POUND NOTES
HOUSEHOLDS WARNED OVER PENALTY FOR SPORTS-RELATED DAMAGE IN GARDEN
NEARLY a third (32%) of people admit they’ve caused damage to their home by playing sports in the garden, according to research to mark the World Cup from a home insurer. Playing football, swingball, badminton and tennis were found by Policy Expert to be the top causes for damage.
Adam Powell, operations director at Policy Expert, says: “Thanks to the World Cup kick-off, football mania is taking over. But while many will be honing their free kicks, not every shot will make it to the back of the net.
“To avoid a red card, make sure your home insurance policy includes accidental damage cover, as it will protect you financially should an accident happen.”
BUILDING SOCIETY EXTENDING MORTGAGE OFFERS
LEEDS Building Society says it will consider extending mortgage offers on all new lending by up to six months. This is expected to particularly benefit buyers of new build homes, where completions can sometimes be delayed due to hold-ups in construction.
The change could help buyers temporarily stuck in a property chain. The Society says the change has been made in response to borrower and broker feedback and will save the time, effort and expense of submitting a new application.
JUMP IN INSURANCE CLAIMS FOR BROKEN TVS COULD COINCIDE WITH WORLD CUP
WORLD Cup fever could coincide with a spike in insurance claims for broken TVS, figures suggest.
Co-op Insurance said its data shows claims relating to entertainment system and electrical item damage during the 2014 World Cup jumped by 15% during the tournament, compared with the months immediately before and after it.
Reasons for claiming included dropping TVS while trying to move them around the room, and unsuccessful attempts to attach TVS to a wall bracket.
Only 16% of UK adults rate themselves as highly knowledgeable about financial matters, ranging from 10% in Northern Ireland to 18% in Scotland, the Financial Conduct Authority (FCA)’S large-scale financial lives survey has found.
FINANCIAL FACT: