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.
Shelter warns of impending housing crisis
The housing charity Shelter has today warned that up to 5 million homeowners in the UK can ill afford the additional mortgage cost if UK base rates were to rise. This is a terrifying situation for the UK housing market and is one which the UK government is certain to take notice of. Even though the Bank of England has already suggested that base rates will remain at 0.5% for some time to come, the...Read More
How much do you need to retire?
A report by MGM Advantage claims that the average couple in the UK will require £600,000 to be able to enjoy 20 years of retirement. While there is a large variation in the cost between the South and the North of England, with London couples said to require £194,602 more than their northern counterparts, it will come as a shock to many in the UK. The report also suggests that the cost of livi...Read More
Household bills 'cost £15,000 a year'
British households spend an average £12,000 per year on mortgage payments and over £3,000 on other bills, Citizens Advice has claimed.According to the charity, families are paying £40 per day on the bills - putting an increasing strain on their budgets.Most energy firms have already announced 15 per cent price rises on general plans - and water regulator Ofwat also said last week that customers...Read More
Royal Bank of Scotland increases credit card charges
Despite promises from the UK government that banks, were UK taxpayers hold significant stakes, would improve their terms for credit in the short to medium term, this does not appear to be the case at Royal Bank of Scotland. It's been revealed that NatWest (part of the Royal Bank of Scotland group) and Royal Bank of Scotland have increased their credit card purchase rates from 16.9% to 19.9%. They...Read More
Manufacturing Jobs At Risk As Sector Turns Down
In what many are seeing as another nail in the coffin of the UK economy it has been revealed that manufacturing growth came to a halt after a steady three year recovery in the sector. While not wholly unexpected, the surprisingly sharp deterioration in trade was a shock to many as was the news that a whole host of manufacturing jobs are now at serious risk. It seems that the manufacturing indus...Read More