Archive for April, 2014

1 in 20 say they couldn’t live without borrowing
By April 28, 2014 Read More →

1 in 20 say they couldn’t live without borrowing

Nearly two-thirds of people borrow Just 1 in 10 feel ‘relaxed’ about borrowing Women twice as likely as men to be scared of borrowing Nearly one in 20 people in the UK admit they could not live without borrowing money. New research conducted on behalf of alternative account provider thinkmoney.co.uk reveals that 4.3% of adults […]

Posted in: Borrowing
Organised gangs behind fraudulent claims
By April 27, 2014 Read More →

Organised gangs behind fraudulent claims

Aviva, the UK’s largest insurer, detected over £110 million worth of insurance fraud in 2013 – a 19% increase compared with 2012. Aviva detects over 45 fraudulent claims per day worth more than a total of £300,000.* Aviva’s figures show that insurance fraud is a diverse crime and can range from exaggerating genuine claims or […]

Posted in: Insurance
New Mortgage rules come in to effect
By April 26, 2014 Read More →

New Mortgage rules come in to effect

From today, new rules from the Financial Conduct Authority (FCA) come into force which will put common sense at the heart of the mortgage market and prevent borrowers ending up with a mortgage they cannot afford. The key changes, which are the outcome of the FCA’s mortgage market review (MMR), mean that most people will […]

Posted in: Mortgages
Gocompare.com comments on the FCA’s new mortgage rules
By April 25, 2014 Read More →

Gocompare.com comments on the FCA’s new mortgage rules

New mortgage lending rules, developed by the Financial Conduct Authority (FCA) following its mortgage market review, will take effect from Saturday 26 April, and will see prospective homebuyers and movers facing more scrutiny of their outgoings when applying for a mortgage. Matt Sanders, Gocompare.com’s mortgage spokesman, said: “For some time now lenders have been requiring […]

Posted in: Mortgages