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.
Home purchase mortgages double in 12 months
The British Bankers Association (BBA) has today confirmed that 42,238 mortgages were approved in October against 42,073 the previous month. These mortgages are specifically house purchase mortgages, which do not include redemptions and repayments, and show a 98% increase compared to the same period last year. So what exactly does this mean? While there is no doubt that the UK mortgage market an...Read More
Has the UK economy really turned the corner?
There is much comment and speculation in the press this morning regarding the UK economy and the fact that yesterday's growth figures of 0.1% in the final quarter of 2009 were well below analysts expectations. As we have seen in the past, the Office for National Statistics has recently revised a number of economic data downwards at a later stage. If the same was to happen with the final quarter ec...Read More
Supreme Court to rule on prenuptial agreements
The UK Supreme Court will this week rule on the validity of prenuptial agreements and whether the parties involved should be bound by what can in many cases be fairly old agreements. The situation has come to a head because of a high-profile and highly expensive divorce hearing where an initial prenuptial agreement saw the gentleman in question receiving £1 million upon divorce although his ex-wi...Read More
100 per cent mortgages solution for first-time buyers
New buyers taking out mortgages have increasingly chosen to secure loans on the full value of their home in order to get onto the property ladder, new research has shown.Studies by the Mortgage Advice Bureau revealed that almost one in ten mortgagers now opt to borrow the entire value of their property or more.The number of first-time investors selecting a 100 per cent mortgage rose by 21 per cent...Read More
The Budget Statement 2014 – 10 key points
20/03/2014 On Wednesday Chancellor George Osborne announced his Budget Statement to the House of Commons, where he set out his plans to stimulate our recovering economy. Early signs suggest most are happy with the proposals set out by the Chancellor as several tax breaks were made for the lower earners, potentially making the cost of living cheaper for the next year. If you’re not sure...Read More