- Warning. Beware of financial advisers promising unusually high investment returns.
- In Money Marketing this week the Financial Services Authority is warning advisers about the dangers of selling dodgy non regulated investment products. What about warning the public?
- Wed 28th Jul 2010
- Have you been miss-sold your mortgage and are now stuck in mortgage hell.
- I have been speaking to a number of mortgage gurus over the last few days and the prickly topic that keeps cropping up is mortgage miss-selling.
- Wed 14th Jul 2010
- Bank of England to hold interest rates until May 2011. Good news.
- The british chamber of commerce have stated that rates will be on hold for quite some time.
- Tue 6th Jul 2010
DIY homeowners 'need insurance'
Fri 7 Dec 2007 4pm
Property owners have been advised to take out accidental damage insurance before carrying out their own home renovations.The British Insurance Brokers Association said that this type of insurance, which is usually an optional extra on normal buildings and contents policies, will cover "most DIY disasters".
Steve Foulsham, technical services officer for the organisation, said that accidental damage cover is "the important thing" for DIY homeowners, although he also advised that electrical work and other skilled tasks should be left to professionals.
Giving an example of the need for accidental damage insurance, Mr Foulsham said: "If you're doing some work and you put a drill through your wall and maybe hit the water pipe or something and get a lot of water damage as a result, then you would need accidental damage cover on your building for that claim to be paid."
According to a recent survey by insurance firm Zurich, one in five homeowners who admitted to cutting corners on their DIY work ended up paying a professional to fix their mistakes.
