Personal Finance News
Grocery bills increase by 5.8%
Posted 2008-05-29
Grocery prices have increased by 5.8 per cent in May compared with the same month last year. British shoppers are now spending £514 million a month more on their shopping than in 2007, according to new research from Verdict. ...
Read Grocery bills increase by 5.8%
-
Delicious -
Digg -
Reddit -
Facebook -
Stumbleupon
Homeowners urged to hunt down mortgage deals
Posted 2008-05-29
Money website Fool.co.uk has advised homeowners to make overpayments on their mortgages to avoid not having access to good mortgage deals when their current loan ends. ...
Read Homeowners urged to hunt down mortgage deals
Car buyers ‘using loans to purchase impressive vehicles’
Posted 2008-05-28
Consumers are being tempted into taking out loans they cannot afford in order to purchase cars and boost their image, it has emerged. Research conducted by Experian highlights that a third of UK adults would get themselves into debt to give the impression that they are wealthy. ...
Read Car buyers ‘using loans to purchase impressive vehicles’
Global Insight: Bank won’t cut base interest rate
Posted 2008-05-28
An economist has predicted that the Bank of England will keep the base interest rate unchanged at five per cent next week. Howard Archer, chief European and UK economist for Global Insight, states that the Bank will “tread extremely carefully on the interest rate path for the time being”, in a bid to keep inflation stable. ...
Read Global Insight: Bank won’t cut base interest rate
Apacs emphasises need for credit card security
Posted 2008-05-28
Apacs, the British payments association, has emphasised the importance of credit card security. A spokesperson for the association said that security measures are something “that people have become more aware of” but added that there are instances were consumers fail to keep their details as secure as they should. ...
Read Apacs emphasises need for credit card security
Zero per cent balance transfers ‘most important feature for a credit card’
Posted 2008-05-28
Research has suggested that zero per cent interest on balance transfer credit cards are still the most popular type of plastic. A study conducted by the Fair Investment Company highlighted that 21 per cent of respondents listed zero per cent balance transfer as the most important feature in a credit card. ...
Read Zero per cent balance transfers ‘most important feature for a credit card’
Mortgage products ‘not available for long’
Posted 2008-05-27
Home buyers have an average of 11 days to decide whether a mortgage is right for them before it is taken off the market, it has emerged. Research by Moneyfacts.co.u...
Read Mortgage products ‘not available for long’
Quarter of Brits ‘unprepared for financial emergency’
Posted 2008-05-27
One in four Brits do not have a financial safety net to help them through an emergency, it has emerged. A recent poll by credit card company Egg also highlighted that a further 52 per cent dont have enough savings to see them through the four months on average it takes to find a job after redundancy. ...
Read Quarter of Brits ‘unprepared for financial emergency’
Mortgage approvals for April fall from 2007
Posted 2008-05-27
The number of mortgage approvals in the UK remains low, according to recent research. A report by the British Bankers Association (BBA) has highlighted that the uncertainty regarding property values and few available attractive loans has reduced the demand for property ? ...
Read Mortgage approvals for April fall from 2007
Brits ‘finding it harder to switch financial products’
Posted 2008-05-26
A new survey has found that British households are not switching financial products as the credit crunch has taken hold on their finances. The poll, by MoneyExpert.com, has revealed a 17 per cent drop in the switching of products such as mortgages and credit cards. ...