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Spring clean your finances

SPRING CLEAN YOUR FINANCES
• Switch energy and home telephone supplier and save money says uSwitch.com Home Services

With house prices on the up and interest rate rises imminent, homeowners need to be saving money any which way they can. According to Web and freephone based utilities comparison service uSwitch.com, savvy homeowners could save up to £300* year simply by switching gas, electricity and home phone providers.

And as we move into the swing of the annual home-buying season, research from uSwitch.com Home Services** reveals that more than half (55.6 per cent) of households don’t switch utility suppliers when they move home.

Worryingly, two thirds (57.85 per cent) said that their reason for sticking with their gas and electricity supplier was out of sheer laziness and more than 20 per cent said that they stood by their current energy company because they ‘trust and like’ them.

Andrew Salmon, Managing Director at uSwitch.com says: “Moving home is an expensive business - not only are people paying more for their property than ever before, rising interest rates and household debt is also putting further pressure on income. Homeowners should be looking to minimize outgoings as much as possible and switching energy or home telephone provider is just a few of the ways this can be done.

“Our research shows that despite more people becoming tuned into the idea of switching, there is still on average, a massive £2.2 billion**** per year being wasted by households who have not switched away from their current energy suppliers.”

A family living in a three bedroom semi-detached house in north London could save £168.21 on their annual energy bill if they switched away from British Gas and London Energy and signed up to ScottishPower’s online dual fuel plan.***

uSwitch.com Home Services provides free independent and impartial advice to consumers about which tariffs would best suit their needs. By simply entering the postcode into the uSwitch.com Home Services calculator or calling the consumers can assess the options available to them and make an informed choice.

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