Finance Matters » research

Banks hide rate cuts from savers

David Masters — Thu, 29 Jul 2010 13:21:47 +0000

Banks are keeping their customers in the dark about interest rate changes on their accounts, new research has found.
The study by Which? Money found most banks rely on newspaper adverts or customers popping into their local branch to keep savers informed of rate cuts
Only four of the twelve banks investigated guaranteed to keep customers informed [...]

Olympic Park development boosts house prices

Gill Montia — Wed, 28 Jul 2010 07:13:23 +0000

Some neighbourhoods close to the Olympic Park development have seen sharp rises in house prices since 2005, when the Capital was awarded the Games.
According to research from Lloyds TSB, Homerton and Shoreditch have recorded average property price rises of 69% and 53% respectively, well above the Greater London average of 36%.
However, only four of the [...]

House prices slip as new buyer enquiries decline

Gill Montia — Tue, 27 Jul 2010 06:51:00 +0000

New research from Hometrack shows house prices in England and Wales slipping in July, for the first time in 15 months.
The housing intelligence firm has recorded a 0.1% decline as the market continues to take up the impact of a surge in new instructions, alongside a 1.3% drop in new buyer enquiries.
Hometrack director, Richard Donnell, [...]

London homebuyers pays £20k premium to live near station

Gill Montia — Tue, 20 Jul 2010 05:43:51 +0000

London homebuyers are prepared to pay a considerable premium to be close to a Tube or train station, according to research from Nationwide.
A property 500m from the nearest station is likely to cost 7% (typically £20,300) more than a similar home 1,500m distant.
Premiums increase as you move closer towards a station: for example, an identical [...]

Over-50s slash retirement savings

David Masters — Mon, 19 Jul 2010 14:28:27 +0000

Britain’s over-50s have reduced their retirement savings by nearly £18 billion over the last year, according to new research by LV=.
The pensions, investments and insurance group found 21% of those approaching retirement have reduced their retirement savings by an average of more than £300 per month in the past 12 months.
In the same period, just [...]

Brits waste £150m on credit card fees

David Masters — Sun, 18 Jul 2010 10:47:42 +0000

Every year British consumers waste £150 million on late payment credit card charges, Confused.com has revealed.
Research by the price comparison site found one in four (26%) credit card holders have been charged at least once in the last 12 months for missing a late payment.
Nearly one in 11 (8.5%) have been charged three or more [...]

One in three chance of double-dip recession

David Masters — Sun, 18 Jul 2010 10:47:17 +0000

Britain has a one in three chance of going back into recession before 2012 because of the government’s spending cuts, a Legal & General economist has claimed.
James Carrick said the government’s growth forecasts are too optimistic, and said the economy’s health is not as strong as many investors believe.
“The government forecasts private sector growth of [...]

Debt-fuelled Brits risk holiday hangover

David Masters — Tue, 13 Jul 2010 14:10:45 +0000

One in three Brits risk a financial holiday hangover by paying for their holiday using debt, according to new research.
Research by Bright Grey found 32% of holidaymakers will pay for this summer’s break using a credit card, travel agent payment plan, or by borrowing money from family and friends.
Sun-seekers will borrow an average of £1,200, [...]

SVR huggers miss out on cheaper mortgage payments

Gill Montia — Mon, 12 Jul 2010 14:42:23 +0000

New research from Yorkshire Building Society shows that the number of mortgage borrowers now on their lenders’ standard variable rates (SVRs) is over 2.3 million, representing 28% of the total mortgage market.
Typically these households have come off fixed-term deals and for one reason or another have chosen to revert to their lenders’ SVRs, rather [...]

Online donations boost Gift Aid, claims Virgin Money

David Masters — Fri, 09 Jul 2010 12:44:48 +0000

Charities should encourage their supporters to donate online, Virgin Money Giving claimed this week, as online donations have the greatest Gift Aid take up.
The government adds 28% to donations made with Gift Aid, so a donation of £1 becomes £1.28.
Research in 2009 found donors who give online are more likely to fill in the details [...]

Finance Matters » research

Banks hide rate cuts from savers

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Olympic Park development boosts house prices

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House prices slip as new buyer enquiries decline

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London homebuyers pays £20k premium to live near station

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Over-50s slash retirement savings

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Brits waste £150m on credit card fees

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One in three chance of double-dip recession

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Debt-fuelled Brits risk holiday hangover

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SVR huggers miss out on cheaper mortgage payments

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Online donations boost Gift Aid, claims Virgin Money

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