Browse content similar to 27/09/2014. Check below for episodes and series from the same categories and more!
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Joan of Arc. It was the real woman behind the story? `` legend Derek. | :00:00. | :00:00. | |
Now on BBC News, Ramzan Karmali is here with this week's Your Money. | :00:00. | :00:07. | |
Money ` your weekly guide to making the most of your cash ` here every | :00:08. | :00:15. | |
weekend on BBC News television ` available all week on the BBC | :00:16. | :00:18. | |
property market continues to get hotter and hotter ` so whether | :00:19. | :00:23. | |
you're buying or selling, how do you make sure you get a fair deal? | :00:24. | :00:27. | |
Housing expert, Henry Pryor has some top tips! | :00:28. | :00:32. | |
mobile phone contracts than people in the UK? So just how do you get | :00:33. | :00:37. | |
the best deal on the latest must have gadget? | :00:38. | :00:42. | |
Fancy backing your sports team more than just by buying a ticket? | :00:43. | :00:44. | |
Lancashire cricket club wants to borrow money from you directly in | :00:45. | :00:47. | |
exchange for a 7% return. But is it a gamble or a secure investment? | :00:48. | :00:50. | |
We'll hear what one savings expert thinks. | :00:51. | :00:59. | |
look at the property market. Yet more data out this week suggest | :01:00. | :01:08. | |
things are really hotting up. According to the Land Registry, | :01:09. | :01:10. | |
annual house price growth accelerated to 8.4% in England and | :01:11. | :01:12. | |
Wales in August ` the highest rate of increase for nearly seven years. | :01:13. | :01:15. | |
So is this really the time to buy? Or are sellers in the box seat? | :01:16. | :01:20. | |
One person with a view on all of this is housing expert, Henry Pryor | :01:21. | :01:23. | |
How do you assess the market? Prices seem to get higher and higher. From | :01:24. | :01:37. | |
the blizzard of monthly housing reports, both asking price surveys | :01:38. | :01:43. | |
and sold house price surveys, the most recent was yesterday which | :01:44. | :01:46. | |
confirmed that although prices across England and Wales are up by | :01:47. | :01:53. | |
about 8%, most people in the market are seeing asking price is not | :01:54. | :01:59. | |
increasing at a similar rate. The market is perhaps stabilising and | :02:00. | :02:02. | |
early figures from HMRC confirm that if you do want to buy and sell you | :02:03. | :02:07. | |
can do so, because there is a liquid market with roughly 100,000 homes | :02:08. | :02:12. | |
trading in the last month. Their houses to buy, but if you are | :02:13. | :02:22. | |
buying, what are your top tips? Whether buying or selling, the most | :02:23. | :02:24. | |
important thing before you go out and look for your most expensive | :02:25. | :02:28. | |
single purchase is to get prepared. It is extraordinary how many people | :02:29. | :02:32. | |
start looking without having done their homework. If you're looking to | :02:33. | :02:37. | |
buy, you need to remember that the mortgage landscape has changed. We | :02:38. | :02:41. | |
had this review that came into effect in April and that has made it | :02:42. | :02:46. | |
harder to qualify for a mortgage. Lenders have to do more to check to | :02:47. | :02:49. | |
make sure that you can not only afford a mortgage today, but going | :02:50. | :02:56. | |
forward when Mark Carney raises interest rates, that you will be | :02:57. | :03:00. | |
able to still afford repayments. Those deals are generally good for | :03:01. | :03:05. | |
two months? In terms of preparation, make sure you have spoken to a | :03:06. | :03:09. | |
mortgage broker or lender and that they have been able to provide you | :03:10. | :03:14. | |
with a principle so that you can go out and look with confidence knowing | :03:15. | :03:16. | |
what you can afford and when the time comes you will be able to make | :03:17. | :03:20. | |
an offer, and have the confidence you have credibility behind you. We | :03:21. | :03:25. | |
have had news from the Conservative Party, they are talking about help | :03:26. | :03:31. | |
for first`time buyers, what are they saying? We have seen a raft of | :03:32. | :03:35. | |
housing initiatives from the Coalition Government, a couple of | :03:36. | :03:42. | |
schemes and yesterday a rent to buy scheme which gives people an | :03:43. | :03:46. | |
opportunity to rent with a view to saving the balance of the increase | :03:47. | :03:51. | |
