Summertime garden theft blues cost £400
Opportunistic garden thieves stole an average of £400 of garden furniture from properties in the UK last year.With the sunny days of British summertime almost upon us, homeowners are being warned to protect their homes this year to prevent green-fingered thieved from spoiling their summer.According to Halifax, insurance claims for garden theft tripled between March and August last year, with items including tools, barbecues, bicycles and patio furniture high on the thieves' wish-list."Homeowners can forget to pay as much attention to security outside the house as they do inside," Halifax Home Insurance's senior manager of underwriting, Vicky Emmott said."With many people realising how much value they can add to their property by improving their gardens, there are now rich pickings for thieves, and now is the time to take steps to avoid becoming the next victim," she added.Stoke-on-Trent, Doncaster and Southampton were listed as the top three worst hit areas in the UK, with Wakefield, Nottingham and Newcastle not far behind.
Bridging loans have their place, says CML
Bridging loans may have suffered from some bad press over the years, but they have their place, according to the Council of Mortgage Lenders (CML).Subject to high entry and exit fees, as well as high rates of interest, bridging loans are designed as a last resort for situations where people may have found their ideal new home, but have not been able to sell their old one fast enough and need to ke...Read More
Export figures lead to weaker pound
Yesterday's trade figures have caused concern in currency markets with a rise from £6.3 billion to £7.5 billion between February and March. It is believed that imports increased far quicker than exports even though the weaker pound has been helping exports of late. So what does this mean in the short to medium term? The very fact that imports have increased at a far greater rate than exports...Read More
George Osborne denies pact with Bank of England
George Osborne, the Chancellor of Exchequer, has today rubbished claims that the UK government has made some form of informal pact with the Bank of England with regards to the level of UK base rates. This comes only 24 hours after Mervyn King, the governor of the Bank of England, suggested that UK base rates could remain at 0.5% for some time to come. So is there some kind of informal agreement?...Read More
Stamp duty revenue rises by 40 per cent
Homebuyers paid out a record-breaking £6.4 billion in stamp duty in 2006/07 - a rise of 40 per cent, or £1.6 billion, on the previous year.According to figures from Halifax, in the last five years the annual revenue from residential stamp duty has more than doubled and £5.1 billion of this year's total came from tax on homes worth more than £250,000 - more than three times the £1.6 billion pa...Read More
NS&I withdraws popular savings product, again!
A popular savings product provided by National Savings and Investments (NS&I) has today been withdrawn from the market amid rumours that the UK government is addressing a potential conflict of interest. This is not the first time that a savings product, head and shoulders above anything else on the market, has been withdrawn at short notice despite being marketed and launched in a triumphant fanfa...Read More