Monthly Archives: June 2014

Rogue Insurance claims firms to face fines. #legal

Rogue Insurance claims companies that provide bad service and bombard people with nuisance calls face fines totalling hundreds of thousands of pounds under new plans. Those who use information gathered by unlawful unsolicited calls and texts, waste people's time and money by making spurious claims or use misleading marketing could be fined up to 20% of annual turnover, justice minister Lord Faulks said. Fines will be based on the turnover of the company and the nature of the offences, meaning they could potentially stretch to millions of pounds in some cases. Lord Faulks said: "No longer should claims companies be able to plague hardworking people and waste everyone's time. "The scale of these fines shows just how serious we are about stopping them. "This is also good news for...
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Sold out for second auction

There’s a whole range of affordable Limerick, Cork, and Kerry homes coming up for sale in two weeks time, via the I Am Sold/Munster Property Auction method. The sales method, given a first Munster outing in May, resulted in 16 of 20 lots selling at, or prior to, auction, with a number exceeding their quoted reserve prices. About 150 attended the May auction, and one property alone had 20 registered bidders — so interest is high in this second outing in the Rochestown Park Hotel. Lots include the three-bed, c1,000 sq ft mid-terraced house at 11 St Philomena’s Rd, Gurranabraher, Cork City, seeking bids at or over €62,000 via Property Partners’ Matt Fallon, who says it needs upgrading. The same agent also has an end-terrace two-bed house...
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Woman killed in accident when her car hurtled 30ft into the air

A woman was killed in a terrifying freak accident after her car hit a roundabout and then careered across the roof of a multi-storey car park before landing on the ground below. Shocked eye-witnesses said the vehicle struck the roundabout at high speed, hurtling it 30ft onto the top floor of the car park where it hit two cars before crashing over the back wall and landing on the ground 10ft below. Emergency services were called to the scene of the horrific car accident at 9.15am today, on the edge of the Port of Dover in Kent, but were unable to save her. Full Story about how Woman killed when her car hurtled 30ft into the air via Woman killed when her car hit...
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Eight in 10 homes out of reach of families in UK

Fewer than two in every 10 homes for sale in England are affordable for working families on average wages. And in some areas, would-be buyers are priced out completely, even if they can raise a sizeable deposit, according to figures from Shelter that underline the extent of the housing crisis. Rocketing house prices in some regions, combined with stagnant wage growth, have combined to push homes out of the reach of buyers, so much so that in more than half the country fewer than one in 10 of the suitable homes on the market was affordable to families who could put a typical 18% deposit towards their purchase. "When a family looking to buy their first home searches a whole town for a place to live...
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Enormous Georgian mansion could be yours for just £1

Offers are being taken for Old Whitehall House for over just £1 It may look like a bit of a wreck - but this listed Georgian mansion could be yours for just £1. Old Whitehall House is located in a stunning rural setting near the border town of Berwick in Northumberland. And its owners have put it for sale with offers over just £1 invited. However, as you might expect, there is a slight catch. The buyer must have £1.2m available to refurbish the property, which as these pictures show, is going to be quite some job. The derelict mansion is on the Buildings at Risk register, the Newcastle Chronicle reported. And with your £1.2m, you’ll be expected to get it off that register. The website of estate agent Right Move,...
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‘Crash for cash’ accident scams soar by 51%

The number of "crash for cash" car insurance scams uncovered by a major insurer surged by 51% annually last year. Aviva said it had detected around 820 staged accidents in 2013, leading to some 2,200 fraudulent personal injury claims. It is pressing for tougher penalties and said that often, rather than being locked up, fraudsters end up being sentenced to community orders, which "do little" to deter them from re-offending. Aviva, which insures around one in 10 cars in the UK, said that organised gangs are behind half of all the fake motor injury claims it uncovers. It suggested that growing industry-wide efforts to weed out bogus whiplash claims which drive up the cost of insurance could be prompting criminals who may have previously completely fabricated a "ghost"...
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Hot-air balloon accident could have been avoided

Kevin Beurle was a senior programmer in astronomy at Queen Mary University, London, where he worked on the Cassini satellite project studying Saturn. Dr Beurle died on May 29, 2009 when the hot-air balloon he was travelling in over the mountains of eastern Turkey “rapidly lost altitude” from a height of 150m after colliding with another balloon. The accident happened at around 6.15am, minutes after take-off, the inquest in Swansea heard. The 53-year-old scientist who grew up in West Cross, Swansea, had been on an excursion to the Cappadocia area with his partner Juliet Boas at the time. Ms Boas suffered fractures and nerve damage to her legs and spine in the accident. She told the hearing: “Everything happened enormously suddenly. “We went from having...
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Mortgage approvals down to lowest level in six months

Mortgage approvals fell harder than expected for the second consecutive month in March suggesting the introduction of stricter lending rules could be hampering the market. Data from the Bank of England shows mortgage approvals for house purchases numbered 67,135 last month, the lowest since September 2013 and down from 69,592 in February. Mortgage approvals hit 76,251 in January, a level not seen since before the financial crisis. Today's figures mean a 12 per cent lending slump in just two months.

But despite the slip in March, numbers are still far higher than seen in recent years. The lending statistics show in July 2012, nearly 20,000 fewer mortgages were...

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Million-Dollar Home Sales Thrive as Low End Stumbles

Million-dollar homes in the U.S. are selling at double their historical average while middle-class property demand stumbles, showing that the housing recovery is mirroring America’s wealth divide. Purchases costing $1 million or more rose 7.8 percent in March from a year earlier, according to data released last week by the National Association of Realtors. Transactions for $250,000 or less, which represent almost two-thirds of the market, plunged 12 percent in the period as house hunters found few available homes in that price range. Luxury-home sales are climbing as an improving economy and stocks that have almost tripled from 2009 lows bolster confidence among affluent buyers. At the same time, slow wage growth, tight credit standards and escalating prices are putting homeownership out of reach for many...
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Beware: ‘Crash for cash’ car insurance scams doubled in 2013

"Crash for cash" car insurance scams rose by 51% last year, according to one of the UK's biggest motor insurers. Aviva, which insures one in 10 of the cars in the UK, detected about 820 "induced accidents" in 2013. These faked accidents led to around 2,200 fraudulent claims for personal injury, according to Aviva. It is calling for harsher sentences for the fraudsters, complaining that the most common punishment is a community order. Typically, the accidents are caused deliberately by gangs who put in claims for whiplash compensation. Aviva says that the number of suspicious accidents is likely to be much higher than the hundreds its fraud team has discovered. The cost of the compensation is borne by honest motor insurance customers through...
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