Your Money

Your Money

House buyers paying average 12% premium to be near a good state secondary school

27 October 2013

Property

Parents looking to purchase a home close to one of the country’s top 30 performing state schools face paying £295,972 representing an average premium of 12% to other parts of the county, according to new research from Lloyds Bank. On average, this amounts to an extra £31,490. Nine of the 30 top state schools are in […]

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British Gas to hike prices by 9.2% on 23rd November with 7.8 million affected. Many will feel betrayed says uSwitch.

17 October 2013

Personal Finance

British Gas is raise prices by 9.2% from 23rd November with 7.8million customers affected. The average bill will rise to £1,471.14. Analysis from Moneysupermarket.com shows that prices have increased by £231 since November 2012. Tom Lyon, energy expert at uSwitch.com, says: “Today’s price hike will be seen by many as a broken promise after the supplier […]

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UK mortgage lending jumps 28%

11 October 2013

Economy Your Money

The re-invigorated UK housing market is continuing to gather momentum as the amount of mortgages taken out has jumped by 28% over the past year according to new figures writes Philip Scott. The latest numbers from trade body, the Council of Mortgage Lenders (CML) show that gross UK mortgage lending held steady in August, at […]

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Icesave payouts range from £2,083,944.62 to a penny says compensation scheme five years on

8 October 2013

Savings

The Financial Services Compensation Scheme (FSCS) has revealed it paid out just over £4.5bn in compensation to 228,516 customers due to the collapse of the Icesave account run by Icelandic bank Landsbanki. The average pay-out was £15,215.53 five years to the day the scheme collapsed. In a release about the issue, the FSCS gives the […]

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Rising house prices could set off wave of higher Inheritance Tax bills

23 September 2013

Property

With house prices once again on the rise experts are calling on homeowners to check their inheritance tax (IHT) liabilities as thousands have been already hit with a combined ‘death-duty’ bill of more than £3bn in the past year writes Philip Scott. According to the latest figures from the Office of National Statistics, house prices […]

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Rate of UK estate agents going bust soars

28 August 2013

Economy News Property

The housing market’s renewed vigour looks to have come too late for many UK estate agents as the amount of firms going bust has soared in the past year, writes Philip Scott. The amount of estate agent entering insolvency shot up by 57 per cent in the 12 months to the end of June, rising […]

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