News in March 2010

March 2010

 Insurance against dog bites (14th March 2010) - at the present moment, most UK  home insurance policies already provide public liability insurance cover  for dogs unless they are designated as dangerous under the Dangerous Dogs Act 1991.

Prudential Plans to Buy AIG (8th March 2010) - The Prudential Assurance company caused disbelief when it recently announced place to purchase AIGs Asian division,  thus heralding the biggest rights issue in UK history.  Eyebrows were raised as the financial problems of AIG are well documented.

Buy to Let Mortgage Worries  (8th March 2010) - The buy to let market which was all but killed by the credit crunch is beginning to shows signs of life. Although it is still difficult to obtain a mortgage, mortgage lenders are beginning to dip their toes back in the water and there are signs that the 25% minimum deposit to obtain funding is gradually being reduced back to 15%.

Landlord Urged to Check Letting Agreements (4th March 2010) - as a result of this action, thousands of landlords are in for a refund after the Office of Fair Trading (OFT) confirmed that it was writing to a number of letting agents warning of unfair contract terms. It is thought that Foxtons are not alone it using this style of contract, in fact it is probable that many of the country's 15000 letting agents do the same) and given that the United Kingdom has some 1 million buy to let landlords, there could be substantial claims for compensation...

 House Prices down again (4th March 2010) - Since the start of the year, many people have been pointing to a recovery in the housing market, green shoots of recovery etc and generally talking up Britain's impending exit from recession.