Introducing the 57 year mortgage!
February 23, 2007
Abbey, Britain’s second largest mortgage lender is offering the chance to repay your mortgage over 57 years !
Penalised for NOT using your credit card
February 23, 2007
Lloyds TSB are planning to charge around 50,000 of their credit card customers a £35 annual fee. Customers are to be given 10 days notice before it is implemented on March 1st.
Don’t panic if your credit card application is not accepted
February 22, 2007
If you apply for a credit card and you do not get accepted, do not let it put you off. Many times people are turned away from credit card companies due to a number of different reasons.
Cut contents insurance by buying online
February 22, 2007
You could save as much as 35 per cent on your contents insurance by buying online, says MoneyExpert.com. The independent financial comparison website has said there is a price war in contents insurance, with average discounts at 13.7 per cent.
Many Brits prefer pets to partners
February 22, 2007
Online insurer Swiftcover.com has found that one in three Brits would rather cuddle with their pet than their partner. Thirty-four per cent of Brits prefer to sit on the sofa with their dog or cat. And even for those with current partners, romance may not be on the agenda.
Mortgage holders cut back on unsecured loans
February 21, 2007
The Alliance and Leicester Borrowing Thermometer has shown that Brits are less in favour of personal loans and credit card debt, though mortgage borrowing has continued to increase.
New payments system on track
February 21, 2007
The UK banking industry has said it is on track to roll out the new faster payments system by November 2007. The system will bring the UK into line with other users of similar systems around the world
Could high energy bills be more financialy draining than credit cards?
February 20, 2007
Recent reports have shown that most people living within London are thinking that they will have to declare themselves bankrupt or get an IVA within this next year.
Pilot program for mobile money transfer
February 20, 2007
MasterCard Worldwide and the GSM Association (GSMA) are to pilot a program to make international person to person money transfer much simpler. The program is aimed at the people who lack access to traditional banking services
Teenagers don’t understand credit cards
February 20, 2007
Twenty-three per cent of 18 year olds think that credit card is something that they use to buy goods and services where parents pick up the bill.
