Money Saving News for September 2008
- Balance transfer credit cards 'could help consumers stay afloat' - 19th September, 2008
Prudent minds – number 1 for balance transfer credit cards
Consumers struggling to "stay afloat" financially should consider balance transfer credit cards as a way of managing their debts, it has been claimed.
According to Fairinvestment.co.uk, a zero per cent balance transfer credit card could provide consumers with the respite they need from interest rates, allowing them to make inroads into paying off what they owe... - Buy to let investors 'will wait until the economy bottoms out' - 18th September, 2008
Prudent minds – number 1 for buy to let mortgages
Buy to let investors are likely to wait until the economy bottoms out before they start using buy to let mortgages to purchase high end property, it has been claimed.
According to the Buying Solution, properties in areas such as Hampshire, Berkshire, Gloucestershire, Oxfordshire, Dorset and West Sussex are all in high demand at the moment... - Life insurance 'not a priority' for rural residents - 18th September, 2008
Prudent minds – number 1 for cheap life insurance
People living in the countryside do not see life insurance as a priority and are failing to protect themselves and their families, it has been claimed.
According to NFU Mutual, some 44 per cent of rural residents consider cheap life insurance to be a non-essential form of cover, with just one in ten seeing it as important... - 'Act fast' to secure cheap loans - 18th September, 2008
Prudent minds – number 1 for cheap loans
Consumers are being urged to "act fast" in order to secure cheap loans as the recent yo-yoing of rates by Moneyback Bank proves how unpredictable the market is at the moment.
The advice comes from the price comparison site uSwitch.com, which claims Moneyback's decision to cut is personal loan rates offers a "glimmer of hope" for borrowers who are finding it difficult to get hold of affordable credit... - Ethnic minorities less likely to bank online - 17th September, 2008
Prudent minds – number 1 for internet banking
While Britain's ethnic minorities are leading the country's take-up of digital technology, they are less likely to use internet banking than the population as a whole.
New research from Ofcom revealed that adults from ethnic minority groups are more likely to own a mobile phone or have access to digital TV and the internet the average UK adult... - Parents 'helping offspring to secure cheap loans' - 17th September, 2008
Prudent minds – number 1 for cheap loans
As banks tighten their lending criteria and credit becomes harder to obtain, parents are helping their offspring to secure cheap loans by acting as guarantors.
This is the conclusion of a new survey by moneysupermarket.com, which revealed that 23 per cent of twenty-somethings have used their parents as guarantors when applying for personal loans and even mortgages... - Demand for balance transfer credit cards 'still strong' - 16th September, 2008
Prudent minds – number 1 for balance transfer credit cards
Consumer demand for balance transfer credit cards is still strong, according to a new survey by Abbey Credit Cards.
The card provider found that 22 per cent of customers plan to take advantage of a zero per cent balance transfer deal in the next 12 months... - Barclays cuts interest on fixed rate mortgages - 16th September, 2008
Prudent minds – number 1 for fixed rate mortgages
Barclays has announced that it will cut the interest on its fixed rate mortgages, helping homeowners lock into a secure and "competitive" deal.
The new rates will take effect today and will apply to four of the bank's fixed rate mortgages, from two years to ten years, offered through its mortgage arm the Woolwich... - Travel plans hampered by poor retirement planning - 16th September, 2008
Prudent minds – number 1 for pensions advice
Failure to prepare adequately for retirement is hampering the travel plans of many Brits once they finish working, new research has found.
According to the Scottish Widows UK Pensions Report 2008, some 45 per cent of retirees name travel as their most popular retirement activity... - Holidaymakers 'protected' if trips are booked on credit cards - 15th September, 2008
Prudent minds – number 1 for balance transfer credit cards
Holidaymakers are being reminded that if they use their balance transfer credit cards to book trips they will be protected in the event that a travel company goes bust.
According to uSwitch.com, the collapse of the airline XL "brings a stark warning to consumers" looking to book holidays in the near future...