Personal Finance News
Downturn to crunch mobile sales
Posted 2008-08-14
Booming sales of mobile phones will be hit by the global squeeze on credit, according to experts. Deutsche Bank and Oppenheimer & Co have cut their growth predictions, although most analysts agree the market will still increase, albeit at a slower rate. ...
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Despite negative media coverage MPPI sales stayed strong
Posted 2008-08-13
A survey by The Mortgage Alliance and Cardiff Pinnacle revealed that two third of brokers did not feel that the ongoing regulatory investigations into PPI by the FSA and the Competition Commission had a negative effect on the selling of MPPI. The results show that 21% of brokers felt that the recent media focus and regulatory investigations partly had some impact on sales and 15% reported no effects on the selling of MPPI. ...
Read Despite negative media coverage MPPI sales stayed strong
Mobile Phone Sales Hit by Crunch?
Posted 2008-07-17
With Apples new iPhone taking most of the press coverage this week, a worldwide economic slump may hit their high hopes. Experts in research Gartner, maintain that 1.15 billion handsets were sold in 2007, which was an increase of 16% on 2006. ...
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High interest rate on current accounts up for grabs
Posted 2008-06-8
Lloyds TSB announced today a new six per cent current account following increasing competition between leading banks. Customers who open a Plus account before July 13th will receive six per cent AER (5.84 per cent gross variable) on balances as high as £2,500. ...
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Not having mortgage life insurance is a “risky strategy”
Posted 2008-06-5
An expert has warned that not taking out life insurance with a mortgage is a “risky strategy”. Plan Insure states that that due to the credit crunch fewer people are willing to part with the extra money it costs each month to have a life insurance plan in place. ...
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Bank of England keeps base rate steady
Posted 2008-06-5
The Bank of England opted to freeze its base interest rate at five per cent yesterday. Economists had not been expecting a cut, despite the need to boost the economy and stop the restrictions on mortgage lending, due to the recent jump in inflation. ...
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Clever consumers” regularly check credit reports
Posted 2008-06-4
Savvy consumers check their credit reports regularly, according to one expert. James Jones, the consumer education manager at Experian, said that as loans are becoming increasingly difficult to get hold of, consumers need to take steps to maximise their chance of having an application accepted. ...
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Expert: Always worth searching for a better mortgage deal
Posted 2008-06-4
It is always worth comparing mortgage deals to find a more competitive rate, according to one expert. Your Mortgage has stated that despite the tightening of the mortgage market in the past six months it is still worth hunting for a good deal. ...
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Brits ‘unsure about their debt levels’
Posted 2008-06-3
One in ten Britons are unsure about their level of debt, according to new research. A study by CreditExpert.co.u...
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First-time buyers ‘unable to get on the property ladder’
Posted 2008-06-3
First-time buyers are being squeezed out of the housing market and are unable to afford homes in their local area, it has emerged. A report from Hometrack asserts that 28.3 per cent of would-be homeowners are unable to afford a property in their locality. ...
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