Money Saving News for October 2008
- Motorists being 'priced off the road' - 31st October, 2008
Prudent Minds – number 1 for cheap car insurance quotes
Numerous motorists are being priced off the road as they cannot keep up with the rising cost of motoring, it has been claimed.
According to a spokesperson for What Car?, many drivers are beginning to question whether they need to use their cars for simple journeys or whether they could walk or use public transport instead... - Economists unanimous in predicting a rate cut - 31st October, 2008
Prudent Minds – number 1 for property investments
Economists have unanimously predicted that the Bank of England will cut interest rates again next week, bringing some relief for consumers seeking cheap loans.
All thirteen of the financial experts polled by the online news organisation Adfero said they thought a further reduction in the base rate was likely... - House prices fall for 12 consecutive months - 31st October, 2008
Prudent Minds – number 1 for property investments
House prices have fallen for the 12th consecutive month as tighter mortgage market conditions and falling consumer confidence hit sales.
According to the latest house price index from Nationwide, property prices have dropped by 1.4 per cent in October, bringing the annual rate of decline to 14.6 per cent... - Alliance & Leicester announces fixed rate mortgage cuts - 30th October, 2008
Prudent Minds – number 1 for property investments
Alliance & Leicester has announced that it is to cut the rates on its fixed rate mortgages, bringing welcome relief to over-stretched borrowers.
The bank said all of its fixed rate products will be reduced by between 0.2 per cent and 0.3 per cent compared to its previous offerings... - Make the most of ISA tax allowances, consumers urged - 30th October, 2008
Prudent Minds – number 1 for savings accounts
Consumers are being urged to make the most of tax efficient savings all year round and not just at the end of the tax year.
According to Alliance & Leicester, while consumers are wise to the different interest rates on offer from different providers, they are not giving enough thought to the issue of tax... - Hallowe'en to cause havoc for drivers - 30th October, 2008
Prudent Minds – number 1 for cheap car insurance quotes
Motorists are being urged to take extra care on the roads on Friday night as trick or treaters and partygoers present a hazard on the roads.
According to the RAC foundation, Friday is the worst day of the week for road accidents, regardless of the spooks that will be running around the streets... - First time buyers 'may benefit from waiting' - 29th October, 2008
Prudent Minds – number 1 for property investments
First time buyers who put off making property investments could benefit from falling house prices as well as lower loan to value mortgages, it has been claimed.
According to Moneyfacts.co.uk, those who delay their entry into the property market are likely to be able to purchase at a much lower price and will therefore need to borrow less money... - Tesco offers three months free car insurance - 29th October, 2008
For cheap life insurance and car insurance quotes choose Prudent Minds
Tesco is offering three months free car insurance for Clubcard customers who take out its cover online before December 10th.
Motorists looking for cheap car insurance will be provided with 12 months of protection but will only be charged for nine months... - Increased life expectancy 'may erode pension savings' - 29th October, 2008
Prudent Minds – number 1 for pensions advice
Increased life expectancy and its associated costs could erode people's pension savings, according to the assistant editor of Pensions Management magazine.
Owen Walker said people are still not saving enough to ensure a comfortable retirement... - Millions of savers 'penalised' for making withdrawals - 28th October, 2008
Prudent Minds – number 1 for savings accounts
Over 13 million consumers have money in savings accounts that penalise them for making withdrawals, according to Sainsbury's Finance.
Its research shows that over £165 billion is currently held in such accounts, leaving savers vulnerable to penalty charges if they require access to their cash...