Money Saving News for July 2009
- Home contents insurance 'vital' for landlords - 21st July, 2009
Calls have been made for landlords to make sure they do not cut back on home contents insurance due to financial pressures brought on by the recession.
Sainsbury's Finance has said that, while the value of their houses may have collectively dropped £118.4 billion in value between the first quarter of 2008 and the same time this year, home contents insurance should not be neglected to save money... - Private over government pensions, new survey suggests - 20th July, 2009
Those looking for a better pension scheme may be interested to know that private options have been outperforming state alternatives, according to a new report.
The Lloyds TSB Wealth Management Pensioner Incomes report looked at data from the Department of Work and Pensions and the Office for National Statistics collected between 1987 and now... - Consumers see cheap home mortgages disappear - 20th July, 2009
Homeowners looking for a cheap mortgage are finding that the best deals are being taken off the market before they can properly research them, according to a new report.
Financial advice website Moneyfacts carried out the research, which claims that lenders are withdrawing home mortgages with good rates within days of announcing them due to the volatile market... - First-time buyers rent while saving for home mortgage deposit - 17th July, 2009
New research by financial website moneysupermarket.com has revealed how those taking their first steps onto the home mortgage market are planning to gather up the money required for a deposit.
Figures from the site show that 13 per cent of 18 to 34-year-olds are looking to buy a house in the next 12 months, but they will need a plan in place to ensure they can afford to put a deposit down on the mortgage... - Warning against using credit cards abroad - 16th July, 2009
Credit card provider Caxton FX has revealed that British people could be collectively saving hundreds of millions of pounds by refraining from using their plastic at ATM machines while on holiday in other countries.
In new research, the firm found that every year £248 million is wasted through the expensive fees attached to making cash withdrawals on credit cards in foreign countries... - Ethical investments on the way from government? - 16th July, 2009
The government is getting set to launch the first dedicated ethical investment bank in the UK in a consultation which will decide how it will work.
Announced in Alistair Darling's Budget report in April, the Social Investment Wholesale Bank will allow consumers to put their money into more ethical investments such as the environment and society... - LV= releases pension report - 15th July, 2009
A new report which shows that over-50s are expecting to have to continue work past the age of retirement because the recession has affected their ability to save for their pensions has been released by LV=.
The investments, pensions and insurance group's State of Retirement report shows the extent of the pessimism which is rife in those reaching 65, with the number of ERICs (those Experiencing Retirement Income Concerns) rising in the past 12 months... - Mortgages cheaper than renting in east Midlands - 15th July, 2009
A new report by the Nottingham Building Society has shown that average monthly rents are costing residents in the east Midlands more than typical mortgage repayments over the same period of time.
Despite rent prices falling overall across the UK in the past year, the average tenant in the area will pay £633 a month to their landlord, while those with a mortgage on an £80,000 house can expect outgoings of just £508 over 30 days... - £1m paid on utility bills over a lifetime - 14th July, 2009
The average household will cost its members nearly £1 million over their lifetime on utility bills, rent and insurance, according to a new study.
Carried out by Confused.com, the survey found that utility bills count for £60,708 of the £941,954 a household spends over their lives, with mortgage or rent payments making up the bulk of the costs at £321, 478... - Home mortgage lending to see a rise? - 14th July, 2009
New research has found that house price expectations have risen and buyers are starting to make more enquiries, which could lead to more home mortgage lending.
Conducted by the Royal Institute of Chartered Surveyors (Rics), the report showed that six per cent more respondents believe house prices will rise in the next three months compared to May's figures, caused by a higher number of mortgage enquiries...