- Lowest number of Mortgage Approvals since records began.
- In a breaking report from the Bank of England only 64,000 mortgages were approved last month.
- Tue 29th Apr 2008
- Are the Banks getting greedy?
- In a test case in the High Court today, 8 UK Banks may be deemed to have be charging their customers unfairly.
- Thu 24th Apr 2008
- Comparison websites under the hot spotlight.
- The centre for competition policy has produced a report saying independent checks need to be made of comparison websites.
- Sat 12th Apr 2008
Brits 'struggling to afford insurance'
Wed 12 Dec 2007 3pm
The rising cost of living in the UK has meant that many people are neglecting their need for insurance, a new report has claimed.According to Sainsbury's Finance, ten per cent of the nation's homeowners do not currently have insurance for their property, while 11 per cent of people did not arrange any travel insurance for their last holiday.
With living costs rising by an average of 4.2 per cent between October and November this year, an increasing number of people are looking to cut financial corners by avoiding the expense of insurance, the company stated.
"Insurance is an absolute must, but our research suggests that millions of people are playing Russian roulette by opting to do without," said Steve Johnson, head of insurance at Sainsbury's Finance.
"Those people finding it difficult to afford insurance due to the rising cost in living need to ensure that they shop around for the best cover," he added.
Homeowners planning a major DIY job were recently urged to take out accidental damage cover by the British Insurance Brokers' Association.
