Gas bills could rocket within the space of a year
A recent report claims that gas bills could rocket within the space of a year, with some households paying in excess of £1000 a year for their gas usage. The cost of gas usage went up earlier this year, along with electricity prices, and the energy firms are now in the process of raising prices or arrange price raises for later in the year, blaming a rise in the cist of wholesale energy prices for the increase in energy usage costs. Read more
Tags: significant proportion, global contagion, increase, inflation, Readings, production costs, energy, household budget
Consumers switch mortgages to save money
February 7, 2008 by admin
Filed under News, News-Mortgages
Nearly 1.4 million consumers have switched their mortgage provider in order to secure a better deal, one financial expert has claimed. 
Research from MoneyExpert.com has revealed that an estimated three per cent of the adult population has changed mortgage supplier since June last year, a figure which is thought to represent 11 per cent of all UK mortgage holders.
Sean Gardner, chief executive of MoneyExpert.com, said: “The uncertain financial climate of the past six months has forced many people to reassess their household budget with the mortgage top of the list of priorities.”
He added that swapping mortgage supplier will cost more with rising application fees and most are now uncapped, meaning you’re likely to pay a proportion of the total amount you borrow
People aged 35 to 44 are the most likely to have switched mortgage provider, while people living in the South of England are least likely to have done so.
Meanwhile, further research from MoneyExpert.com revealed that four out of five consumers are overpaying for financial products.
