‘Homeowners’ News
Uninsured homeowners need not suffer financial loss
Posted 2007-12-13
Lloyds TSB, a financial services provider, noted that when England won the Rugby World Cup tournament in 2003, a rush of related home insurance claims were received. One of the oddest claims received by Lloyds TSB was from a...
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Homeowner sector ‘less affected by financial turbulence’
Posted 2007-12-9
According to the Bank of England, British homeowners are not as likely to be affected by the onslaught of the recent credit crunch as those without securable equities. In a meeting held by the Monetary Policy Committee (MPC), they conjectured that banks are more likely to provide secured home loans than unsecured forms of lending. And although the Credit Conditions Survey taken by the Bank identified an intention to raise the cost of lending to individuals, the committee members observed that “conditions facing the household sector appeared, for the moment at least, to be less affected by the financial turbulence”. As a result, the New Year could bring an increasingly attractive proposition to homeowners during this transitional phase in lending. MPC member, Professor David Blanchflower voted to reduce rates in October - the first time in three months that anyone on the committee had rejected Bank Governor, Mervyn King’s proposal to maintain the base rate. ...
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Garage conversions good option for some homeowners
Posted 2007-11-18
When garage space is seldom used for storing vehicles, the best option for the space is often a conversion into usable space. Technical Director of the Home Builders Federation, Dave Mitchell, suggested that the rewards of such conversions could be...
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Home Builders Federation advises conversions for multiple improvements
Posted 2007-11-1
According to Dave Mitchell, Technical Director for the Home Builders Federation, Britons should consider home conversions to benefit themselves in a multitude of ways and create new, exciting opportunities for themselves as homeowners. Garage and spare room conversions can double...
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Council of Mortgage Lenders advises homeowner support
Posted 2007-10-28
The Council of Mortgage Lenders (CML) has stated that a more committed level of financial assistance should be awarded to homeowners. Warnings from the industry body forecast that increasing the number of Britons who own their property could prove to...
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Energy-saving home improvements saves money – adds value
Posted 2007-10-24
Legal & General advises homeowners to invest in energy-saving home improvements to add value to their Real Estate and save money over-all. The energy performance certificate (EPC) - a mandatory inclusion of home information packages – should be carefully reviewed...
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