The 10 places where home insurance premiums have dropped most
All 121 postal regions in the UK recorded a drop in home insurance premiums between 2011 and 2012, the first time since Spring 2010 when the analysis began. Kingston upon Thames recorded the steepest drop in average premiums, down by 14% or £26. Other areas which saw big reductions include Halifax and Harrogate.
Regions that experienced biggest decrease in premiums Winter 2011-12
|Decrease Winter 2011-12
|Kingston upon Thames||£164.22||-13.8%||-£26.37|
Hannah Jones, home insurance expert at MoneySupermarket, said: “Competition among providers is continuing to drive down the cost of home insurance policies and it’s important that consumers take advantage of this. Those who become complacent by sticking with existing policies will miss out if they don’t take advantage of shopping around.
The figures also show that the cheapest postal region in the UK for home insurance is Norwich with an average premium of £113.22, closely followed by Hereford at £114.48. The most expensive postal region for home insurance in the UK is Harrow, where homeowners pay £211.91 on average.
The house where Edward VIII and Wallis Simpson (probably) met up
The six bedroom detached house in Primrose Hill (pictured above) is where the Prince of Wales, who became Edward VIII reputedly used to meet Wallis Simpson. Built in 1903 (on the site of the old Eton and Middlesex cricket ground), it covers 6559 sq ft, has its own private garden as well as a share in the lovely communal gardens on Elsworthy Road, and is now on the market (POA) with Behr and Buthchoff.
English rental regulation risk
The Association of Residential Letting Agents (ARLA) is warning that tenants in England could soon be less well protected than their Scottish and Welsh counterparts due to lagging rental regulation. The Scottish Government will announce a review of its strategy for the private rental sector (PRS) on May 30, while the Welsh Government is due to introduce a Housing Bill before the end of this Assembly term, legislating for a compulsory licensing scheme for all letting agents in Wales, as well as a code of practice.
Ian Potter, Managing Director, ARLA, said: “The PRS remains an unregulated industry, and in the event of something going wrong consumers still only have limited options. As more and more people rent, rather than own their home, it is vital that legislation in England is at least in line with its neighbours. What we really need is actual policy not proposals and it must be policy that is consistent and able to keep step with legislative developments elsewhere in Britain.”
Nationwide Building Society is increasing the amount borrowers can overpay on their mortgage. The Society is introducing products that allow borrowers to overpay up to 10 per cent of their mortgage every year without incurring an early repayment charge. Previously, customers were able to overpay a maximum of £500 a month, irrespective of their loan size. Mortgages reserved from May 29 will carry the 10 per cent a year overpayment feature. Existing products are unaffected.
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