged on the interest rate make these deals look unattractive when compared with the mainstream market. “We are concerned that some borrowers are being pushed into these more expensive deals when they could be eligible for mainstream deals at normal rates. Our advice, except in extreme cases, would be to discuss the individual details with an independent broker with a view to establishing whether or not a deal can be struck at normal rates. Only when this avenue has been exhausted should a borrower look at the adverse mortgage deals at higher rates.”

Financial Adviser – 15th June 2006

MONEYNET WARNS OF RISE OF ADVERSE

Richard Brown, chief executive of Moneynet.co.uk said “It is a worry that adverse deals, which can be more profitable for lenders and brokers, are being promoted to borrowers who may be eligible for standard mortgage deals from high street lenders.” He added that consumers with only minor arrears or small county court judgements can often be lent to at normal rates he said.

Sunday Express (Financial) – 25th June 2006

BUY HOLIDAY COVER WITHOUT ANY TRIP-UPS

Buying from insurers online can give discounts of up to 10 per cent, but weigh up the deals. Cost-comparison sites – including, www.moneynet.co.uk show the best prices from assorted insurers.