Archive for December, 2008

Building society cuts mortgage prices

by on December 30th, 2008

TweetShareMortgage prices have been reduced as part of a new year sale by Leeds Building Society, the lender has announced. The cost of a number of its homeowner loans – including fixed-rate and first-time buyer options – have been cut, with rates for three-year fixed-rate deals now starting at 4.75 per cent for a 65 [...]

Debt advice line sees increase in callers

by on December 29th, 2008

TweetShareA growing number of people are telephoning a government-funded advice line for debt advice, new figures have revealed. The Department for Business Enterprise and Regulatory Reform has announced a 40 per cent increase in the amount of people contracting the National Debtline over the last year, with the charity now taking approximately 23,000 calls per [...]

Consumers ‘should switch to 0% credit cards’

by on December 29th, 2008

TweetShareConsumers looking to save money in the new year should use a credit card with zero per cent interest, it has been suggested. According to Halifax, switching to such a card can help cut the cost of shopping, as consumers using a product with a high annual percentage rate are likely to be paying more [...]

Loan rates cut by Sainsbury’s finance

by on December 24th, 2008

TweetShareSainsbury’s Finance has announced a cut in the rate of its personal loans for online customers. The lender is reducing the typical annual percentage rate from 8.9 per cent to 8.2 per cent for loans ranging from £7,000 to £15,000. Those who are considering borrowing such an amount – perhaps to help carry out debt [...]

Halifax provides sale shopping tips

by on December 24th, 2008

TweetShareHalifax has issued advice to consumers looking to make purchases in the January sales, after publishing figures revealing more shoppers will be looking for a bargain in the new year compared to 2008 data. According to the lender, 48 per cent of customers will be looking to buy in the sales I January 2009, an [...]

East Midlands children ‘best at saving’

by on December 23rd, 2008

TweetShareChildren in the east Midlands are achieving the highest savings balances in relation to pocket money received, new figures have revealed. Research from Halifax found those living in this area have an average of £1,038 in savings, despite receiving £231.92 in pocket money every year. The highest savings balances belong to children living in Greater [...]

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