June, 2008 news
Brits "unaware" of how much tax they pay
British people are "resentful" of increasing taxes but are "unaware" of how much they pay, new research has found.... Read more »
Homeowners urged to read flood insurance small print
Last week`s Pitt report on 2007`s floods has led to an insurance company recommending homeowners to check the details of their insurance. ... Read more »
Scottish Widows: Fear is driving nation to save
The credit crunch is causing people to think more about saving for the future, according to the Scottish Widows 2008 Pensions Index.... Read more »
"Modest" fall in house prices expected
The Building Societies Association (BSA) has released research indicating a "modest" fall of 7.1 per cent in property prices.... Read more »
Student loans - £21.9 billion and counting
Across England, 2.7 million people owe money to the Student Loans Company. At the end of the 2007-08 financial year, they owed almost 22 billion pounds between them - on average, over £8,000 each. ... Read more »
Brits "flocking to internet banking"
Internet banking is "more popular than social networking", claimed online bank Cahoot yesterday.... Read more »
Driving holidaymakers warned over overseas insurance
Many British motorists are planning to take their cars abroad this... Read more »
Over 4m families pay mortgage with credit card
Almost one in four families claim to be suffering from stress or depression due to "desperately unaffordable housing", Shelter has said.... Read more »
Property sales drop in Devon and Cornwall
The credit crunch appears to have hit the housing market in Devon and Cornwall with a decrease in sales, according to the BBC.... Read more »
New mortgage deals to "help borrowers manage"
Yorkshire Building Society has announced new mortgage products that may help homeowners with repayments.... Read more »
Credit rating important `regardless of profession`
The credit crunch means lenders are "nervous" to lend to anyone with a poor credit rating regardless of their income, a finance expert has said.... Read more »
£100,000 `needed to change a life`
On average, more than four in ten British people think a windfall of £10,000 - £100,000 would change their lives significantly, according to new research from ICICI Bank.... Read more »
`Forgotten` savings to be reunited with owners
Bank customers are to be reunited with £69 million of forgotten savings, announced Lloyds TSB today.... Read more »
"Healthy" figures for mortgage adviser qualifications
An increase in home buyers seeking advice from mortgage professionals is maintaining a "healthy" interest in qualifications in the field, said the ifs School of Finance.... Read more »
Motorists are "wasting money" on MOT failures
Drivers are being urged to check their vehicles for minor faults before taking an MOT test in a bid to save money.... Read more »
More mortgage customers seek advice in "difficult times"
Consumers looking at mortgaging and remortgaging options are turning more frequently to intermediaries for advice, it was claimed last week. ... Read more »
Cheap credit days `are over`
British consumers struggling with debt will not be able to obtain cheap credit for many years as a result of recent global events, an industry expert has claimed.... Read more »
Sky-high petrol prices add to debt woes
Rising petrol prices are putting additional pressure on Britons who are already struggling with higher debt repayments and mortgage costs, a new survey has shown. ... Read more »
Women drivers `paying over the odds for insurance`
Many female drivers are paying over the odds for their insurance premiums, despite taking up offers from so-called `female friendly` companies, a new study has uncovered.... Read more »
Think Money comments on May`s fall in house prices
Commenting on the fall in house prices reported by Nationwide building society, a spokesperson for Think Money said: "It's important to see past May's 2.5% drop and understand the more positive points protecting today's homeowners from the kind of problems that hit the housing market in the early 1990s." ... Read more »
Checking credit reports `can help loan applications`
Consumers who take time to do research and prepare their loan applications more thoroughly can have more chance of being successful, according to Experian.... Read more »
Workers `fear debts when off sick`
Employees across the UK are not having time off work sick when they need to because they fear the financial consequences, a report by Saga has found.... Read more »
Lenders to give consumers mortgage assurances
Some of the UK`s largest lenders have outlined steps that they will take to address the problems created by the global credit crunch.... Read more »
`Many options` for consumers with large debts
Consumers struggling with large debts have a number of options open to them in order to consolidate the money they owe, an industry expert has claimed.... Read more »
Gas-guzzling taxes `unlikely to change Brit`s buying habits`
The UK`s motorists are unlikely to be put off financially by the government`s latest tax hikes on gas-guzzling vehicles, new research has revealed.... Read more »
Brits `need car finance documents for Irish holidays`
British holidaymakers visiting Ireland this summer may need to make sure that their motor insurance fully covers them for driving in another country before heading off, a major industry body has warned.... Read more »