The material on this website is for information only
and is not intended as any recommendation or endorsement of any products or companies mentioned. We are not licensed by the FSA to give financial advice, and none of the material on this website constitutes or is intended to constitute financial ...
News
Leicester MercuryMattioli Woods boss says UK economy is robust enough to enable Brexit to happenLeicester MercuryIt provides pension administration and trustee services to more than 1,500 self-invested personal pension and small self-administered scheme clients, with more than £400 million of assets under administration. Last year it made a profit before tax of ...
SEBI working on more distribution channels for MFs: UK Sinha at AMFI AGMEconomic TimesFor starters, ET MONEY makes it easy to find the best performing funds through auto-created themes. These themes are based on specific goals (for example tax saving) & are created by analyzing performance of more than 5,000+ mutual funds over the last ...and more »
Mortgage StrategyBrokers slam Nationwide's proc fee 'unfairness'Mortgage StrategyThe lender is sending letters to existing customers who are approaching the end of their term, which offer “£250 cashback for keeping your mortgage with us”. The letters, seen by Mortgage Strategy, also promote the lender's range of switcher deals.
Reuters UKEx-IMF head Rato stands trial in Spain over credit card useReuters UKMADRID Crowds jeered at former International Monetary Fund chief Rodrigo Rato when he arrived at a Madrid court on Monday to face trial for his alleged misuse of company credit cards on extravagant personal expenses. Rato and 64 other ... As the two ...Spain Bankia fraud trial for ex-IMF boss Rodrigo RatoBBC Newsall 30 news articles »
Christian Science MonitorEx-IMF head Rato stands trial in Spain over credit card useDaily MailMADRID, Sept 26 (Reuters) - Crowds jeered at former International Monetary Fund chief Rodrigo Rato when he arrived at a Madrid court on Monday to face trial for his alleged misuse of company credit cards on extravagant personal expenses. Rato and 64 ...Spain Bankia fraud trial for ex-IMF boss Rodrigo RatoBBC Newsall 42 news articles »
Have you met...
Latest Members:


lidolove201046


expert


SHIMAA222


reda21


hannamarin


nermine


ahmed

 

General News

Email this story to a friend:

LOAN APATHY COSTS US DEAR

By sticking with current account providers and failing to get several quotes we end up paying hundreds of pounds more for our loans than we need to.
22-11-2010
•    More than half of all people taking out loans in the last five years have borrowed from their current account provider
 
•    One third (33%) received just one quote before choosing a lender
 
•    Loan rates can differ by as much as 18.3% a potential difference of £1404 over the course of a three-year £5000 loan    
 
Research by Sainsbury’s Finance shows that one third of people who take out personal loans don’t shop around but take out the first loan they get a quote for. More than half of people chose their own bank or current account provider when choosing a lender and of these 4 of every 10 don’t look elsewhere for a competitive quote. The research also found that older people are less likely to shop around and more likely to stick with their current account provider than younger people.
Steven Baillie, Head of Loans, Sainsbury’s Finance, said: “Given the increase in number and popularity of price comparison websites it’s surprising that so many people still go straight to their high street bank without comparing deals.  There are many deals to be had but you simply won't know how much you can save until you shop around a little. The difference in price between the most competitive loans and the rest of the market can be literally hundreds of pounds.”

Advertise with us  |  Privacy  |  Terms & Copyright                                                                                     Website maintained by USP Networks