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Holiday homes ease financial stress, says NatWest

A third of people who own a property abroad feel that their holiday home eases financial stresses throughout the year, reveals NatWest.

In addition, a quarter of those asked feel it would reduce the sheer stress of arranging holidays.

Research from the lender found that a third of Brits have seen their holidays ruined on arrival by unacceptable accommodation, while one in five found inedible food to be the case of their holiday hell.

Over 10% said the behaviour of other hotel guests and hotel staff were the cause of their distress.

For British jetsetters, the prime cause for concern is the expense of
overseas holidays, with the cost of a family holiday to Spain averages almost 3,000.

Over half try to plan their trips to avoid the expensive peak seasons, while a third aim to steer clear of crowds.

Mike Freer, head of business development at NatWest International, says: Buying a holiday home really is a realistic and affordable option for many people and is increasingly becoming the norm for British adults.

While the upfront purchase cost is a huge financial commitment, the long-term benefits of holiday homes can be fantastic as they provide great investment potential, a wonderful lifestyle and a permanent escape from the hassle and expense of holiday arrangements.

“A holiday home can literally pay for itself.


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Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


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