Money Gossip News Archive - May 2010

Second Hand Car Buyers Spending Down

The amount of money people expect to spend on a used car is down 8 percent compared with the previous 6 months. Sainsburys Bank gained this information from their regular survey, finding also that nearly 5 million people plan to buy a used car during the coming six month period.

Published:5/31/2010

Britons Consider Saving Important

9 out of 10 Brits believe it is important to save according to a study carried out by the Nationwide Building Society.

Published:5/31/2010

Dental Insurance Can Save Customers Money

Buying dental insurance can prove less expensive than relying on the NHS or a private dentist it has been claimed by Tesco Finance.

Published:5/30/2010

Free Annuities Guide Launched By Saga

A free guide to annuities is being offered by Saga, helping people understand the options open to them at retirement and how to make the best of what is on offer.

Published:5/30/2010

Savings Are Very Important Say Egg

According to a survey by the owner of the Egg card, only around half of employees in the UK have savings that would cover them for at least 4 months. This is the average time people find themselves between jobs for having been made redundant.

Published:5/30/2010

LV= Launches Mortgage Protection Package

A new mortgage and lifestyle protection package has been announced by Liverpool Victoria, designed to provide peace of mind for customers who suffer sickness or unemployment.

Published:5/29/2010

The Apprentice Inspires Entrepreneurs To Go For It

Sitting down and watching BBC programme The Apprentice is proving to be an inspiration to many viewers to set out on their own.

Published:5/29/2010

Cost Of Living Increases Hitting Household Budgets

With the cost of living in the UK rising at a higher rate than it has for some considerable time the people of the UK are feeling the need to cut back on their spending.

Published:5/29/2010

Fee Free Euro Transfers From Citibank

Citibank is providing Euro transfers and third party account payments with no fees to its customers.

Published:5/28/2010

Full ISA Refunds Declined By Barclays

Barclays customers who applied for the Tax Haven Cash ISA have received apologies from the bank following significant delays before their accounts were opened.

Published:5/28/2010

Credit Card Survey From CIS

Well known UK financial services company CIS has been looking at the state of the credit card market and seeing how we as a nation use them.

Published:5/28/2010

Alliance and Leicester Introduce Stepped Mortgage Rates Based On Deposit

In the future customers taking out an Alliance and Leicester mortgage will find a range of interest rates on offer depending on the amount of money they are putting down as a deposit.

Published:5/27/2010

Citibank Portfolio Reduction Announced

Citibank has revealed that it intends to reduce its portfolio having suffered at the hands of the sub prime lending difficulties in the USA.

Published:5/27/2010

New Tracker Savings Account From Saga

A new savings account has been introduced by Saga Insurance that tracks five of the main savings accounts available online to ensure it is always competitive.

Published:5/27/2010

Mortgage Advice From Alliance And Leicester Brokers

After a review by the Alliance and Leicester they have found that over three quarters of mortgage brokers see their role as more advisory than ever before, feeling also that this will become even more so for the rest of the year.

Published:5/26/2010

Get A Third Off Tesco Household Insurance

Until 21 June Tesco Finance home insurance customers can get a massive 33 percent discount on their premium. Buy online and there is a further 10 percent discount available.

Published:5/26/2010

Credit Card Information For Football Supporters

Football supporters are being advised by the Abbey National that credit cards that are affiliated to clubs could cost consumers more than regular cards.

Published:5/26/2010

Abbey National Credit Card Information For Football Supporters

Football supporters are being advised by the Abbey National that credit cards that are affiliated to clubs could cost consumers more than regular cards.

Published:5/26/2010

New Savings Account From Alliance And Leicester Paying 9 Percent Gross Announced

The Alliance and Leicester has just announced a new savings account that pays interest at 9 percent gross per annum. It is a one year fixed rate account open to customers who invest in their Balanced Savings and Investment Plan.

