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What you need to know about the supermarket price wars

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A BBC Panorama investigation screened on Monday accused the UK’s big four supermarkets of confusing customers with misleading pricing and less than transparent special offers. The program claimed its findings could leave the stores open to prosecution and enforcement action from the Office of Fair Trading (OFT).

Reporter Sophie Raworth skulked around branches of the big four’s stores near to her home with a hidden camera and uncovered a range of bogus deals, pricing mistakes and misleading claims that could leave customers out of pocket.

The country’s biggest supermarkets – Tesco, Asda, Sainsbury’s and Morrisons – are in the middle a price war to tempt cash-strapped consumers into their stores over the Christmas period. They all claim to be slashing their prices in an effort to make life a little easier for their hard-pressed customers as seven years of austerity looms the other side of the holiday season.

Richard Perks, a retail analyst, told Panorama these cost cutting exercises are nothing more than a cynical marketing ploy to boost the supermarkets profits: “If there was a price war going on… Continue To Read This Post..

December 8, 2011   No Comments

Why You Need To Approach Remortgage Brokers

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It is recommended that you think about all the available options since taking a remortgage is not a small decision. You have two possible options; a remortgage broker or a bank. Going to bank is like directly going to a lender, while a remortgage broker is a middle man between you and the lender.

You may think that obtaining a remortgage through a broker will be expensive as a middle man is involved between you and the lender. Often it is not the case. Usually, remortgage brokers offer very competitive rates. Lenders provide special interest rates to the remortgage brokers, which enables them to get you a loan at favorable rates. As brokers deal with many lenders, they have the alternative of selecting from many deals.

For taking a remortgage, usually banks are the first consideration for most people.

In case of a bank, your choice may be limited. Brokers work with not just one, but many lenders, this allows them to offer you bigger variety of deals. Especially,

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July 17, 2011   No Comments

6 great credit card tips for those who need to travel

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More convenient than travelers’ checks and safer than carrying large wads of cash around, credit cards are the preferred method of payment by travellers in many parts of the world. Used to purchase rail tickets, fill up gas tanks and stock up on groceries, credit cards are an essential item for any one going abroad. However, using your credit card overseas can also be risky these tips show how you can avoid the pitfalls.

Call your credit card company before you go.

To prevent your card freezing on you while you are overseas, always call your credit company to inform them that you will be using your card while abroad. The automated fraud protection used by some credit card companies may automatically freeze your card after an unexpected foreign purchase. Replacing a credit card while you are abroad can be a hassle. You should also give your credit card company your email address and ask them not to call you while you are overseas to avoid costly international mobile phone fees.

Confirm your limits and expiration dates.

Is there anything… Continue To Read This Post..

June 7, 2011   No Comments

Stressed workers need holiday every two months

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senior employeeBurnt out Brit’s lives have become so stressful that we need to take a holiday every 62 days to avoid making mistakes at work and putting our health at risk.

A survey by Post Office Travel Insurance found that nearly a quarter of workers are so stressed-out that they need to take some time off every few months to stay fresh and focused.

The study found that those who leave a longer gap between breaks are more likely to become anxious, aggressive and ill.

The average worker did not take their first break until April 19 this year. Just one in five employees allow themselves some time off every two months, while 44% work six months straight before taking a holiday.

Experts have warned that worries about job security, redundancies and the fragile state of the economy have increased stress for workers, making holidays more important than ever.

Cary Cooper, professor of organisational psychology and health at Lancaster University, said: “Redundancies across the country have led to a fall in numbers of workers in each organisation, but no fall in… Continue To Read This Post..

May 31, 2011   No Comments

Everything You Need To Know and Expect When Taking on a Remortgage

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When you remortgage, it is imperative that you don’t just think about the new lower interest rate, but also include other costs in your budgeting. A new lower interest rate can be very tempting, but there are other fees to take into consideration when you take out a new mortgage deal.

People get new mortgages (known as remortgages) for different reasons. You can take a further advance if you want to do some home improvements, or can in fact pay off a lump sum when you switch your mortgage over if you’ve got savings to reduce the funds secured against your property.

Valuing Your Home: Lenders need to know that the value of your property is sufficient security for the mortgage that you are taking, so they will instruct a valuation to be undertaken to confirm how much your property is worth. This is to ensure that should you default on the loan, the property can be sold to repay it.

Sometimes the lender will pay the cost of a valuation report,

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May 24, 2011   No Comments

Everything You Need To Know and Expect When Taking on a Remortgage

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OK so you are considering a remortgage and why not? There are plenty of good reasons to consider remortgaging at the moment including benefiting from an all time low interest rate! By remortgaging you may also benefit from freeing up equity, flexible payments and even potential overpayment options. Facilities you may not have on your existing mortgage.

Whilst saving money may be your primary concern when remortgaging, it is important that you consider the costs of the remortgage process as well as the savings you may make in terms of your monthly repayments. Sometimes a great deal may have hidden fees which can make it less appealing. If you are thinking of remortgaging, ensure that you check to see whether any of the following five fees will be payable.

Valuing Your Home: Lenders need to know that the value of your property is sufficient security for the mortgage that you are taking, so they will instruct a valuation to be undertaken to confirm how much your property

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April 29, 2011   No Comments

Credit Crunch Increases Need for Debt Help

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As the effects of the credit crunch continue, there has been an increase in the number of people who are asking for debt help. According to research by MoneyExpert, more than one in eight people of us has asked for debt help as our finances get further out of control.

The research shows that 30% of UK adults are concerned that they will not be able to repay their credit card debt, secured loan, store card debt or meet mortgage payments.

Sean Gardner, director of MoneyExpert.com, commented: “The banks are reporting growing levels of bad debts as customers fall behind on repayments.” However, not all of those who need debt help are actively seeking it, as more than half of those who are very concerned about their debt problems have yet to seek debt help.

Does the Credit Crunch Mean You Need Debt Help?

Dealing with debt can be a very stressful time; making multiple creditor payments to your unsecured debt as well as keeping on top of your mortgage payments may prove impossible if your

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April 15, 2011   No Comments