Money Saving News for July 2009
- Capital investments to be made through antiques, says RICS - 9th July, 2009
The Royal Institute of Chartered Surveyors (RICS) has said that despite recent price falls, capital investments in art and antiques are still a safe place to put money.
The group said in its Arts and Antiques Survey 2009 that those with capital investments in such items as paintings and ornaments could still be making money, even though other sectors are beginning to recover... - Reducing rear end bumps could make auto insurance 'cheaper' - 9th July, 2009
New research from an auto insurance company has shown that claims for vehicles which have been hit from behind by another driver cost the industry over £500 million every year.
Car insurance provider Admiral conducted the report, which also found that collisions of this type accounted for one in four claims it receives each year, over 420,000 in total... - Mortgage lenders need 'more competition' - 9th July, 2009
The Association of Mortgage Intermediaries (AMI) has said that competition is lacking in the market and consumers do not have enough of a variety to choose from.
Robert Sinclair, director of the AMI, explained that the number and quality of deals being provided by mortgage lenders is currently low due to the stranglehold from a group of six banks... - BT announces balance transfer credit card rewards - 8th July, 2009
Telecommunications firm BT has revealed it is extending its credit card rewards scheme so customers can make unlimited savings.
Already paying zero per cent interest on balance transfers, credit card customers with BT can also save one pence on their phone and broadband bills for every £1.50 they spend on plastic... - Depreciation covered by auto insurance - 8th July, 2009
Confused.com has launched a new auto insurance product which protects drivers from suffering a financial loss due to the depreciation in value of a car when they come to claim after an accident.
Research by the AA found the average motor loses 60 per cent of its value in the first three years of its road life and car insurance providers will only pay out the market cost of write-offs at the time of the accident, which may be less than the original price... - Mortgage lenders increase loan-to-income - 8th July, 2009
Those looking for a housing loan which offers high levels of credit compared to their annual income have various mortgage products available to them, according to one website.
Unbiased.co.uk said that "most" mortgage lenders are starting to offer deals with loan-to-income ratios of up to four times the borrower's salary, although these require average deposits of 20 per cent for a good rate... - Home contents insurance cheaper 'when bought separately' - 7th July, 2009
Property owners looking to pick up a discount by purchasing home contents insurance with buildings cover from the same company have been urged to take a look at the whole of the market.
Home contents insurance provider the AA said that although many discounts are available for combined cover, households can take advantage of cheaper deals by buying their buildings and contents protection separately... - Buy to let mortgage borrowers lose interest in market - 7th July, 2009
Investors in residential property are no longer keeping track of the best buy to let mortgages on offer due to the recent volatile market, according to one survey.
Conducted by the Young Group, the poll revealed that only 24 per cent of respondents regularly checked their buy to let mortgage against other deals available on the market in the second quarter, compared to 80 per cent at the same time a year ago... - Caxton FX gives investment advice - 6th July, 2009
Those looking for investment advice may be interested in the tips offered by financial firm Caxton FX, which has recommended putting money into sterling.
Research by the company shows that the pound made some steps towards recovering against the dollar recently, with a 15 per cent rise in the second quarter of 2009... - Auto insurance 'should not see cutbacks' - 6th July, 2009
A car insurance organisation has warned motorists not to make cuts to motor cover spending during the recession.
Recent statistics from Directgov show that 6.5 per cent of British motorists are driving without auto insurance and Steve Foulsham, technical services manager at the British Insurance Brokers' Association, said that it is not the right time for this kind of behaviour...