Published:5/25/2010

Abbey National Home Loan Department Sees Five Year Fixed Rate Popularity Growing

For the third month in a row the Abbey National Mortgage Index has shown a rise in the appeal of five year fixed rate mortgages to consumers.

Published:5/25/2010

UK Consumers Making Cutbacks

A recent study by the Alliance and Leicester has found that almost three quarters of UK adults are cutting back on spending as they deal with the rising costs of living in Great Britain.

Published:5/24/2010

Bank Holidays Not Taken By All Self Employed

Looking at the small business environment in the UK Direct Line has found that nearly a quarter of people running small businesses will not enjoy a day off on bank Holiday Monday.

Published:5/24/2010

Motorbike Awareness courses Can Save Lives And Money

The view of AA Insurance is that the simple step of taking a motorbike awareness course can help cut motorcycle insurance premiums as well as making them safer road users.

Published:5/24/2010

Halifax Property Insurance Sees Many Unfinished Projects

Having surveyed homeowners across the country Halifax Home Insurance has found that around 1.7 million households have an unfinished renovation project that they have been working around for 2 years or more.

Published:5/23/2010

First Time Buyer Savings Account Launched

A new Natwest Bank savings account has been launched that is designed for first time buyers looking to put money away for a house deposit.

Published:5/23/2010

Legal and General Forecasts Recession

The investment management team at Legal and General are anticipating recession in the UK as early as this year.

Published:5/23/2010

New Offshore Savings Accounts Introduced

Two new offshore savings accounts have been announced by Alliance and Leicester, called the eSaver Offshore Notice 50 and eSaver Offshore Issue 2.

Published:5/22/2010

Equity Release Helping Fund Retirement Plans

A study of the retirement market by Saga Insurance has shown that equity release schemes are being used by many people to help boost finances in retirement, helping them do the things they want to do with their time.

Published:5/22/2010

Cost To Fans Of Champions League Final

Sainsburys Bank has determined that cost of a two day trip to Moscow to watch the UEFA Champions League final between Manchester United and Chelsea will cost each supporter an average of GBP624. This is without a flight, which would add greatly to the total.

Published:5/22/2010

Alliance and Leicester Finds Television Inspiring DIY

With all the different DIY and property shows on television it is perhaps no surprise that they have inspired the nation to get their hands dirty and get into DIY. This is what the Alliance and Leicester found.

Published:5/21/2010

Nationwide Building Society Looks At Flats Market

The Nationwide Building Society has been looking at the state of the property market with specific regard to flats, which make up around 16 percent of the total UK housing stock.

Published:5/21/2010

DIY Can Be Costly Says Insurer

A study by Zurich Insurance has revealed that over 15 percent of property owners have had to get proper tradesmen in after struggling to do it themselves.

Published:5/21/2010

Great Prices On Health Insurance

Tesco Finance are advising potential customers that health insurance could be provided for just GBP1.50 per day.

Published:5/20/2010

Nationwide Teenagers Guide To Money

Over 5,000 copies of the Nationwide Building Society Teenagers Guide To Money have been distributed to schools and colleges across the country.

Published:5/20/2010

Motorists Confused By Repairs

According to a new survey by Liverpool Victoria motorists are finding car repairs too difficult to undertake with modern cars.

Published:5/20/2010

New Nationwide Buildings And Contents Insurance Offer Announced

There is a new home insurance offer from Nationwide Building Society, with a 20 percent discount when both contents and buildings cover are bought together. The discount is also applicable to the following year too if they are renewed together.

Published:5/19/2010

Egg Announces New Savings Account Rates

Egg, best known for their Egg card, has just announced a new interest rate on their savings account of 6.05 percent gross.

Published:5/19/2010

Massive Jewellery Stash In UK Homes

According to a recent study by the Halifax there is over GBP50 billion worth of jewellery in UK homes, with each house having just under GBP2,000 worth on average.

Published:5/19/2010

Items Thrown Away Rather Than Repaired

Having taken a look at the attitudes of their home insurance customers Legal and General found that many prefer to throw broken items away rather than repair them.

