Archive for November, 2008

Loans ‘no longer cheap’

by on November 30th, 2008

TweetShareLoan rates are reaching an all-time high, with the gap between the base rate and loan interest figures nearly doubling in the last two months, a price comparison website has stated. Research by moneysupermarket.com has found that those looking to borrow finance can now expect to pay 8.46 per cent interest on a loan – [...]

Lender cuts five-year mortgage rates

by on November 29th, 2008

TweetShareAbbey has announced a cut in the rates applying to its five-year fixed-rate mortgage options. The move, which came into effect on Friday November 28th, has taken up to 0.45 per cent off the interest rates of its mortgages set between 60 and 75 per cent loan to value (LTV). A five-year deal at 60 [...]

Families ‘relying on two incomes’

by on November 28th, 2008

TweetShareHouseholds are depending on two incomes in order to cover living expenses and avoid falling into debt, a new survey has revealed. A study by Scottish Widows found that the parents in 11.9 million families are both working in order to bring in enough money to maintain a good standard of living. And 61 per [...]

Saving for retirement is “crucial”, lender states

by on November 28th, 2008

TweetShareMaking savings to ensure a good standard of living during retirement is becoming “crucial”, Alliance and Leicester has stated. The lender noted that the “increasing demand on the pension pot” means that workers should start saving early to ensure financial security later in life. Savings manager for Alliance and Leicester Hetal Parmar noted that the [...]

‘Millions’ to be spent on Christmas parking

by on November 28th, 2008

TweetShareShoppers who make one trip to do their Christmas shopping are expected to spend a total of £43.5 million on parking tickets this festive season, new research has found. And a further £41.7 million could be added to that figure by those who make multiple visits to the shops, research from uSwitch.com has found. The [...]

Credit card firms urged to lower interest

by on November 27th, 2008

TweetShareThe government has urged credit card companies to help consumers in efforts to clear debt. Providers were summoned to a meeting with business secretary Peter Mandelson and consumers affairs minister Gareth Thomas following findings that borrowers are being charged particularly high interest rates. A recent study by Moneyfacts.co.uk found that the average interest charged on [...]

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