moneynet in the press

Belfast Telegraph – 30th September 2006

INSURANCE HOME TRUTHS

Richard Brown, chief executive of personal finance website Moneynet, believes the idea of compulsory MPPI is being driven by rising debt and mortgage arrears. Yet, under a compulsory scheme, many homeowners will be paying for costly cover that might give them little protection. Brown said “We would caution against accepting quotes from high-street lenders, which are expensive when compared to stand-alone policies.”

North West Telegraph (Derry Ed of Belfast Telegraph) – 30th September 2006

INSURANCE HOME TRUTHS

Richard Brown, chief executive of personal finance website Moneynet, believes the idea of compulsory MPPI is being driven by rising debt and mortgage arrears. Yet, under a compulsory scheme, many homeowners will be paying for costly cover that might give them little protection. Brown said “We would caution against accepting quotes from high street lenders which are expensive when compared to stand-alone policies.”

Financial Adviser – 28th September 2006

COMPULSORY MPPI IS ‘ON THE CARDS’

Increased speculation that mortgage payment protection insurance could become compulsory could place an additional burden on homeowners, according to Moneynet. The personal finance website said that record levels of missed mortgage payments and increasing debt could prompt the introduction of compulsory MPPI.

Chorley Guardian – 20th September 2006

COMPULORY INSURANCE LIKELY

Media speculation that record levels of missed mortgage repayments, and the worrying debt mountain shouldered by UK homeowners, will prompt the introduction of compulsory MPPI could give high street banks a major payday, said Moneynet chief executive Richard Brown. “Making this insurance compulsory would effectively mean substantial additional monthly costs would be passed on to homeowners, even if as has been hinted – the Treasury demand that lenders and mortgage companies provide the cover as a bolt on to protect borrowers against falling into deep debt should they lose their jobs or be unable to work.”

Sunday Telegraph – 17th September 2006

THE GREAT CREDIT CARD CASH GRAB

“A golden rule is that a credit card should never be used for the withdrawal of cash as this usually means paying a fee of 2 to 3 per cent in addition to an inflated rate of interest,” says Richard Brown of Moneynet, the comparison website.

Nantwich Chronicle – 13th September 2006

CUTTING THE COST OF STUDENT LIFE

A similar choice is offered by personal finance website Moneynet.co.uk, where chief executive, Richard Brown, says banks appear to be cutting back on incentive offers this year.

‘Hold fire for a few weeks and see what other incentives are on offer at the start of the new academic year,’ says Brown.

Scotland on Sunday – 10th September 2006

HUNT DOWN A BARGAIN ONLINE

These were followed by an army of websites which have focused on comparing the cost of financial products, such as Moneysupermarket.com, Moneyextra.com, Moneynet.co.uk, Uswitch.com, Confused.com, Moneyfacts.co.uk and Comparethemarket.com. The Which? website, too includes a mortgage calculator to help in picking your home loan.

Cover – 1st September 2006

SUMMER SLUMP IN LIFE COVER ENQUIRIES RINGS ALARM BELLS AT COMPARISON SITE

The level of enquiries for live cover plummeted by almost 50% over June and July, according to financial data comparison service Moneynet. Enquiries on Moneynet fell from almost 8,000 during May to just over 4,000.