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.
Bank hints that interest rates could rise
13/06/2014 The governor of the Bank of England, Mark Carney, has suggested that interest rates could increase sooner than originally anticipated. Speaking at the annual Mansion House Dinner he said the increase “could happen sooner than markets currently expect”. However, he stated that the original increase will be less important as he expects the eventual increases in interest rates...Read More
Rent arrears fall as market improves
The National Landlords Association has this week issued a statement regarding rent arrears in the UK rental market. While there is still a significant number of tenants owing rent arrears, with a figure of around 20% quoted by the association for the second quarter of 2010, this is well down on the 24.5% during the first quarter of 2010. So is this a turning point for the UK property market? Wh...Read More
UK insurer bonus rates slashed
Friends Provident has today announced a 20% reduction in with-profits payments as the insurance sector continues to feel the pain of the economic downturn around the world. While this move is no surprise and reflects the general conditions of the market it could severely handicap many who depend upon their insurance investments for their long-term financial well-being.
As an example...
Those with personal pension schemes must not put their 'heads in the sand'
With increasing numbers of people opting for a personal pension scheme instead of an occupational scheme, "a head in the sand mentality" is pervading in people's attitudes towards saving for the future, Richard Sheppard, the head of pensions at AWD Chase de Vere has warned. A survey by conducted by Aon Consulting this week naming the UK's state pension system as the worst in the European Union for...Read More
West Ham United on verge of being taken-over
It has been revealed that London based financial company Intermarket is on the verge of making a takeover offer for West Ham United, the UK premiership football team. The football club has been in financial difficulties for some time and a number of potential suitors have stepped forward and stepped back. However it is believed an offer valuing the club at around £100 million will be announced in...Read More