Published:5/18/2010

LV= Holiday Insurance Launched

Well known insurer Liverpool Victoria has just announced new travel insurance policies for annual or single trip cover.

Published:5/18/2010

Credit Cards Covering Costs At Half Term Says Abbey National

Having looked at the half term travel market Abbey National has found that prices can be as much as 80 percent higher than when the children are in school, meaning credit cards will be used to take some of the strain.

Published:5/18/2010

Mobile Phone Use Can Increase Motor Insurance Premiums Warns AA

Being caught using a mobile whilst in the car is going to prove even more costly as insurers will increase premiums for those charged says AA Insurance.

Published:5/17/2010

Mortgage Rate Amendments Announced By Abbey National

A number of Abbey National mortgages have had their rates of interest reduced it was announced today, though the reductions are very modest.

Published:5/17/2010

Alliance & Leicester Introduce New International bond

A new international bond has been introduced by the Alliance and Leicester which is a limited edition fixed interest rate for one year.

Published:5/16/2010

Legal and General Envisage A Poor Economic Outlook

The May Fundamentals report produced by Legal and General suggests that the economic outlook for the UK is a negative one.

Published:5/16/2010

First Time Buyers Going For Terraced Houses

Looking at activity in the housing market the Ntionwide Building Society sees that the most popular type of property for a first time buyer is the traditional terraced house.

Published:5/16/2010

Liverpool Victoria Cuts Administration Fees

Liverpool Victoria has just announced a removal of what are considered unfair admin charges for all its LV= insurance customers.

Published:5/15/2010

Tesco Finance Life Cover Launched For Over 50s

Designed especially for the over 50 market Tesco Finance has launched a new life insurance policy that will leave a guaranteed tax free lump sum upon claiming.

Published:5/14/2010

Nationwide Reduces Mortgage Rates

Effective from 16 May the Nationwide Building Society will have reduced interest rates on both two year and five year fixed rate mortgages.

Published:5/14/2010

Animal Insurance Missing for Over A Million Owners

Having looked at the situation for pet owners in the UK Sainsburys Bank has found that over a million owners do not have any insurance cover in place for their pets.

Published:5/14/2010

Big Money Property Sales Up Says Halifax

Sales of property with values over GBP1 million went up by 36 percent in 2007 compared with the previous year according to Halifax data.

Published:5/13/2010

NatWest Bank See Big Spenders In Manchester

According to a Natwest Bank survey the people of Manchester are the biggest spenders in the UK, with the typical household spending GBP26,000 each year.

Published:5/13/2010

Range Of Alliance and Leicester Home Loan Products Introduced

A new range of Alliance and Leicester mortgage products has just been announced with flexibility built in to suit different customer needs.

Published:5/13/2010

Halifax Interest Rate Increase On Savings Account

The Halifax has just announced that the Web Saver Extra savings account it offers will have an increased rate of interest, up now to 6.35 percent gross.

Published:5/12/2010

Changes To Alliance and Leicester Bonds Announced

Alliance and Leicester fixed rate bonds have enjoyed some interest rate changes, with the one year fixed rate product going up from 6.5 percent to 6.65 percent AER.

Published:5/12/2010

Alliance and Leicester Agrees Terms With Payzone

A new five year contract has been agreed between the Alliance and Leicester and Payzone, a 17,000 site network where consumers can pay water bills.

Published:5/12/2010

Direct Line Introduces Policies For Pubs And Restaurants

A new policy has been launched by Direct Line that is designed especially for small pubs and restaurants. Cover is included for theft, accidental damage, as well as GBP2 million public liability as well as GBP10 million employers liability cover.

Published:5/11/2010

Alliance and Leicester Sees Caring, Sharing Business Owners

Research carried out by the Alliance and Leicester has found that around 38 percent of small business organisations are run by the owner with the support of their partner.

