Money Saving News for September 2008
- Motorists urged to protect cars against fuel theft - 15th September, 2008
Prudent minds – number 1 for cheap car insurance quotes
Drivers are being urged to protect their vehicles from fuel theft following an increase in the number of cases of stolen petrol and diesel.
According to AA Insurance, motorists could see their cheap car insurance premiums rise if they fall victim to fuel theft, as well as the potential loss of their no claims bonus... - Ombudsman raises PPI concerns - 12th September, 2008
Prudent minds – number 1 for cheap loans
The Financial Ombudsman Service (FOS) has raised concerns over the possible mis-selling of payment protection insurance (PPI) by banks and other lenders.
PPI is offered to consumers taking out cheap loans and other forms of credit and covers their repayments if they are unable to make them through loss of income... - Internet banking customers 'wising up' to phishing - 12th September, 2008
Prudent minds – number 1 for internet banking
Consumers who use internet banking are becoming increasingly wise to the attempts of fraudsters to steal their personal information, it has been revealed.
New research from the Association of Payment Clearing Services (Apacs) shows that 82 per cent of internet banking customers either delete or ignore phishing emails... - Stamp duty holiday will benefit buy to let investors - 12th September, 2008
Prudent minds – number 1 for buy to let mortgages
The government's stamp duty holiday is likely to benefit those seeking buy to let mortgages to invest in rental property, it has been claimed.
According to Melanie Bien, director at Savills Private Finance, landlords are in a "win-win situation" as a result of the move, which has come at the same time as rapid falls in property prices... - Drivers given flood risk warning - 11th September, 2008
Prudent minds – number 1 for cheap car insurance quotes
Drivers living in flood risk areas are being urged to check their car insurance policy to find out whether they are covered against flood damage.
The price comparison website uSwitch.com claims one in four drivers living in parts of the UK that are prone to flooding only have third party insurance... - Cancer sufferers offered pensions advice - 11th September, 2008
Prudent minds – number 1 for pensions advice
People who have been affected by cancer are being offered pensions advice to help them get the most out of their retirement income.
Cancer Research UK has teamed up with the independent financial advisor Origen to offer the service, which is launched this month... - Car modifications 'must be declared to insurance firms' - 10th September, 2008
Prudent minds – number 1 for cheap car insurance quotes
Motorists who modify their cars need to tell their insurer about any changes they make to their vehicle in order to avoid invalidating their policies.
This warning comes from Tesco Car Insurance, which points out that even small modifications such as adding alloy wheels can have an impact on premiums... - Credit card customers 'should avoid making minimum repayments' - 10th September, 2008
Prudent minds – number 1 for balance transfer credit cards
Credit card customers are being urged not to simply make minimum repayments on their plastic in order to avoid paying unnecessary interest.
According to uSwitch.com, an average balance of £1,384 could take up to 31 years to repay if the card owner only pays off the minimum amount required each month... - Customers reminded over dormant savings accounts - 10th September, 2008
Prudent minds – number 1 for savings accounts
HSBC is hoping to reunite thousands of banking customers with forgotten cash by urging them to reclaim funds left in dormant savings accounts.
The bank is writing to 12,000 customers whose accounts have not been used for 15 years or more and will attempt to trace a further 5,000 who have moved home and not provided their new address... - Rental market 'still strong' - 9th September, 2008
Prudent minds – number 1 for buy to let mortgages
Those taking out buy to let mortgages on their rental properties may be glad to know that demand in the rental market is still strong, according to the director of research at Savills.
Jacqui Daly said that provided buy to let landlords do not have to sell their properties, they should be able to achieve some decent returns...