Personal Finance NewsWith many experts predicting an interest rate rise in early to mid-2016 there has been increased focus on consumers currently on a variable rate mortgage and the potential cost implications they face. The last time there was an increase in base rate was back in July 2007 so there are thousands of borrowers out there […]
Research from Policy Expert reveals that almost half (47%) of parents are happy for their child to regularly take valuable items such as mobile phones, iPads and computer consoles to school with them. One in five (21%) trusting parents allow them to take more than £250 worth of gadgets, jewellery and other costly goods with […]
Research from Kwik Fit reveals that 3.6 million motorists wait until MOT failure before changing their tyres. Kwik Fit warns that not only can illegal tyres leave motorists risking three penalty points and £2,500 in fines, but even more importantly, can seriously compromise their vehicle’s safety and handling. With the end of summer approaching and […]
An offset mortgage is a smart and tax efficient way to cut your mortgage costs, yet reports suggest that only around one in ten borrowers are currently taking advantage of this type of home loan. It can be a big money saver for mortgage borrowers and makes even more sense in times like these when […]
As financial companies increasingly look to use social media to assess an individual’s suitability for products such as mortgages, loans and credit cards, research from Equifax reveals that 75% of consumers are unlikely to allow them access to this data. The online survey, conducted by YouGov, found that 76% of consumers are against financial companies […]
New data unveiled today shows that Britons are spending an average of 66 per cent of their monthly income on essential bills and expenses. The research commissioned by Scottish Friendly also reveals that four in 10 people believe they are not able to save any money on their monthly expenditures. Rent and mortgage repayments were […]
Gocompare.com’s Car Insurance Auto-Renewal Survey shows that nearly 6 million motorists a year fall into the auto-renewal trap by simply allowing their car insurance to automatically renew without checking other quotes first. September is traditionally one of the busiest months for car insurance renewals due to the high volume of new car sales. However, the new survey […]
Stacks of foreign cash are gathering dust in Britain’s homes as holidaymakers estimate having an average of £55.25 in leftover foreign currency, accumulating to more than £663 million sitting at home. New figures released today from Visa Europe reveal two in five Brits (39%) admit to keeping unused currency in the house. The research found […]
Parents will collectively spend an eye-watering £2.9 billion preparing their kids for the new school year, according to new research by Santander Credit Cards. With most schools across the country re-opening next week, the total cost of kitting out the nation’s school children with clothes, books, stationery and other necessities in preparation for the new term […]