Browsing "Home and Living"

Energy Companies must reveal best deals

Apr 11, 2012   //   by Kyle Needham   //   Home and Living  //  1 Comment

Energy suppliers to inform customers of best dealsEnergy companies will be required to inform customers of their best tariff available which could save up to £100 per year for each household.

All energy suppliers will be required to inform people of the best deals available to them and then offer it to them should they request it.

Deputy Prime Minister Nick Clegg suggested that as much as seven in ten people fail to get the correct deal and end up paying more than they need to.

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Cutting down on your bills can really save you money

Mar 28, 2012   //   by Kyle Needham   //   Home and Living, Money Saving Tips  //  Comments Off on Cutting down on your bills can really save you money

The easy way to slash your bills

There may not be anything you can do about the constantly rising electricity prices, but there are little changes that you could be making around your house right now to save money on your energy. If you’re feeling stifled by an ever-increasing energy bill, take these shortcuts to a more efficient home and a more reasonable energy budget.

1. Call your energy company. With nearly nine million UK citizens experiencing ‘fuel poverty’, hearing from customers who can’t make a payment in full is not a new occurrence for energy companies. The first thing you should do if you can’t meet your energy bill all the way is get on the phone and get in contact with someone from your energy supplier. You may be able to sort out a payment schedule that permits you to catch up with what you owe over time.

2. Switch providers. If all else fails, try working with a new energy company that can offer you lower prices and better service. With the backlash against major energy suppliers, many smaller energy companies have cropped up to provide service with a different philosophy in mind–and it’s one that better suits the customer. To compare energy prices and find out what new suppliers are servicing your area, all you have to do is go online.

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The Cost of Renting Is Coming Down

Jan 24, 2012   //   by Daniel Morris   //   Home and Living  //  1 Comment

The average rent fell by 0.8 per cent in the December

A recent survey has suggested that, in December, the price of renting a home – rather than buying a house with a mortgage – in England and Wales had fallen for the second month in a row.

According to this study – carried out by LSL Property Services – the average rent fell by 0.8 per cent in the December compared to November, to £711 a month.

Rent has been recorded as falling in all regions across England and Wales – except for Yorkshire and the Humber, the West Midlands and the East Midlands – with varying levels of decrease depending on the area in question.

The monthly falls seen in November and December are the first falls in 10 months, with rises occurring in each month prior to this.

The LSL has also stated that the seasonal decrease that has been seen is shallower than the previous year.

“The rental market was sheltered from the full impact of the seasonal lull by the strength of underlying tenant demand as many prospective renters took the opportunity to move in the run-up to Christmas at a time when the market is traditionally less competitive,” commented Mr David Newnes director of LSL. Read More »

Mortgages more affordable now than ever in the last eight years

Dec 12, 2011   //   by Daniel Morris   //   Home and Living  //  Comments Off on Mortgages more affordable now than ever in the last eight years

Continued low interest rates have helped make mortgage repayments their most affordable for nearly eight years. This information has come from figures released by the Council of Mortgage Lenders. The cloud to this silver lining is that, whilst this is good news for home owners and first time buyers alike, the latter will need a deposit of about 20% on average!

On the flip side, mortgage repayments keep falling, and typically only consume 12% of income – this is the lowest level since January 2004. This also helped those looking to move up the property ladder with home movers paying on average of 9.2% of their income each month – this figure is the lowest monthly level since the CML started its records in 2002.

What this means is that there could well be an increase in activity from first time buyers in the early months of 2012. This seems like it could be even more likely when you consider that the government’s stamp duty concession is coming to an end in March next year. Read More »

House Prices Take A Slight Dip In August

Sep 12, 2011   //   by Daniel Morris   //   Home and Living  //  1 Comment

Data published last week show that the average cost of a home fell during August.

New research has shown that those who are searching for competitive home loans saw the average cost of residential properties in the UK fall slightly last month.

According to the latest Halifax House Price Index published last week (September 7th), prospective mortgage holders will now have to pay an average of £161,743 to purchase a home.

This shows us that there has been a 1.2 per cent decline when we compare August to July, as well as there being a 2.6 per cent drop against the corresponding period last year.

Nevertheless, those eager to sell their home in the near future may be uplifted to know that this figure is even more positive in terms of the housing market’s short-term outlook, as the quarterly change in prices has gone up one per cent.

This comes after Ben Wilkie, editor of What Mortgage, insisted that tracker mortgages attached to the base rate – which has been maintained at 0.5 per cent for the last 29 months in a row – may not be the most cost-effective option at present, despite the prospect of low interest rates.
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1 in 7 Homes in Negative Equity

Aug 9, 2011   //   by sam   //   Home and Living  //  Comments Off on 1 in 7 Homes in Negative Equity

House IvyFigures reveal that one in seven homes are now in negative equity. Recent research shows that a total of 827,000 homes were in negative equity during the first three months of this year. This has led some researchers to say that seven per cent of mortgaged households would actually owe money if the property is sold at current prices.

The negative-equity level is only 73,000 lower than the figure was in April 2009 – immediately after home prices has some of their steepest falls.

The biggest negative-equity losers are the homeowners who bought in 2007, the year that house prices peaked at an average of nearly £200,000. Nearly a third of these homeowners are now in negative equity.

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