Archive for August, 2009


Make sure you cash in on the latest Government fuel poverty scheme


Tuesday, August 4th, 2009

In a previous article we worried about the increase in the number of people in fuel poverty, but today it is apparent that government decision-makers have been reading our daily blog as they have announced a new £350 million scheme to aid those in fuel poverty, reports Times online.

The scheme is designed to give low-income households a complete ‘energy efficiency makeover’. The scheme, called the Community Energy Saving Programme (CESP), will start next month and targets 100 ‘fuel-poor’ regions and installs energy efficient measures to the residents there, street by street. Some 90,000 people could benefit from measures ranging from extra insulation to a completely new central heating system, which will save an average £330 a year on fuel bills.

Overall, 900 deprived areas can qualify for assistance, but it is down to community action groups to lobby their local authorities to ensure that the scheme can be adopted in the other 800 deprived areas that have not been chosen directly by the energy suppliers. To find out whether your area is eligible or not go to www.imd.communities.gov.uk and click on the map.

It is important that local communities get on board as the scheme requires at least 25% of the eligible households in the area to have signed up before any work is carried out. There are also worries that the suppliers won’t deliver the scheme properly but will instead aim to meet the government’s carbon reducing targets rather than budget targets when delivering CESP.

If despite the reduction in your fuel bills they are still just too expensive, then it might be time you spoke to us here at www.247Moneybox.com and get yourself a payday loan to cover expenses until your next pay cheque arrives. Our payday loan will allow you to get cash fast, and the application process is quick and easy, so sign up today!



NHF predicts house price upturn as soon as 2012


Monday, August 3rd, 2009

Good news for homeowners today, as predictions made by the National Housing Federation (NHF) suggest that we can see a boom in house prices as early as 2012 and will likely continue to 2014, reports Times online.

House prices during this period could rise by almost 20% due to the pressure put on the market by a shortage of properties. In the meantime, however, the NHF has predicted a fall in prices by up to 12.2% this year, 4.6% next year and then stabilising in 2011, with a 1.1% rise. The three-year boom will consist of a 7.5% rise in 2012, 8.4% in 2013 and 6.8% in 2014, with average prices rising by £38,000 from £189,900 to £227,800 at the end of the boom.

However the NHF has predicted that many of those trapped in negative equity won’t see their prices rise enough to outstrip their mortgage and will remain stuck in negative equity, in particular those who have been most effected by the 25% fall in prices from peak to trough.

Prices have been predicted to act in this fashion due to the high pressure from the shortage of properties; currently, only 60% of the required number of homes are built each year. Social housing waiting lists are growing due to a lack of lending to first-time buyers and low-income households, so these have not been able to take advantage of the recent fall in house prices.

Are you struggling to pay off your mortgage and find yourself trapped in negative equity? Well, why not consider taking out a payday loan from us here at www.247Moneybox.com and we will make sure that next payment is not late and therefore does not incur further charges which compound your problems. Fill out our quick 5-minute application form, and you could be one step closer to getting the cash loan you need.