Without electricity we would struggle to complete a number of basic everyday tasks. Arguably one of the greatest inventions of the modern world, electricity is responsible for everything from our domestic entertainment to home cooking, heating and lighting. Both in residential properties and businesses, electricity is the main form of energy used on a regular basis.
The sound of a gas or electricity bill dropping through the letter box fills many people with dread. At time when many people are struggling to keep their finances in good health because of increased debts and stagnating wages, the last thing they need is to be hit with a hefty energy bill.
As we sink deeper into a seemingly never-ending recession, we are all (hopefully, and teeth clenched) taking charge of our financial affairs: cancelling unnecessary direct debits, forgoing our daily take out cafe lattes and so on.
In its ‘Ending Expensive Social Housing Tenancies’ report the Policy Exchange think tank is recommending councils sell off their above averagely priced social properties and re-invest the money freed up in cheaper social housing. The think tank argues that social tenants deserve a roof over their head, just not one that is better than what most people can afford.
Building societies such as Nationwide and high street banks like NatWest have been offering bonds for years. The technical definition of a bond is essentially you give your money to an entity and they promise to pay it back with a fixed sum of interest because you are keeping your money with them.
There are a variety of valid reasons why you might want to have your house taken off your hands quickly; whether you've inherited a property and want to release the cash, or you need to relocate for work.