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Free electricity on Saturdays, but there’s a catch


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21 Aug 2013

British Gas is planning to offer its customers ‘free electricity’ on Saturdays.

But the catch is – their weekly charges might increase.

The recent announcement came as the company refused to rule out further price increases, despite their profits going up 3% to £256million.

The scheme would be aimed at those with ‘smart meters’ who are committed to concentrating their energy use at weekends, when demand is low....

Rise in number of low deposit mortgages offered


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19 Aug 2013

There are currently 443 mortgage products available for those with a 5% or 10% deposit, according to Moneyfact’s figures - a 38% increase compared to a year ago.

The average deposit required for first time buyers across the board is also down from 20% to 17% according to a recent report from the Council of Mortgage Lenders (CML). ...

20% rise in first-time buyers as banks show faith


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16 Aug 2013

The number of first-time buyers has soared to the highest level in six years, according to a new report.

The report by Halifax found that there were 120,000 first-time buyer house purchases completed in the first six months of this year, a 20% year-on-year increase.

Improvements in the housing market, combined with government initiatives such as Help to Buy have made it easier for buyers in their 20’s and 30s to get on the property ladder....

Property crime drops by half since mid-90s


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15 Jul 2013

Property crime has fallen by half since the mid-1990s, new data shows, as thieves increasingly move towards targeting expensive portable items.

Vandalism, car-related theft and burglary dropped substantially, according to the Office for National Statistics (ONS), while lower-volume personal thefts continued to rise.

ONS says that the changing trends are mostly down to a growing preference for targeting high-end portable items such as MP3 players, smartphones and tablets, which are more difficult to protect against theft....

Help to Buy lifting house sales


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8 Jul 2013

One of Britain’s largest house-builders Persimmon, has revealed how the Help to Buy scheme has helped  lift property reservation rates by a third in the first half of the year.

Persimmon revealed that 1,124 private homes have been purchased since Help to Buy launched in March, marking a 30% increase on the last quarter of 2012. ...