Tree subsidence danger highlighted
Homeowners are being warned about the potential subsidence dangers caused by planting trees too close to their homes.According to Halifax Home Insurance, planting trees too close to homes accounts for the majority of subsidence claims dealt with by insurers.In extreme cases, subsidence can cause major structural damage to homes, however paying special attention to the trees and vegetation around a property can go a long way towards reducing the risk of a subsidence problem."When people plant trees they plant them as young saplings in the garden and obviously they are going to prove no problem whatsoever till after a good number of years," Neil Curling, spokesperson for Halifax Home Insurance said."Regardless of whether the present incumbents stay in the house long enough they have set in motion a chain of events which can lead to subsidence."People do plant trees too close to houses and they bring about the majority of subsidence insurance claims that we face," he added.Most people are insured for subsidence in their home insurance policy, even if they planted the offending tree themselves.
How often should you speak with your financial adviser?
Financial advice is a very tricky subject and one which many people have differing views on. How often should you speak with your financial adviser? Do you really need a financial adviser? Is it possible to look after your own financial affairs?
The bottom line is that when you have an important investment decision to make you should always take advice from appropriately qualified p...
UK mortgage holders charged excess £1800 year
A Daily Mail investigation has today claimed that the average UK mortgage holder is now paying an excess of up to £1800 a year due to the fact that UK banks have failed to pass on recent base rate reductions. The investigation details the fact that in July 2008 the average mortgage rate was only 0.5% above the cost of borrowing on the money markets although today there appears to be an extra 2.61...Read More
Post-Christmas debt blog
08/01/2014 The average family is going to take on debts this Christmas that will take until June to pay off and the Trades Union Congress has carried out research that shows that the typical UK family will have added £685 to its borrowing this festive season, in comparison with the Christmas before where one in six families borrowed money to pay for food, drinks and presents, with households b...Read More
Stagecoach raises £400 million in bond issue
Transport operator Stagecoach has confirmed that a £400 million bond issue offering a coupon of 5.75% was oversubscribed this week. This is the company's first entry into the bond market for over a decade and the fact that the issue was 3 1/2 times oversubscribed is something worth noting. The fundraising was arranged by Barclays Capital, HSBC and Lloyds TSB Corporate Markets and is a seven-year...Read More
UK government rejects calls for council tax band adjustments
Eric Pickles, the local government secretary, has confirmed that the UK government has no plans to change council tax bands in the UK which where last set in 1991 and reviewed in 1993. If a reassessment of the council tax bands was to take place it is almost inevitable that a significant number of families would see themselves pushed into the higher tax band thereby taking more money away from the...Read More