Latest News
Home Insurance Fraud Level Rises by 17% in 2011
The latest report by Axa, UK-based insurer, suggests that the level of house insurance fraud rose by 17% in 2011 alone.An estimated of 200,000 homeowners added over 600 pounds to their claim, which made Axa carry out a survey among its customers.The results of the survey were not surprising, yet very disappointing. Only 45% of 2000 Axa customers... Read more
London and Leeds Are Most Theft-Prone Areas in UK
On Friday, February 3rd MoneySupermarket websites revealed the results of its new research.The aim of the research was to identify the most risky areas in Great Britain in terms of burglary.Experts at MoneySupermarket found out that those living in Stoke Newington are most likely to contact insurance company with a burglary claim.Other regions... Read more
UK House Prices Fall by 3.2% in a Year
House prices in the United Kingdom continue to fall as the report by the Land Registry suggests.According to the report published by the Land Registry on Monday, November 28th, house prices in Great Britain fell by 3.2% compared to the same time last year. The month-on-month decrease constituted 0.9%.The average house in England and Wales was... Read more
New Landlord Insurance Launched by Legal & General
Several days ago it was reported that Legal & General has launched specialised household cover for landlords.Those who own more than one buy to let property can choose from a list of various cover options for a single premiums and even enjoy a discount. A 5% discount is available for landlords with 2 or more houses, while those who own 20 or... Read more
UK Home Insurance Premiums Increase by 6%
According to a recent release by Moneysupermarket, UK comparison website, the cost of house insurance has increased by 6% in the past 5 quarters.Now, the average cost of buildings and contents cover stands at £151, which is up from £142.Let us remind that car insurance premiums increased by as much as 31% in the same time period.... Read more
UK Landlords See Income Growth in Q1 2011
A recent survey carried out by Paragon, buy to let mortgage provider, showed that almost 30% of UK landlords reported increases in profit in the first quarter of 2011.As such, 10% of landlords said their rental income grew by 2%, another 10% claimed the rise amounted to 2-4%, while further 5% said they saw growth of 8% and more.The survey also... Read more
Buy to Let Landlords Should Research Location – ARLA
The latest report by Association of Residential Letting Agents (ARLA) suggests that UK buy to let landlords should carefully research local background before purchasing a property to rent in a particular area.According to ARLA experts, it is an essential measure to ensure that money is invested wisely. They highlight that "the rental market does... Read more
UK Landlords Prefer DIY Home Improvement Projects
A recent article by Build It magazine suggests that more and more UK landlords are looking for online bargains to improve their properties.Online stores and design websites provide landlords with a lot of cheap goods and great ideas on how to complete do-it-yourself projects.In the opinion of Anna-Marie DeSouza, editor of the magazine, which... Read more
Flood Victims Should Contact UK Home Insurance Firms – ABI
Landlords who own properties in Cornwall have been recommended to contact their home protection providers as soon as possible in case they have been affected by the recent flooding.Let us remind that earlier this month the city of Cornwall has seen water rising to 4 feet because of heavy rains and strong winds. The weather conditions negatively... Read more
Home and Landlords Insurance Should Be Reviewed by Holders – BIBA
According to experts at British Insurance Brokers' Association (BIBA), UK landlords and homeowners, who have home insurance policy, should be extra careful in the run up to Christmas.Mr. Graeme Trudgill of British Insurance Brokers' Association warned that "With Christmas coming up, unfortunately burglars are known to head for the Christmas tree... Read more