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.
Broadband switchers have 'so much to gain'
Consumers encountering difficulties in switching broadband provider have been urged to persist with the process despite widely reported delays. The trials experienced by switchers were highlighted in a study from price comparison site uSwitch, which examined how speedily providers supplied the special code required by consumers who wish to leave their existing broadband company. Regulations curren...Read More
Alistair Darling rules out US banking style levy
As we covered yesterday, Barrack Obama has revealed plans to introduce a new levy on the US banking system purely and simply to replenish taxpayer coffers which have been emptied because of the banking rescue package in the states. While there was speculation that the UK government would look towards a similar scheme in the UK, Alistair Darling has today suggested this is not an option and not up...Read More
Royal Bank of Scotland reassesses small business loans
Royal Bank of Scotland, the UK bank which is majority owned by the UK taxpayer, has confirmed that a number of unprofitable small-business loans and overdrafts have been transferred into a non-core subsidiary. Despite assurances that customers will see no difference in the level of interest rate or level of performance there are fears that those in difficulty may see their situations compounded in...Read More
Energy companies fined £36 million
28/11/2014 Power generation companies, Drax and InterGen, have both been fined £36 million after failing to meet energy saving targets for low income households. Drax, which is based in North Yorkshire, was hit with a £28 million fine, and InterGen an £11 million fine. The regulator, Ofgem, hit the companies with the penalties after they failed to meet targets to insulate homes under the...Read More
CEBR predicts UK property prices will rise by 4% this year
The Centre for Economics and Business Research (CEBR) recently released its view on the UK property market which would appear to be in direct conflict with a number of downbeat statements issued by other economic bodies last week. The CEBR believes that UK property prices will rise by around 4% this year and continue to increase until the end of 2014 due in essence to the short supply of propertie...Read More