In welcome news for cash-strapped Britons, energy supplier E.ON has announced a reduction in electricity prices.
Electricity Price War Spreads to E.ON
Posted in Banking on Tuesday, January 17th, 2012 at 11:41 by Jessica Haynes.
Virgin Money Offers Easy Access Saver Account
Posted in Banking on Tuesday, January 10th, 2012 at 11:16 by Jessica Haynes.
Now that Virgin Money has completed its acquisition of former rival Northern Rock, the bank is beginning to launch new financial products. One of its initial offerings is the Virgin Easy Access Saver account, which requires virtually no balance to begin earning interest funds; accounts of merely £1 will qualify for interest payments. The current [...]
New Customers of Virgin Money to pay Fees
Posted in Banking on Tuesday, January 3rd, 2012 at 11:00 by Jessica Haynes.
Banking customers are concerned about plans announced by Virgin Money bank, which will begin assessing a monthly fee of £5 on new current accounts.
First Time Homebuyers Seek Affordable Housing in Falling Market
Posted in Mortgages & Property on Wednesday, December 28th, 2011 at 10:59 by Martyn Shaw.
Even though housing prices have continued to decline, 2011 marked a record low in first-time home purchases. Fewer than 200,000 new buyers purchased a house during the past twelve months; this is the lowest annual number since data on the issue was first compiled, beginning in the mid-1970s. The decline in new mortgages issued also [...]
FSA Revises Plans to Limit Mortgage Availability
Posted in Debt, Mortgages & Property on Tuesday, December 20th, 2011 at 12:02 by Martyn Shaw.
In a move welcomed by many homeowners and prospective home buyers in the UK, the Financial Services Authority has backed away from proposed requirements that many feared would negatively impact the ability of many Britons to obtain mortgages. The FSA’s plans as originally proposed could have eliminated interest-only mortgages completely and would also have made [...]
Energy Prices Rapidly Increasing
Posted in Credit Cards, Utilities on Tuesday, October 18th, 2011 at 11:24 by Jessica Haynes.
The latest round of price increases have driven the average price of electricity up more than 11%, with gas prices increasing recently by more than 17%.
Utility Pricing Help Not Always Best for Consumers
Posted in Utilities on Friday, October 14th, 2011 at 11:39 by Martyn Shaw.
A recent investigation has revealed that six of the largest energy utilities in the UK give inconsistent and even inaccurate answers when consumers call them asking about low-cost options for gas and electricity. The energy companies surveyed included Southern Electric, British Gas and E.ON.
Sainsbury’s Offers Price Match Vouchers
Posted in General, Money Saving on Thursday, October 13th, 2011 at 10:27 by Martyn Shaw.
Now that Tesco and Asda are offering lower prices on name-brand groceries, the Sainsbury’s chain has followed suit, offering vouchers that food customers can use to obtain, in effect, an eventual ‘price match’ that will apply to all name-brand groceries in their basket.
Low Interest Rates Spurs Increases in Mortgage Borrowing
Posted in Mortgages & Property on Wednesday, October 12th, 2011 at 09:36 by Martyn Shaw.
According to the Council of Mortgage Lenders, low interest rates during the month of August caused remortgage borrowing to rise by more than 30% as measured by both the number of remortgages and volume of funds lent, in comparison to the same month one year earlier.
Cash Machine Policies Questioned by UK Government
Posted in Banking on Tuesday, October 11th, 2011 at 10:01 by Jessica Haynes.
The Royal Bank of Scotland as well as Lloyds Banking Group have been challenged by the UK Treasury select committee to justify the policies they have implemented regarding their customers’ usage of the cash machines of rival banks.
