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Customers Skimping on Life Cover when Changing Mortgage

| September 25, 2014 | 0 Comments

Six out of ten people who have moved up the property ladder in the past five years and taken out a bigger mortgage did not increase their life insurance cover. A survey of 2039 adults by Sainsbury’s Bank Life Insurance revealed that four in ten did not think it was necessary to review their cover […]

Better Savings Rates and Low Cost Loans with Peer to Peer Providers

| September 25, 2014 | 0 Comments

Many cynics said peer to peer lending would never work in the UK; but with savings rates from banks and building societies stuck firmly in the doldrums for the foreseeable future there’s growing evidence that this new sector is starting to become very attractive to consumers. With traditional savings rates having fallen by more than […]

30% of People Admit to Payday Spending Blitzes

| September 25, 2014 | 0 Comments

One in three people in the UK admits to living it up in the first few days after payday, blowing an average of £250 in just 24 hours. Clothing, food and alcohol are the most popular payday treats, with 55 per cent of women and 45 per cent of men going on to regret their […]

More People Switching Bank Accounts

| September 25, 2014 | 0 Comments

It’s been 12 months since the Current Account Switch Service was launched and the Payments Council has delivered its latest figures on the number of transactions. Since its launch 1.1 million customers have ditched their existing bank and switched accounts. This is an increase of 19% compared with the same period a year before, when […]

Finances Still Tight For Consumers

| September 25, 2014 | 0 Comments

Despite a much improved economic situation in the UK, over a third of people feel that their finances have not improved in the last 12 months. According to research by VoucherCodes.co.uk two out of three Brits find their ever increasing utility bills a source of financial stress as well as seeing their budgets stretched to […]

Lower Rates for Mortgage Customers

| September 22, 2014 | 0 Comments

Mortgage rates have been falling quite sharply with at least half a dozen lenders unveiling rate cuts and fee reductions in the last two months. Halifax, Nationwide, Virgin, Woolwich and Skipton have all cut rates, while others including Santander and HSBC have done away with some of their fees. Lenders are also throwing in extra […]

Home insurance – building and contents

| June 18, 2014 | 0 Comments

Considering how important our homes and possessions are to us, it’s surprising that more people don’t put more consideration into their building and contents insurance. Could you afford to replace your home if it burned down? Insuring your home is so important that most mortgage providers won’t grant a mortgage without buildings insurance; however, it’s […]

Glossary of terms

| June 18, 2014 | 0 Comments

A.S.U. – Accident, sickness and unemployment insurance (sometimes referred to as A.S.R. – accident, sickness and redundancy insurance). This is an insurance policy which is taken out by the borrower and protects against the borrower being unable to work for the stated reasons. The policy will usually pay a percentage of the normal monthly mortgage […]

Key questions you should ask your lender/adviser about your new mortgage

| June 18, 2014 | 0 Comments

1. What different repayment methods are available? Make sure you understand the whole range of mortgages available. You should be told about capital and interest mortgages and interest only mortgages as well as the different repayment vehicles such as endowment policies, ISA’s and pension mortgages.   2. What is the interest rate that I will […]

Re-mortgaging – Is it really worth it and what are the catches?

| June 18, 2014 | 0 Comments

The re-mortgage market in the UK is big business for most lenders. Mortgage lenders have become increasingly aggressive with their marketing tactics over recent years as they try to hold onto or increase their market share at the expense of their competitors. In some ways this has worked to the advantage of the consumer but […]