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.
First time buyers reach 5 year peak
The number of people buying their first home is at the highest level for five years, according to data from the Council of Mortgage Lenders (CML). In total there was a rise of 17pc in the number of mortgages approved for first time buyers in February 2013 when compared to February 2012, contributing to the best start to a year since 2008. However there was a drop of 3.2pc in those taking out...Read More
The gender pay gap set to be exposed
In a move which could cost the business arena millions of pounds in additional payments, not to mention potential compensation claims, Harriet Harman is set to announce the government's Equality Bill on Monday. While the popular press have presented this as a men and women pay gap debate it is very much more than this and will take into account age, social background and an array of other elements...Read More
UK house prices expected to rise in short-term
The Royal Institution of Chartered Surveyors (RICS) has today issued a report which suggests that while property prices are still falling across UK, the rate of decline has reduced markedly. There is a belief that UK property prices will actually start to rise in the short-term although part of this may be due to a lack of housing stock for sale in the UK.
The report shows that only...
British Airways announced 92% fall in profits
Further turbulence in the UK airline market is expected with news that first profits at British Airways fell by 92% with the company reporting very difficult trading conditions. Pre-tax profits for the first six months to September 30 fell to £52 million although there is also concern about the full-year impact. Record fuel prices and a constant reduction in travel numbers seems to have done the...Read More
Warm Home Discount Scheme is extended
03/10/2014 The government have announced the expansion of a discount scheme which will allow an extra 200,000 pensioners to get help with their energy bills this winter. The Warm Home Discount Scheme is a one off discount of £140 off energy bills, paid for by the energy companies. It is now being extended to include everyone who receives Pension Credit Guarantee for winter 2014/2015. This...Read More