to eventually buy it. Today there is news that David Cameron feels that | :03:52. | :03:55. | |
over the last four years he has been overlooking some round field sites | :03:56. | :04:05. | |
`` Brown and he thinks he has found space that if he is elected he can | :04:06. | :04:07. | |
build 100,000 homes. Thank you. over 90 years ` but not for much | :04:08. | :04:13. | |
longer. Paper tax discs are being phased out. They'll be replaced by | :04:14. | :04:18. | |
an electronic system on the 1st of October which means that existing | :04:19. | :04:21. | |
discs can be removed. Under the new system, drivers will also be able to | :04:22. | :04:24. | |
pay their tax by monthly direct debit. Buyers of used vehicles, | :04:25. | :04:27. | |
though, will have to renew the tax when the car is bought. Until now, | :04:28. | :04:30. | |
private sellers have been able to sell vehicles with existing tax. For | :04:31. | :04:33. | |
more information you can visit the government's website ` the exact | :04:34. | :04:36. | |
address is on your screens right the expensive adverts and the never | :04:37. | :04:39. | |
ending queues outside stores for the latest mobile phone. But with so | :04:40. | :04:55. | |
many tariff choices how can you be sure to get the best value for money | :04:56. | :04:58. | |
and are there other options? Caroline Hepker has been finding | :04:59. | :05:01. | |
out. There are more mobile phone | :05:02. | :05:06. | |
contracts Customers coming into a shop | :05:07. | :05:07. | |
like this will know the brands on offer, from Google to Samsung, | :05:08. | :05:24. | |
Sony and HTC. They will probably have seen | :05:25. | :05:28. | |
the glitzy ads But how do you get the best deal | :05:29. | :05:30. | |
on the latest gizmo? You can pay for a contract | :05:31. | :05:38. | |
and it's often ?0 up front, up to about ?100, and then you pay | :05:39. | :05:43. | |
for your minutes and texts The other way is buying | :05:44. | :05:46. | |
the phone outright, either from a manufacturer or a third`party | :05:47. | :05:50. | |
retailer, like Amazon, and you choose the tariff, so you can get as | :05:51. | :05:52. | |
many minutes and texts as you want. Often that's much cheaper | :05:53. | :05:56. | |
and gives you the flexibility to have either one month rolling or | :05:57. | :05:58. | |
maybe 12 months and at the end A two`year contract with a major | :05:59. | :06:01. | |
provider will cost you around ?1170, But on a SIM only deal, | :06:02. | :06:09. | |
if you pay for the phone upfront But not every manufacturer is | :06:10. | :06:16. | |
the same. Buying | :06:17. | :06:24. | |
a Samsung Galaxy S5 HTC 1M8 on a Belinda Palmer says shop around | :06:25. | :06:27. | |
for your network. Definitely go SIM only where you | :06:28. | :06:39. | |
can and choose the network. You don't have to go for one | :06:40. | :06:42. | |
of the bigger networks. There are some smaller networks, | :06:43. | :06:45. | |
like giffgaff, where you get the same service, it's an O2 subsidiary, | :06:46. | :06:48. | |
but you get a much better deal. It is also worth watching | :06:49. | :06:53. | |
for new group deals. This is | :06:54. | :06:58. | |
a new thing where you can put all of As a mum running a household, | :06:59. | :07:01. | |
I can say of 10GB I'll have five for myself | :07:02. | :07:07. | |
and be greedy, 1GB for my son, my husband will have the other bit and | :07:08. | :07:13. | |
my daughter can have what's left. Once you've got your snazzy | :07:14. | :07:17. | |
smartphone, look after it. There is now a lucrative second`hand | :07:18. | :07:20. | |
market online and through major Now time for some other personal | :07:21. | :07:23. | |
finance stories. Customers with complaints about their gas or | :07:24. | :07:35. | |
electricity service typically have to contact their supplier six times | :07:36. | :07:41. | |
before their issue is resolved. The regulator, Ofgem, found that over | :07:42. | :07:44. | |
half of consumers who complained, were not satisfied with the | :07:45. | :07:46. | |
response. And the complaints aren't just directed at the Big 6 energy | :07:47. | :07:49. | |
firms. In fact according to Ofgem's report, small energy firms can be as | :07:50. | :07:52. | |
bad at handling complaints. The regulator has written a letter to | :07:53. | :07:55. | |
suppliers demanding they all do motor insurance industry, the | :07:56. | :07:58. | |
