Financial Information Index

More couples leapt to homeownership in 2007

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Posted 2008-02-9

Last year the number of joint-home buyers increased from previous figures. The number of couples making first-time home purchases grew from 45% in 2006 to 50% in 2007, reported John Charcol. The technical manager of the firm’s Web site Charcol.co.uk,...

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Credit card victims treated as idle gaff

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Posted 2008-02-9

As the frequency of credit card fraud cases continue to increase, they are strangely being viewed as victimless crimes, reports say. Danny Harrison, a security expert with protection firm CPP, noted that more people are beginning to see credit card...

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Mortgage holders advised to pay off early

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Posted 2008-02-8

Mortgage experts John Charcol advised mortgage holders to stay on top of their repayments and to try and pay off their mortgages as soon as possible. The advantage to paying off mortgages at the same rate, rather than dropping payments...

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Prospects may brighten for first-time buyers

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Posted 2008-02-8

Many first-time buyers may be relieved to hear that many lenders are still willing to work with borrowers to get them on the housing ladder to homeownership. Although home buyers are likely to face more stringent lending criteria than before,...

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Insure your Valentines’ protection

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Posted 2008-02-7

Receiving expensive gifts increases the value of insurance you need to stay protected, which means you may want to re-evaluate your current home insurance coverage. Direct Line noted that jewellery is an especially popular choice; which Britons may spend nearly...

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Valentines’ worth over £70 for love

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Posted 2008-02-7

For many, Valentine’s Day is a special opportunity to show someone you care. Research by PayPal shows the average Brit will spend more than £70 on their loved one, with £71.25 being the average. Over 23 million people in the...

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Consumer confidence deflates on inflation fears

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Posted 2008-02-7

The recent rise of inflation in the UK is hurting more than consumer pockets. A Consumer Barometer from Lloyds TSB Corporate Markets shows the number of consumers expecting interest rates to be higher rather than lower grew by 2% last...

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Rent Costs Increase Landlord Confidence

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Posted 2008-02-6

With Paragon Mortgages reporting a 19.4% increase in rents last year, many landlords are confident about the rental market of 2008. The last three months of 2007 saw 8.1% of that overall increase, giving industry members plenty of reason to...

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Inflation hidden danger for consumers

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Posted 2008-02-3

A price comparison Web site points out that although “not unexpected”, the recent interest rate cuts made by the Bank of England could serve to fuel inflation. Many economists agree that continually cutting interest rates could spur borrowing in an...

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Rising energy costs not warming residents

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Posted 2008-02-2

Energy provider E.ON, formerly known as Powergen, is joining the ranks of other fuel providers who have raised energy costs in the last few months. E.ON was slated to raise prices starting February 8th and customers could begin to...

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