UK homeowners could save £49 a month on average by remortgaging their property, according to a report from TSB.
Spread across a two-year fixed term mortgage on a £100,000 property, this adds up to a saving of £2,300, the bank added.
Of the 2,000 British homeowners surveyed by…
Continue reading the "Remortgaging could save homeowners up to £2,300" »
Household bills rose by almost ten per cent over the course of 2016, according to new analysis from Comparethemarket.com.
Following a £180 drop in 2015, average energy and insurance costs shot up from £2,032 to £2,223, according to the price comparison website.
This marked a …
Continue reading the "Household bills hit record levels in 2016" »
The amount of unsecured consumer credit, such as credit cards, car loans and second mortgages, grew at its fastest rate since 2005 in the year to November.
According to figures from the Bank of England, a credit boom saw unsecured consumer credit increase by 10.8 per cent to £192.2 billion,…
Continue reading the "Alarm bells ring as unsecured consumer credit snowballs in 2016" »
If you felt that you overspent more than you overate during Christmas, then you’re in the majority because 85 per cent of Brits kicked off 2017 with at least some credit card debt, new research has revealed.
Brits had an average of £636 on their credit card as they entered the new yea…
Continue reading the "Half of Brits will still be paying for Christmas 2016 one year on" »
The cost of insuring a car has gone up by almost £100 on average over the course of 2016.
New analysis that looked at 873,000 customer quotes generated through MoneySuperMarket in November found that annual car insurance premiums averaged at £597, 12 per cent more than they were at th…
Continue reading the "Cost of car insurance climbs 12 per cent during 2016" »
Contractors face more obstacles than permanent employees when applying for a mortgage, according to a new survey of 250 self-employed workers.
The research, commissioned by Yorkshire Building Society-owned Accord Mortgages, found that one in five (22 per cent) self-employed workers believe the ir…
Continue reading the "Self-employed forced to jump through more hoops to secure mortgage" »
House prices in the UK are on the rise again, according to new figures from Halifax.
The average price of a home in Britain between September and November was £218,002 – a whopping six per cent higher than in the same three months a year earlier.
This marked the first increase in the ann…
Continue reading the "UK house prices up six per cent" »
Christmas is the most expensive time of the year for pretty much everyone, with the obligation to buy gifts and serve up a festive feast designed to keep bellies stuffed way past Boxing Day.
But it needn’t be a bunker-buster on your bank balance and there are many ways consumers can minimis…
Continue reading the "How to stay savvy during your Christmas shopping" »