News Archive From May 2006

• £390m Cost of Stolen Mobile Phones [18.05.06]
  Mobile phone theft in the UK is on the increase as they become smaller, more expensive and more desirable. The cost of these thefts to insurers, phone suppliers and customers has reached £390m.
• Britons throw Money Away By Saving When In Debt [17.05.06]
  Millions of Britons are proving to be financially inept by saving whilst still being in debt through personal loans, credit cards and overdrafts, according to new research.
• Hidden Clauses Leave Homeowners Inadequately Insured [17.05.06]
  Making a successful claim on your house insurance could depend on the hidden catches and exclusions contained within your home insurance policy.
• An Offset Mortgage Could Save You £22,000 [16.05.06]
  Here’s some food for thought for homeowners, saving the cost of a sandwich each day could save you £22,000 in interest payments on your home loan and result in paying off your mortgage three years early.
• Employers Question Pension Schemes After Sackings [12.05.06]
  Events at a City insurance firm have led employers to consider closing pension schemes to current employees, as well as to new employees.
• Mortgage Lending At Highest for 28-Months [05.05.06]
  The Bank of England has revealed that new mortgage lending in March was higher than it has been for 28 months.
• Students Believe Debt is OK [04.05.06]
  Many financial experts believe that students in the UK on a whole believe that to be debt is socially acceptable. The experts believe that most students taking out a student loan have brought about this general consensus among students.
• Barclays Bosses Use Rival Banks for Mortgages [02.05.06]
  Red-faced Barclays officials yesterday confirmed that the bank’s chief executive took out a home loan last year from rival bank HSBC.