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Flood hit North Yorkshire to get Government help

North Yorkshire, Ryedale and Hambleton Councils are to be given help with meeting the costs of clearing up following severe storm and flood damage in the council areas on June19 2005.

The pledge was announced today by Jim Fitzpatrick, the parliamentary under secretary of state, in a written statement to Parliament.

Mr. Fitzpatrick says: “Large areas of North Yorkshire experienced exceptional storm and flood damage on June 19 2005. Given these circumstances I am satisfied that financial assistance under the Bellwin scheme is justified. A scheme will therefore be established under section 155 of the Local Government and Housing Act 1989. Grants will be paid to the authorities to cover 85 per cent of the eligible costs above a threshold, which they have incurred in dealing with the storm and flood damage.”


Mortgage Intelligence secures buy-to-let exclusive

Mortgage Intelligence has secured a buy-to-let exclusive with 4.5% fixed rate for three years and no arrangement fee.At the end of three years, the rate reverts to the Bank of England base rate plus 1.5% for a further two years. At the end of the fix there is a two year redemption with a discount, […]

Halifax accused of cross-selling insurance

Halifax has been accused of using cold calling and dirty tactics to cross-sell buildings and contents insurance. Anne Robson, consultant at Mortgage Experts, is submitting a complaint to Halifax after what she describes as a blatant attempt by the bank not just to cross-sell but also to illegally misrepresent the advice she offered. Robson says: […]

Increased activity in housing market fails to increase consumer confidence

Confidence in the housing market has fallen for the first time in eight months, despite recent increased activity in the housing market. Confidence was static for four months, but has fallen by one% in September with 48% of homeowners expecting their property to rise in value over the next 12 months, compared to 63% this […]

UKs high net worth growing

A report from independent market analyst Datamonitor reveals that the UK high net worth population grew by 12% in 2004, taking the number of wealthy individuals with more than 200,000 in liquid assets to over 916,000 and this number will continue to rise over the next few years. Many private banking providers are reviewing their […]

UK: mid-year review and outlook

By Mark Martin, manager of the Neptune UK Mid Cap Fund, and Scott MacLennan, manager of the Neptune UK Opportunities Fund H1 2014• Equity markets continued to show strength: despite a strong rally in 2013 driven by a market-wide re-rating, equity markets continued to generate positive returns for investors. Economic activity continued to be stimulated […]


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