Published:5/11/2010

Post Office Launches Bike Insurance

Post Office Insurance has just introduced a new motorbike insurance policy with an introductory offer of one month free cover.

Published:5/11/2010

Bicycle Thefts On The Rise According To Household Insurance Data

According to data collated by the Halifax home insurance division people in the UK have a bicycle stolen at a rate of just over one every minute.

Published:5/10/2010

Saga Announces Savings Account Guarantee

The personal finance arm of Saga Insurance has just brought out a new interest rate guarantee for their online savings account.

Published:5/10/2010

Saga Looks At Consumers Ease Or Otherwise At Discussing Money

A new study carried out by Saga Insurance has found that those over 50 years of age do not like to discuss money unless they really have to, unlike younger people who are much more at ease with it.

Published:5/10/2010

Inflation Determined No Change In Base rate Say Lloyds TSB

The head economist from Lloyds TSB has commented on the unchanged base rate announced today, explaining that it was the need to keep a lid on inflation that led to the decision.

Published:5/9/2010

Legal and General Forecast Difficult Summer For Borrowing

Looking at the base rate being held unchanged this week Legal and General are forecasting a difficult Summer for borrowers as lenders take a cautious approach.

Published:5/9/2010

Airmiles Offered With Mortgage From Lloyds TSB

The latest offer in the mortgage market comes from Lloyds TSB which has introduced a new Airmiles mortgage.

Published:5/8/2010

Direct Line Introduces Hotel Insurance

A new range of insurance has been introduced by Direct Line catering for the needs of small hotel owners having 12 rooms or less.

Published:5/8/2010

Hiscox Announces Gould as Chief Operating Officer

Specialist insurance provider Hiscox as selected Michael Gould to be the new Chief Operating Officer, the role commencing on June 9.

Published:5/7/2010

Lloyds TSB Figures On Course For 2008

Although the credit crunch has impacted on the performance of financial organisations across the country Lloyds TSB feel they are still on course to achieve their objectives for the year.

Published:5/7/2010

Norwich Union Dispute Over Reattribution Close To Being Resolved

A spokesman from Norwich Union has said that the GBP2.6 billion reattribution of surplus funds is close to being resolved following previous disputes.

Published:5/6/2010

Nationwide Building Society Reduces International Savings Account Rates

Interest rates on nearly all the Nationwide Building Society International Sterling savings accounts are being reduced by between 0.25 and 0.3 percent.

Published:5/5/2010

Abbey National Investment Bond Limited Time Offer

A new Abbey National fixed rate investment bond has just been launched onto the market for a limited time only so investors should act promptly.

Published:5/5/2010

Abbey National Exclusive Mortgage Offers For Selected Intermediaries

The Abbey National Intermediaries Division has just announced that it will be offering some exclusive mortgage deals for a number of selected partners.

Published:5/4/2010

Alliance and Leicester Extend Current Account Offer

The 8.5 percent interest rate offer on the Alliance and Leicester Premier 50 and Premier Direct current accounts is being extended for a further 3 months such has been its popularity.

Published:5/3/2010

Halifax Index Shows House Price Falls Again

The Halifax House Price Index for April showed a large fall of 1.3 percent, a significant fall in the period of just one month.

Published:5/3/2010

First Birthday For Alliance and Leicester Premier 21 Current Account

The Alliance and Leicester Premier 21 account turned one year old today and to mark the occasion a ten percent interest rate offer has been reintroduced for new customers.

Published:5/2/2010

Alliance and Leicester Reduce Savings Account Rates

The Alliance and Leicester is passing on the Bank of England base rate cut to its customers by reducing the interest rate on most of the savings accounts it offers by the full 0.25 percent.

Published:5/2/2010

House Prices Lower Than Last Year Says Nationwide Building Society

The Nationwide Building Society housing data for April reveals that house prices fell by just over one percent during April, taking them to a lower price point than the same time last year.

Published:5/1/2010

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