Archive for the 'Financial Products' Category

Reviews of financial products including current accounts, saving accounts, ISAs, mortgages, insurance, loans & credit cards to help you decide which financial products best suit your needs.

6 Great Alternative Funding Options for Small Businesses

If your business is in need of cash to get it through a lull or needs money to expand, the first thing you’ll probably think to do is head over to the bank and apply for a loan. However, that is not the only option available to you today. Here are six great alternative funding […]

Unitended Consequences of 3% Stamp Duty Surcharge

The 3% Stamp Duty Surcharge, introduced in April 2015, is having unintended consequences. It was meant to be an additional cost for buy-to-let landlords. There were few critics of the surcharge as most people thought that buy-to-let landlords were fair game as a source of additional tax revenue. However, even if you have no intention […]

Many Short Term Motor Insurance Policies Exclude Unemployed Drivers

I had read that being unemployed could increase the cost of your motor insurance. What I hadn’t realised was that it may also mean that you can’t get short-term motor insurance. One of our sons recently gave up his job as a senior developer with the thought on doing some long-term travel, perhaps combined with […]

Nationwide Reduce Rate on My Flexclusive ISA by 0.3%

I was dismayed to receive a letter from Nationwide this morning informing me that the interest rate paid on my Flexclusive ISA Issue 12 is reducing from 1.05% to 0.75%. The rate cut kicks in on 1 March 2017. That’s just over two weeks notice, not much time to organise a transfer to an Cash […]

Interest Rates on Savings Accounts Still Falling

I thought that I would have some respite from reductions in the rates of interest paid on my current and savings account. In the wake of the 0.25% fall in the Bank of England Base Rate in August 2016, the rates of interest paid on virtually all my current and savings account dropped, in some […]

A Beginner’s Guide to Investing in Gold

The investment world can be utterly daunting at times. There are so many options to choose from, such as: stocks, bonds, certificates of deposit, countless commodities, real estate, exchange traded funds, venture capitalism, and currency. There’s an overwhelming amount of choice and it can feel like the investment world is reserved purely for the super-rich […]

Another Moving of Goalposts for Pension Planning

I am absolutely sick fed up of the UK Government’s constant tinkering with pensions. There’s all this talk about how people should put a higher percentage of their earnings into a pension to ensure a comfortable retirement. But when you try to plan your retirement, the goalposts keep changing.

An Update on Simples from

In July last year I wrote about my roadtesting of the Simples tool from Simples is a really handy online tool allowing you to store and access all your insurance policies. So if you ever need to get details on your cover, you don’t need to start searching for policy documents. In the last few […]

Is Peer-to Peer Lending Running Out Of Steam?

When I read that the Zopa peer-to-peer lending website was no longer accepting new deposits, I wondered if peer-to-peer lending is running out of steam? Zopa decided to stop accepting new deposits in response the reduced rate of interest being paid to lenders, the increase in time for new deposits to be left out and […]

Know Your Options for Planning a Budget

We’ve all been there – drowning in a sea of debt. There isn’t anything much more stressful than being in financial dire straits. There’s nothing worse than those ghastly creditors hounding you to pay-up. It is at times like this that many people are sorely tempted to take on even more credit. They look at […]