Moneyextra Insurance News

"Everyday" credit card bill exceeds ÃÂ£400 per month

Wed, 31 Dec 2008 10:45:46 GMT

Consumers that use their credit cards to purchase everyday items are racking up an average monthly bill of £483, new research has shown. "Everyday" credit card holders use them to pay for

Retail boost is no more than a "blip"

Wed, 31 Dec 2008 10:45:46 GMT

Aggressive retail tactics seem to have worked during the run up to Christmas but are unlikely to provide a long-term boost, it has been claimed. In a study carried out by Research Plus on behalf of Sainsubury's,

Brits avoid credit cards this Christmas

Wed, 31 Dec 2008 10:45:46 GMT

Just over one third (35 per cent) of consumers will be using a credit card to finance their spending this Christmas, new research has shown. According to a survey by Halifax, 21 per cent of Brits claim

Landlords 'need to manage risk'

Wed, 31 Dec 2008 10:45:46 GMT

Landlords should be careful to "manage their risk" and bear in mind that some tenants will struggle to make regular rent repayments during the credit crunch, one industry organisation has said. The

New mortgage products from Nationwide

Wed, 31 Dec 2008 10:45:46 GMT

Nationwide has announced the introduction of new mortgage products for existing customers. Borrowers who are moving house and require additional loan to value (LTV) rates will be able to take out the new

Inflation down to 4.1%

Wed, 31 Dec 2008 10:45:46 GMT

Inflation has fallen for the second consecutive month. The Office for National Statistics (ONS) has revealed that the Consumer Price Index (CPI) has dropped to 4.1 per cent, with transport costs behind

'Brits need financial IHT advice'

Wed, 31 Dec 2008 10:45:46 GMT

Britons seeking advice to avoid additional inheritance tax (IHT) payments should turn to a financial adviser rather than a lawyer, it has been claimed. Standard Life's Wills and Trusts research report

New LIBOR scrutiny introduced

Wed, 31 Dec 2008 10:45:46 GMT

Further checks on the calculation of the LIBOR inter-bank lending rate have been announced by the British Bankers Association (BBA). A new paper released by the BBA and the Foreign Exchange and Money Markets

Cheap brands 'popular' this Christmas

Wed, 31 Dec 2008 10:45:46 GMT

Sensible consumers are opting to spend their festive funds on cheaper and discount brands, new research has revealed. According to a survey by Abbey, more than half (53 per cent) of consumers will be opting

Signs of confidence in property market

Wed, 31 Dec 2008 10:45:46 GMT

Confidence could be on the brink of returning to the property and mortgage markets, according to research by the Building Societies Association (BSA). The latest Property Tracker survey found that nearly

Property continues to slide

Wed, 31 Dec 2008 10:45:46 GMT

The average price of a semi-detached property fell to £192,042 in November, according to figures from the National Association of Estate Agents (NAEA). This is a fall of more than £7,000 compared

Prime mortgage holders 'beginning to struggle'

Wed, 31 Dec 2008 10:45:46 GMT

The quantity of prime mortgage holders currently at least one month in arrears has grown by around 50 per cent, new research claims. According to report by ratings agency Standard & Poor's (S&P),

50% fall in mortgage lending

Wed, 31 Dec 2008 10:45:46 GMT

The amount of mortgage lending during November was over 50 per cent lower than the same period last year, it has emerged. According to the Council of Mortgage Lenders (CML), gross mortgage lending stood

Abbey slashes fixed rate mortgages

Wed, 31 Dec 2008 10:45:46 GMT

High street lender Abbey has trimmed up to 0.6 per cent from its fixed rate mortgages in addition to the cut it made last week. The Spanish-owned lender has applied the cut to its two, three and five-year

Brits saving 'through crunch'

Wed, 31 Dec 2008 10:45:46 GMT

A majority of Brits have still managed to save money despite the economic downturn, new research has shown. According to figures from Alliance & Leicester, nearly two thirds (64 per cent) managed to

Interest rates 'could hit zero'

Wed, 31 Dec 2008 10:45:46 GMT

The Bank of England (BoE) is in a position to cut interest rates to zero if it sees fit, one economist has suggested. Many in the financial world are awaiting the next attempt by the Bank to remedy the

Most Brits 'prepared' for Xmas spend

Wed, 31 Dec 2008 10:45:46 GMT

More than one quarter (28 per cent) of Brits are not worried about the state of their finances this Christmas, new research has revealed. According to a survey by Fairinvestment.co.uk, many consumers have

Lloyds has 'best credit card service' online

Wed, 31 Dec 2008 10:45:46 GMT

Lloyds TSB are ranked highest for website customer satisfaction when it comes to credit cards, new data has revealed. The lender comes top of the Credit Card Website rankings table from Global Reviews,

Social fund loans to remain 'interest free'

Wed, 31 Dec 2008 10:45:46 GMT

Poor families will not be forced to pay interest on previously interest-free social fund loans, the government has stated. A recent consultation had included proposals that could have introduced interest

NatWest to cut fixed mortgage rates

Wed, 31 Dec 2008 10:45:46 GMT

NatWest and RBS have announced they will be cutting their rates across their standard fixed-rate mortgages. Rates on the standard two-year fix, which offers a loan-to-value (LTV) ratio of 60 per cent,

Consumers consider Christmas 'stocking' gift

Wed, 31 Dec 2008 10:45:46 GMT

More than one quarter (26 per cent) of consumers are considering offering a stock market gift as a present this Christmas, new research has shown. Nearly half (46 per cent) of those surveyed in the Lloyds

Which? criticises unexplained mortgage withdrawal

Wed, 31 Dec 2008 10:45:46 GMT

A lender that threatened to remove mortgage credit from a customer without warning have been slammed by a consumer watchdog. The comments follow reports that a family had been given just 30 days to pay

Mortgage approvals fall in November

Wed, 31 Dec 2008 10:45:46 GMT

Despite a 1.5 per cent cut in interest rates, mortgage approvals slumped during November to a record low for the month, new figures have revealed. According to the British Bankers Association (BBA), 17,773

Early Xmas present for 'most Icesave customers'

Wed, 31 Dec 2008 10:45:46 GMT

Most British savers who had money tied up in the failed Icelandic bank Icesave have received their money back before Christmas, it has been claimed. Over 200,000 British people had money in the bank when

EC approves banking support measures

Wed, 31 Dec 2008 10:45:46 GMT

The European Commission (EC) has announced that it has approved new support measures put forward for the UK banking industry. Fees to be paid on guaranteed liabilities are the primary focus of the new

Moneyextra Insurance News

"Everyday" credit card bill exceeds ÃÂ£400 per month

Retail boost is no more than a "blip"

Brits avoid credit cards this Christmas

Landlords 'need to manage risk'

New mortgage products from Nationwide

Inflation down to 4.1%

'Brits need financial IHT advice'

New LIBOR scrutiny introduced

Cheap brands 'popular' this Christmas

Signs of confidence in property market

Property continues to slide

Prime mortgage holders 'beginning to struggle'

50% fall in mortgage lending

Abbey slashes fixed rate mortgages

Brits saving 'through crunch'

Interest rates 'could hit zero'

Most Brits 'prepared' for Xmas spend

Lloyds has 'best credit card service' online

Social fund loans to remain 'interest free'

NatWest to cut fixed mortgage rates

Consumers consider Christmas 'stocking' gift

Which? criticises unexplained mortgage withdrawal

Mortgage approvals fall in November

Early Xmas present for 'most Icesave customers'

EC approves banking support measures

"Everyday" credit card bill exceeds ÃÂ£400 per month