‘Homeowners’ News
No Mortgage Savings for Homeowners
Posted 2008-01-2
According to financial management website fool.co.uk, cuts to the base rate will not necessarily be passed down to borrowers. The monetary policy committee (MPC) chose to cut base rates in December, but decided to hold it steady...
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UK faces £350 million in do-it-yourself debacles
Posted 2007-12-18
Failed do-it-yourself home repairs in the UK have now reached an estimated £350 million repair bill. In addition to the risk of damaging personal affects, there is also a high risk of voiding home insurance policies when work is not...
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Government falls short for homeowners facing insurmountable debt
Posted 2007-11-27
A spokesperson for the Council of Mortgage Lenders, (CML) asserted, “The safety net for homeowners is still too patchy and piecemeal to be effective… While the idea of a compulsory insurance scheme might seem superficially attractive, it would not...
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Simple home security may reduce insurance rates
Posted 2007-11-25
According to Alliance & Leicester, the average cost to homeowners seeking to secure their property against intruders is now at approximately £8,500. Data from the financial services provider show that 68% of Britons would be willing to spend top...
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Professionals reduce DIYers expense and liability
Posted 2007-11-14
Home improvement do-it-yourselfers (DIYers), are strongly encouraged to take a good measurement of what they are – and are not – qualified to tackle. Although home improvements via upgrades and repairs are a good way to reinvest in real property,...
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Kids at half-term cause homeowners £106 million
Posted 2007-11-3
Sainsbury’s Bank has asserted that the combined cost of repairing home damages caused over the half-term school holiday could reach £106 million. Structural parts of homes such as walls, floors, carpets and windows, are the most likely to be...
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Renters face higher inflation than homeowners
Posted 2007-10-29
Information released by the Alliance Trust has shown that increasing rent costs tend to strain people’s financial standing. Whether young or old, in real terms of over-all inflation and cost of living increases, homeowners face less financial damage. Unfortunately,...
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Brits loose £1 in £3 spent on heating inefficiency
Posted 2007-10-13
According to the latest findings by British Gas, utility bills could be lessened by as much as a third by applying energy efficient home improvements, especially to aging structures. Managing Director, Phil Bentley offered, “For every £3 we spend heating...
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Elderly Brits upbeat over property prices
Posted 2007-10-10
A financial services provider has conducted a survey of over-50s Saga and reports the majority of Brits in the age group are feeling positive over current property prices. Homeownership is cited as the leading cause of the trend, with...