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Airbnb hosts exposed as insurers ignore the needs of those providing short term lets

Andrew Hagger | March 21, 2019

21 Mar 2019 A new report on the UK property insurance industry, has found that the insurance needs of around one million short-term letting hosts are not being adequately accommodated by the UK’s major insurers. They are either being excluded from, compromised by or voided from their existing insurance policies. The report – Insurance in the […]

Brits spend £4.6 billion in credit card cash transactions, resulting in £219 million paid in charges

Andrew Hagger | March 21, 2019

21 Mar 2019 Research carried out by financial advice website Moneycomms.co.uk and supported by credit experts TotallyMoney has revealed that credit card cash withdrawals cost UK consumers £219 million in fees and interest last year. In the 12-month period, there were more than 36 million credit card cash transactions. The average amount withdrawn or spent was £125. Every time a […]

New report reveals 27% increase in false insurance claims across the UK in the past year

Andrew Hagger | March 19, 2019

19 Mar 2019 Today, Cifas, the UK’s leading fraud prevention service with over 450 members, has released new figures showing a marked increase in the number of individuals committing insurance fraud with false claims. Between 2017 and 2018, there has been a nationwide increase of 27% in fraudulent insurance claims. The new figures reveal that […]

False Economies: UK adults reveal the financial decisions they regret

Andrew Hagger | March 15, 2019

15 Mar 2019 UK adults are being urged to spring clean their finances by using smart financial hacks the next time they buy a big ticket item or service.  A new study by Sainsbury’s Bank Credit Cards found nearly a third of UK adults have bought a lower quality item and then regretted not paying more […]

Your credit score explained

Andrew Hagger | March 13, 2019

13 Mar 2019 With the launch of Credit Awareness Week, credit experts TotallyMoney reveal exactly what goes into credit scores and how they’re calculated, allowing customers to understand better the reasons for any changes to them. A YouGov survey of 2,000 commissioned by TotallyMoney also highlights the lack of understanding around the subject of credit reports. Hold […]

Parents kick start savings for 21 million Brits

Andrew Hagger | March 7, 2019

07 Mar 2019 NS&I research has shown the enduring influence of our parents on building long term savings habits and the financial as well as emotional bonds between the generations. 50% of Britons had a savings account opened for them by their parent or guardian when they were a child, with just over half of […]

New wheels: One in four drivers back in the car market

Andrew Hagger | March 6, 2019

06 Mar 2019 With new number plates arriving on garage forecourts at the beginning of March, more than a quarter (27%) of motorists will be considering changing their car, despite current economic uncertainty, according to a new study from Sainsbury’s Bank. The research conducted by Sainsbury’s Bank found car buyers are planning to spend an […]

FCA cracks down on rent to own sector

Andrew Hagger | March 5, 2019

05 Mar 2019 The FCA today announced a number of measures to stop vulnerable people paying way over the odds for rent to own purchases. In future retailers won’t be able to charge more than 100% of the price of goods – a big improvement as in some cases people are paying up to 4 […]

More than six million adults refuse to discuss their will with loved ones

Andrew Hagger | February 28, 2019

28 Feb 2019 Ahead of Free Wills Month in March, research from Royal London reveals a quarter (26%) of people with a will do not discuss it as they do not want to think about dying. The research also found that one in four (27%) do not want to upset beneficiaries by discussing the contents of their […]

More homeowners choosing to improve rather than move

Andrew Hagger | February 26, 2019

26 Feb 2019 An increasing number of people are choosing to borrow more money through their mortgage to improve their home rather than move home, according to new data released by Yorkshire Building Society. Figures from the Yorkshire show there was a 12% increase in the number of homeowners choosing additional borrowing last year compared to […]