More Now Buy Finance Online

Published / Last Updated on 18/04/2005

More people are going online to not only buy groceries, but also to buy financial products too, according to research from Sainsbury's Bank. 

The supermarket is predicting a further 27% increase in online purchasing of financial products this year, after visitors to its website increased by 208% in 2004.

Research by NOP World Financial, has supported this prediction, and shows that 92,000 people bought mortgages online last year compared to 82,000 the year before.   In 2003 a total of 2.3 million people went online for financial services, a figure that rose to 3.3 million in 2004. 

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