Birmingham worst hit city in UK by Storm Ciara

An insurance giant has seen a 285 per cent surge in calls and claims as it helps to repair the damage caused by Storm Ciara – with Birmingham one of the worst-hit cities.

Claims included property damage such as loose tiles and broken windows, as well as flooding.

Andrew Morrish, UK claims director for Aviva, said: “Storm Ciara is unusual in that it has affected a wide area and so far we’ve seen an increase of around 285 per cent in telephone calls and claims, compared to January.

See the source image

“Customers are able to contact us in a number of ways and around 10 per cent of people have made a claim using our online claims facility.

Mr Morrish said: “This means that around 12 per cent of customers have already received payments.”

The Association of British Insurers (ABI) has advised people facing damage or flooding to contact their insurer as soon as possible.

Many insurers have 24-hour emergency helplines and they may be able to arrange temporary emergency repairs to stop any damage getting worse.

The ABI advises keeping any receipts which may be used to support a claim and not rushing to throw away damaged items unless they are a danger to health, as they may be repaired or restored.

Comprehensive motor insurance covers the cost of repairing or replacing vehicles damaged by storms.

Source: Birmingham Live 

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Brexit: Things that will change or remain after 31 January

The UK formally leaves the European Union (EU) at 23:00 on Friday, 31 January. But it will immediately enter an 11-month transition period.

During the transition the UK will continue to obey EU rules and pay money to the EU. Most things will stay the same but there will be some changes:

Things that will change

  1.  UK MEPs lose their seats See the source image

  2. No more EU summits

  3. We will be hearing a lot about trade

  4. The UK’s passports will change colour British passports

  5. Brexit coins See the source image

  6. The UK’s Brexit department shuts down

  7. Germany won’t extradite its citizens to the UK

Things that will stay the same at least until 31 December 2020

  1. Travel People at an airport walking under a sign saying "arrivals from the European Union".

  2. Driving licences and pet passports See the source image

  3. European Health Insurance Card (EHIC) A hand holding a European Health Insurance Card

  4. Living and working in the EU See the source image

  5. Pensions

  6. Budget contributions

  7. Trade

Source: BBC News

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Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Brits to brace for disruption during Storm Atiyah

A yellow weather warning from the Met Office is in place for “very strong winds” which are expected tonight and into Monday morning which could cause disruption with coastal winds of more than 70 miles an hour.

It comes as Storm Atiyah is set to arrive in the UK with wind speeds of around 50mph predicted inland, with coastal areas being affected by gusts of up to 75mph.

There could be large waves offshore in Wales, the South West of England and potentially the North West as a result of the high winds.

See the source image

It’s likely to be gusty across the Pennines, but lower levels could also be affected, too.

Temperatures are likely to be in single figures.

The Met Office warns there could be some delays to road, rail, air and ferry transport, with train services and buses potentially affected, too.

Parents on the school run and commuters are warned to take care in the high winds on Monday morning.

Source: Manchester Evening News

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Dennis Bebo – MSC, BSC, DEA, CeMAP

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Brexit continue to slow down UK housing market

The number of homes being put up for sale fell to a three-year low in September as Brexit uncertainty continued to hit consumer confidence.

Inquiries from potential buyers also dropped during the month, while agreed sales fell too, with activity slipping in nearly all parts of the UK, according to the Royal Institution of Chartered Surveyors (RICS).

The subdued market left the level of properties estate agents had on their books close to record lows, while they also reported that appraisals were lower than a year earlier, suggesting little prospect of a pick-up in the immediate future.

Simon Rubinsohn, RICS chief economist, said: “There are good reasons for thinking the latest dip in both buyer enquiries and vendor instructions is a response to the endless wrangling about Brexit, as the October 31 deadline approaches.

“Unless there is a speedy resolution to the ongoing impasse it does seem inevitable that the standoff between purchasers and sellers will deepen making it harder to complete transactions.”

Source: Zoopla Property News

 

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Need help with property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

UK Greetings card chain Clintons in survival talks with Landlords

Greetings card chain Clintons is considering shop closures and rent cuts as part of a survival plan.

The retailer, which has about 2,500 staff, is in restructuring talks with landlords in another sign of the High Street crisis.

A spokeswoman told the BBC no decisions have yet been made.

Clintons was responding to reports on Sunday that it wanted to close 66 out of 332 shops, with landlords slashing rents on most of the other stores.

The restructuring would involve a controversial scheme known as a company voluntary arrangement (CVA), an insolvency process that allows companies to continue trading while pushing through closures and rent cuts.

A Clintons spokeswoman said “discussions are continuing with our landlords but no decisions have been made”.

But she declined to comment on a Sunday Telegraph report that the company told landlords 90 of its shops were loss-making and that sales were expected to continue to decline.

Source: BBC News

Property Purchase: What is Indemnity insurance and do I need it?

In a UK property purchase, Indemnity insurance is used during conveyancing transactions to cover some sort of legal defect with the property which can’t be resolved swiftly, or at all. For example if there is a relatively obscure legal problem such as a problem with the deeds with virtually no chance anyone is going to make it a problem in reality, but to sort it out means going to the other party involved and can make the process very expensive, very slow or impossible. It is a one-off payment for a policy that then lasts forever

In these sort or cases an indemnity insurance policy is ideal – should the unusual problem ever show its face then you are covered by the policy. If you’re offered such a policy, its important to bear in mind what it does or doesn’t cover. For example, a policy in respect of missing Building regulations will not cover the cost of doing the work properly, but only the cost of following through any action taken by the local authority – if they don’t take any action and they won’t after the works have been up for a year then you won’t be able to claim. Your legal adviser can advise on the policy for you.

 

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Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

UK Babycare retailer Mamas & Papas has gone into pre-pack administration

British maternity chain Mamas & Papas has reached out to administrators as part of an effort to stem losses in a ‘pre-pack’ deal with administrators Deloitte, resulting in six store closures in the UK and dozens of job losses.

The struggling retailer is the second babycare brand to call in administrators this week after rival Mothercare announced the closure of all 79 of its UK stores on Tuesday.

The ‘pre-pack’ deal between company owners Bluegem Capital, which acquired Mamas & Papas in 2014, and administrators Deloitte aims to cut store losses by selling off assets to other companies within the Mamas & Papas Group.

Six unprofitable stores in Aberdeen, Preston, Milton Keynes, Lincoln, Leamington Spa and Fareham have now closed with 73 members of staff losing their jobs.

A further 54 jobs are at risk as the store looks to “review and simplify” operations at its head office in Huddersfield.

The company says its 26 remaining stores will continue to trade as normal and online orders are unaffected by today’s announcement.

Riccardo Cincotta, Executive Chairman of Mamas & Papas, said: “These actions are always difficult but they are also necessary in a challenging market to ensure Mamas & Papas achieves its considerable future potential.

“We remain fully focused on maintaining our position as the UK’s most popular nursery brand.

Source: Manchester Evening News