View more on these topics

LloydsTSB warns of Halloween insurance claims

As millions prepare for tonight’s Halloween parties, Lloyds TSB Insurance is warning homeowners to brace themselves for a spate of trick or treating disasters.

The insurer says claims for malicious damage could triple following Halloween this year. After October 31 last year, insurance claims shot up by almost 150%.

Some of the quirkier claims made following last year’s Halloween celebrations included a window shattered by a trick or treater’s broomstick, a sofa ruined by candle wax, a garden shed wrecked by trick or treater’s dressed as witches, a carpet burnt by the flame in a pumpkin thrown into a hallway, and a carpet stained by blood, fake presumably.

Phil Loney, managing director of Lloyds TSB Insurance says: “With trick or treaters out in force at Halloween, a rise in claims for malicious damage to our homes might be expected. But the fact that claims triple might come as a surprise. It shows that while ghosts and ghouls may not be a threat, we should still do everything possible to protect our homes.”

“However, no amount of care can give a home complete protection and unfortunately tales of broomstick and pumpkin related incidents are to be expected at this time of year. That’s why it is so important to check that you have insurance to cover your home if the trick or treaters strike.”


Abbey cuts rates on flexible deals

Abbey last week cut the rates on its flexible mortgage range. The Flexible Plus deal for life is now available at 4.99% and Standard Flexible Plus is available at 5.25% with a low fee of 199. The lender says flexible mortgages have been gaining popularity because people want to tailor their mortgage payments to suit […]

Access financial data on the web

CACI is offering financial services institutions the chance to access intelligence on mortgages, savings and current accounts via the internet. The online service replicates the data available through CACI’s established market databases.

Moneynet warns borrowers of hidden expenses

Relying solely on advertised APR rates to choose the best deal on a loan could mislead borrowers into picking the most expensive product on the market rather than the cheapest, warns online financial data comparison site Brown, chief executive of Moneynet says: “Consumers are led to believe that the cheapest loan is the one […]

SMS and First National announce branded lending partnership

Branded mortgage arranger Solent Mortgage Services and specialist lender First National, part of GE Money Home Lending, have today announced a branded lending partnership, Harbour Homeloans. This partnership is the latest development in GE Money Home Lendings growing programme of branded lending associations. This announcement demonstrates the commitment GE Money Home Lending and SMS have […]


News and expert analysis straight to your inbox

Sign up