Personal Finance News

15 Oct

Virgin Money looking to shake up the home insurance market

Buying and renewing your home insurance ought to be a straightforward job, but with different prices charged depending whether you buy direct from an insurer or via a price comparison site trying to get suitable cover at the right price has become a real chore. However things may be about to change as Virgin Money […]

15 Oct

Over half of those planning to buy a car in the next six months will use a personal loan or credit card

  The latest figures from the Sainsbury’s car buying index  which tracks consumers’ car purchase intentions, reveal that over half (53%) of those planning to buy a car in the next six months intend to use an unsecured loan or credit card to purchase it. The main motivator for doing so for two in five (38%) is […]

8 Oct

Innovative new ISA launched by AA Financial services

AA Financial Services this week launched a new ISA which enables savers can split their tax free savings between fixed and variable rate products within one online account. The one year fixed deal pays 1.76% and the two year fixed pays 2.01%. The easy-access variable product offers 1%, with no introductory bonus and transfers in are permitted. A spokesman for AA Financial Services said: […]

8 Oct

Clydesdale and Yorkshire Banks’ £150 Current Account Switching Offer to End on 30th November

Customers looking to switch their current account to Clydesdale and Yorkshire Banks have until 30th November 2015 to benefit from a £150 switching offer. Following the success of the initiative, the Banks have announced that customers have until the end of November to benefit from the offer when they complete a full current account switch […]

6 Oct

Bacs Bill Tracker reveals 18% growth in household bill “basket” since 2007

Regular household bills are rising relentlessly despite inflation remaining flat, according to figures from Bacs Payment Schemes , the people behind Direct Debit in the UK. A “basket” of the most common household bills paid by Direct Debit – including energy, water, mortgages and rent, council tax, broadband and phone, TV licensing, and household insurances […]

29 Sep

Competitive rates are the deal breaker for consumers moving banks

As competition within the retail banking sector increases with the growth of challenger banks, Equifax research reveals that receiving the best rates is by far the biggest incentive for consumers looking to switch banks. In an online survey conducted by YouGov, 42% of people cited better deals and rates as a reason they would switch […]

28 Sep

Claims that 100,000 parents currently ‘fronting’ their children’s motor insurance

A new report from The Co-operative Insurance claims that around one hundred thousand parents are currently ‘fronting’ motor insurance for their children One in ten of parents of young drivers in the UK currently aged 17-25 have admitted to fronting their son’s and daughter’s motor insurance policy at some point, for an average time of two years. […]

28 Sep

What would a 1% interest rate hike mean for your wallet?

There have been increasing rumblings that we may see interest rates rise before the year is out whilst others are pointing to early 2016, either way it’ll be the first upward move in interest rates since July 2007. The increases are likely to be in small steps of 0.25% every few months but whether you […]

25 Sep

Yorkshire Building Society offers financial planning via video link

Reviewing and planning your financial future with a financial adviser is time well spent if you’re looking to get the most out of your money and to be able to look forward to a comfortable retirement. For many people the biggest obstacle is a lack of time during the working day, so heading into town […]