June 2007 Finance News Archive

• Many consumers duped into purchasing PPI [14.06.07]
  Over recent months there has been a great deal of controversy relating to Payment Protection Insurance, otherwise known simply as PPI.
• Homeowners should brace themselves for further interest rate rises [14.06.07]
  Homeowners in the UK have already had to cope with the financial strain of four interest rate rises of 0.25% each since August 2005.
• Higher life insurance claims may be turned down [13.06.07]
  Recent reports have suggested that more and more consumers are becoming despondent and distrustful when it comes to the likelihood of insurance companies paying out on an insurance claim, and recent research carried out by a financial services support group has shown that higher claims may indeed be turned down by life insurance companies.
• British Gas comes bottom of league for customers [13.06.07]
  A recent survey carried out by price comparison website uswitch.com has shown that energy giant British Gas continues to be the least popular energy supplier with consumers for the second year in a row.
• Don't wait around for British Gas to cut prices [12.06.07]
  Despite the recent price cuts on gas and electricity from British Gas, a number of customers are still not seeing the new rates reflected on their bills – until they take action themselves.
• Annual travel insurance could prove a better deal [12.06.07]
  With many Brits getting ready to jet off on their summer holidays in the next few months travel insurance sales are set to go through the roof.
• Interest rates could keep on rising [11.06.07]
  Homeowners and potential property purchasers in the UK have had to face the financial implications of four interest rate rises enforced by the Bank of England in the past nine months.
• Don't choose the wrong deal in your rush to remortgage [11.06.07]
  With the four interest rate rises that have already been imposed with the Bank of England since August of last year, consumers in the UK have been flocking to mortgage lenders in a bid to try and get a better deal on their mortgage and avoid some of the financial pinch of these interest rate hikes.
• British Gas not impressing customers [11.06.07]
  In a recent survey one of the UK's best known energy suppliers, British Gas, has been voted the worst energy supplier in the UK.
• Savers may have to wait for interest rate rise to be applied [10.06.07]
  Earlier this week the Bank of England raised interest rates for the fourth time in nine months, taking the rate to 5.5%.
• Is a twenty five year fixed rate too much? [10.06.07]
  With property prices on the rise in the UK and affordability at its lowest in fifteen years, mortgage lenders have been eagerly looking into ways to try and make it easier for consumers to raise the money required for a home.
• Many consumers unhappy with account and loan providers [09.06.07]
  According to recent data, many people in the UK are unhappy with their loan and account providers, and this is reflected through the number of people that are opting to switch providers.
• Water board complaints on the rise [09.06.07]
  According to consumer watchdogs the level of complaints targeted at water companies in England and Wales has rocketed, with a ten percent rise in the number of complaints received in the space of just one year.
• Consumers should weight up pros and cons of IVAs [08.06.07]
  Over recent years the number of people struggling to repay their debts in the UK has rocketed, and the level of bad debts has gone up significantly.
• Higher fees likely to homebuyers with smaller deposits [08.06.07]
  According to recent data, banks and building societies are penalizing homebuyers with a lower deposit by charging more in the way of mortgage fees.
• Consumers should get rid of fixed rate deals on energy [07.06.07]
  According to experts many consumers in the UK are continuing to make over the top payments on their gas and electricity bills simply because they have failed to drop the fixed price schemes that they signed up to last year or the year before, when prices were on the up.
• Barclays accused of breaching privacy [07.06.07]
  Barclay's Bank, one of the UK's leading banks, was recently part of an investigation that was carried out using an undercover reporter from the BBC.
• Bank of England raises interest rates again [04.06.07]
  As expected by many analysts and million of homeowners, the Bank of England announced a fourth interest rate rise in the space of nine months earlier this week.
• UK homeowners keen to get out of mortgage debt [04.06.07]
  Recent data has highlighted the fact that many consumers in the UK are very keen to find ways to pay off their mortgage early, thus reducing the amount of time that they are in long term debt and saving a fortune in interest.
• Younger people need to be more careful about their choice of insurance products [03.06.07]
  According to the results of a recent survey many younger people in the UK are taking out the wrong type of insurance cover for their needs simply because of the cost of cover.
• More and more borrowers show interest in interest only mortgages [03.06.07]
  According to recent figures there has been a huge surge in interest from UK consumers when it comes to interest only mortgages.
• Insurance companies need to improve cold calling sales standards [01.06.07]
  The Financial Services Authority has instructed insurance companies to improve the standards when it comes to sales made through cold calling.
• Scottish Power finally brings down prices [01.06.07]
  One of the 'Big Six' UK energy providers has finally cut its gas and electricity prices, but has disappointed customer and campaigners by being the last to do so after dragging its feet for months following a cut in wholesale prices of energy.
• Fewer fixed rate mortgages available [01.06.07]
  With predictions looming with regards to the next interest rate rise that is due to be applied by the Bank of England, many lenders have now either upped the interest rates on their fixed rate mortgages or have withdrawn some of their fixed rate deals from the market altogether.
• Could the Internet be responsible for higher level of loan refusals? [01.06.07]
  Over recent months lenders and financial bodies in the UK have been reporting on the increased level of refusals on finance such as loans and credit card.