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Check your storm cover, says Halifax

Halifax Bank says it is offering first-time buyers extra help to get on the property ladder with a range of special deals and assistance with the cost of moving.

Its rates for people trying to buy their first home start from 4.25 per cent and all its first-time-buyer mortgages are available with loans to value of up to 97 per cent.

Halifax also offers £250 cashback which it says can help with the cost of moving or a refund of the cost of its mortgage valuation report.

At the same time, Halifax&#39s general insurance arm is encouraging homeowners to ensure they have enough household cover as December is the worst month of the year for storm damage.

Its statistics show that storm claims generally account for 20 per cent of total claims during December or 17 per cent in January. Although it received £5m in claims related to severe weather in October, Halifax warns this could potentially be worse over the next two months.

General insurance managing director Howard Posner says: “We are all very busy preparing for Christmas, buying gifts and decorating our homes, and we are perhaps not as vigilant as usual. If something does go wrong, the last thing you need is problems with your insurance.”


Misys to outsource compliance to India

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Current meaning of UK domicile

Domicile is different from nationality (i.e. citizenship) and residence or ordinary residence and a person can have only one domicile at any one time under UK law. This would not prevent another country, e.g. Sweden, from deeming an individual to be domiciled in Sweden under Swedish law at the same time as being domiciled in […]

Focus on Sandler&#39s vision

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Men seek low rate but women prefer mortgage security

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Testing the Foundation

The global economy isn’t headed into recession, at least not yet. This month, David Lafferty, Chief Market Strategist at Natixis Global Asset Management, examines current capital market and portfolio risks for signs of recession. Click Here for Capital Market Notes


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