Money Saving News for November 2008
- Balance transfer deals disappearing - 6th November, 2008
Prudent Minds – number 1 for balance transfer credit cards
The number of balance transfer credit cards available on the market is shrinking, according to new research from MoneyExpert.com.
It claims borrowers planning to transfer their balances from one card to another are facing a "clampdown" on the range and length of offers... - Young drivers 'making expensive car choices' - 5th November, 2008
Prudent Minds – number 1 for cheap car insurance quotes
Young drivers are missing out on cheap car insurance by trying to insure modified vehicles or those with large engines, which will undoubtedly cost them more.
According to a survey by Gocompare.com, drivers aged 17 to 21 are the biggest users of price comparison sites, suggesting that many are eager to get a good deal... - Brits 'missing out' on pensions tax relief - 5th November, 2008
Prudent Minds – number 1 for pensions advice
Brits could be missing out on the tax relief on offer from pensions as the majority are unaware of the tax benefits of pension savings.
According to new research by Zurich, three-quarters of consumers do not know they are eligible for tax relief on their pension contributions... - Landlords warned over winter repair bills - 5th November, 2008
Prudent Minds – number 1 for buy to let mortgages
Landlords are being urged to make sure their tenants know how to prevent winter emergencies such as burst water pipes and frozen pathways in order to avoid hefty repair bills and insurance claims.
According to the National Landlords Association (NLA), those letting out their properties could save thousands of pounds by arming their tenants with the right information... - Abbey launches First Home Saver account - 4th November, 2008
Prudent Minds – number 1 for savings accounts
Abbey has launched a new savings account aimed at prospective property buyers attempting to raise a deposit for their first home.
The First Home Saver account is available exclusively to savers aged 16 to 35 depositing between £100 and £300 a month by standing order.
It offers a variable rate of eight per cent AER and there are no charges for withdrawals... - No claims bonus 'the key to cheaper car insurance' - 4th November, 2008
Prudent Minds – number 1 for cheap car insurance quotes
Having a good no claims bonus could be the key to securing cheap car insurance premiums, it has been suggested.
According to the insurance provider RIAS, motorists can knock up to 75 per cent off the cost of cover depending on the duration of their no claims bonus... - Unemployment increase 'could cause buy to let problems' - 4th November, 2008
Prudent Minds – number 1 for buy to let mortgages
Further rises in unemployment could cause problems for landlords if tenants fall behind on their rental payments.
According to Look4aProperty.com, people letting homes could have difficulty keeping up with repayments on their buy to let mortgages if this happens... - Abbey launches new cashback credit card - 3rd November, 2008
Prudent Minds – number 1 for balance transfer credit cards
Abbey has launched a new credit card designed to help consumers cope with the rising cost of living by offering three per cent cashback on supermarket and petrol purchases.
Those looking for balance transfer credit cards may also be interested to learn that the new card offers zero per cent on balance transfers for nine months... - 'Only the rich' can save - 3rd November, 2008
Prudent Minds – number 1 for savings accounts
As soaring living costs continue to put a strain on household budgets, only the richest portion of society can still afford to save, new research shows.
According to a study by Axa, only those earning over £52,785 a year after tax are able to put aside more than they are spending - which equates to the wealthiest 20 per cent of the country. The remaining 80 per cent have a negative savings ratio... - UK workers urged to join company pension schemes - 3rd November, 2008
Prudent Minds – number 1 for pensions advice
UK workers are missing out on over £5 billion a year by failing to join their company pension schemes, it has been claimed.
According to research carried out by Prudential, some 18 per cent of those who know their employer offers an occupational pension scheme have not joined...