Competition and Markets Authority said that current practices are | :07:59. | :08:07. | |
restricting competition and leading to higher premiums for customers. | :08:08. | :08:10. | |
The regulator says they have a plan for changes that should knock up to | :08:11. | :08:12. | |
?20 off a typical bill and stop comparison sites banning insurers | :08:13. | :08:16. | |
from offering cheaper prices criticised insurers for turning down | :08:17. | :08:18. | |
some claims from holidaymakers who had been drinking alcohol before | :08:19. | :08:29. | |
having an accident. The service ` which settles disputes when a | :08:30. | :08:31. | |
financial services company and a customer cannot agree ` said it | :08:32. | :08:34. | |
upheld 53% of complaints last year, up from 42% in 2011. The Ombudsman | :08:35. | :08:37. | |
said it expected a "high standard of proof" from insurers that the amount | :08:38. | :08:40. | |
of booze consumed made a policy If you're lucky enough to have a | :08:41. | :08:43. | |
savings account but not feeling so lucky with the rate of return you're | :08:44. | :08:58. | |
getting, then perhaps you may want to invest in a retail bond? | :08:59. | :09:01. | |
Basically when you buy one you're lending money directly to a company. | :09:02. | :09:04. | |
Businesses like the trucking firm Eddie Stobard to mens toiletery | :09:05. | :09:07. | |
experts, King of Shaves have all issued these bonds. And this week | :09:08. | :09:09. | |
Lancashire Country Cricket Club have launched one too. So are they really | :09:10. | :09:12. | |
a viable alternative to some of the more conventional methods of | :09:13. | :09:15. | |
savings? To help us answer this, I'm joined | :09:16. | :09:24. | |
by Laura Whitcombe, Deputy Editor, And we are talking about bonds are | :09:25. | :09:38. | |
what are we talking about? It is an agreement to lend money over a set | :09:39. | :09:42. | |
period of time and in return you get interest. When we are talking about | :09:43. | :09:46. | |
the rates of return, they are much more attractive than on the High | :09:47. | :09:52. | |
Street? Yes, this particular type of bond can see rates from anything to | :09:53. | :09:58. | |
5% up to 10%. This one is over five years and if you look at savings | :09:59. | :10:01. | |
accounts during that time frame, you would be lucky to get more than 3%. | :10:02. | :10:06. | |
It sounds very attractive, but we should be aware, these are not for | :10:07. | :10:14. | |
normal investors? They are very risky, there is no guarantee you | :10:15. | :10:18. | |
will get your money back. With a savings account, your money is | :10:19. | :10:23. | |
protected by a compensation scheme which does not apply for these | :10:24. | :10:28. | |
bonds. You need to be quite wealthy, be able to afford to lose the money | :10:29. | :10:32. | |
and you need to really look into what you are doing. For regular | :10:33. | :10:41. | |
Saver, Bradstock, but perhaps for a cricket fan? Yes, one who can | :10:42. | :10:53. | |
benefit from using it at games. In terms of protection, if the company | :10:54. | :10:57. | |
goes bust, you will lose your money? There is no protection at all, but | :10:58. | :11:03. | |
are there any other products you can put it into whether it's protection? | :11:04. | :11:07. | |
You could invest through a bond fund, you could get a financial | :11:08. | :11:13. | |
adviser to help you. If the companies involved them were to go | :11:14. | :11:18. | |
bust, this scheme would not automatically pay out, but if the | :11:19. | :11:24. | |
product was mis`sold, you would be protected under the compensation | :11:25. | :11:25. | |
scheme. This is good for people who are not | :11:26. | :11:37. | |
hugely dependent on that interest and having that money back because | :11:38. | :11:41. | |
it's very risky. Lover, thank you for joining us. That's all for as | :11:42. | :11:47. | |
this weekends `` Laura. Keep up`to`date on the BBC website. | :11:48. | :11:52. | |
On social media we have updates on Twitter. Thanks for watching today. | :11:53. | :12:12. | |
And this is BBC News. The headlines this morning full top British | :12:13. | :12:20. | |
warplanes are expected to launch against Islamic State targets this | :12:21. | :12:26. | |
weekend. Air strikes carried out by US led forces hit Islamic State and | :12:27. | :12:30. | |
other Islamist groups in central Syria for the first time. | :12:31. | :12:33. |