Latest news with #Section75
Western Telegraph
2 days ago
- Business
- Western Telegraph
Beaches and borrowing: 10% of UK adults ‘putting summer 2025 holiday on credit'
Those planning to put their summer 2025 vacation entirely on credit are using methods such as credit cards and buy now, pay later, according to financial insights company TransUnion. Meanwhile, 7% are using credit to partly fund their summer getaway. Some 2% of people said they are still paying off their 2024 summer break. A further 2% did not borrow for last year's trip but wished they had. People in London are the most likely to use credit to entirely fund their 2025 summer holidays, the research indicates, with 17% planning to do so, compared with just 4% in Wales. Consumers should be aware of the risks of longer-term financial pressure and ensure they only make credit arrangements than they can afford to repay Madhu Kejriwal, TransUnion Northern Ireland (14%) followed closely behind London, while 10% of people in Scotland, the Midlands and southern England said they will use credit to pay entirely for their holiday. Some 7% of people in northern England will put their summer break on credit, the research indicated. Gen-Z adults aged 18 to 24 are the most likely age group to be putting their 2025 summer holiday on credit, with 14% planning to fund their trip by borrowing, according to the survey of more than 2,100 people across the UK in June, carried out by YouGov. Some types of credit may offer certain protections if something goes wrong. For example, people paying by credit card may find they can claw money back using Section 75 of the Consumer Credit Act, if they do not get the service they were expecting, depending on the circumstances. Section 75 allows people to raise a claim with their bank or lender for a breach of contract or misrepresentation by the supplier. Madhu Kejriwal, chief executive of TransUnion in the UK and Europe, said: 'These findings highlight the growing role of short-term credit in making holiday plans a reality. 'Clearly, responsible credit use can help consumers to afford or spread the cost of life moments, like holidays. 'However, consumers should be aware of the risks of longer-term financial pressure and ensure they only make credit arrangements than they can afford to repay.' Here are some suggestions from TransUnion for holidaymakers using credit: 1. Read the credit agreement carefully before booking a holiday. Check the terms and conditions of your credit agreement or buy now, pay later loan thoroughly, including repayment deadlines and any late payment fees. Missed or late payments, even on small amounts, may be reported to credit reference agencies and negatively impact a credit report, potentially affecting the ability to borrow in future. 2. Keep an eye on all credit purchases. Credit for flights, accommodation, and extras can quickly add up when planning a holiday. Keep a clear record of how much credit has been taken out and set reminders or enable automatic payments to avoid missed repayments and additional fees. 3. Monitor credit reports. This can help people to understand their financial standing before and after a holiday. Credit reports can often be checked for free. 4. Do not ignore bills if you are struggling. Contact the lender for support or seek free support from charities such as StepChange Debt Charity, or National Debtline which is run by the Money Advice Trust.
Evening Standard
2 days ago
- Business
- Evening Standard
Beaches and borrowing: 10% of UK adults ‘putting summer 2025 holiday on credit'
Some types of credit may offer certain protections if something goes wrong. For example, people paying by credit card may find they can claw money back using Section 75 of the Consumer Credit Act, if they do not get the service they were expecting, depending on the circumstances.
The Herald Scotland
18-06-2025
- Automotive
- The Herald Scotland
How to get the lowest prices for a holiday hire car
The research reveals that the average cost of a week's car hire in summer 2025 is £369, 43% lower than the 2022 high of £652, but still 19% more than in 2019 (£310). Prices have fallen steadily since the 2022 peak, by 43% compared to 2022 (£652), 29% compared to 2023 (£520) and 3% since last summer (£380). 'There are some good deals to be had this summer when hiring a car if drivers take the time to shop around for the best prices, and don't waste money on extras from the rental desk which could have been brought from home such as sat navs and child car seats," says Ben Wooltorton, from "It's also worth considering buying excess reimbursement insurance before you travel from a specialist insurance provider.' And, there's still chance to shave more off your costs, say the experts. 1. Book early but look for last minute deals Book early and shop around to get the hire car you want at a good price. For example, for a week's summer hire in Barcelona, Sixt quoted £288, while Budget quoted £129. 2. Look for free cancellation, so you can cancel if a better deal becomes available Last summer, savvy travellers could have saved over £100 on car hire by booking closer to their departure. Prices for a week's hire fell by an average of £116 between January and July 2024 – with potential savings of up to £266 in Milan. 3. Shop around for excess protection – you could save around £190 If a hire car is damaged or stolen, the hirer is responsible for the excess amount, which can be as high as £2,000. A week's standalone excess reimbursement policy from costs from £33.15 and includes damage, theft, and tyre and windscreen cover. This is a sixth of the cost compared to buying excess protection from rental companies which costs, on average, £167 for a week's theft and collision damage excess waiver and £57 for tyre and windscreen waiver - a total of £224 according to a European survey of car rental prices. 4. Avoid buying extras from the rental desk – and save around £230 Only two in five (41%) check the price of extras when booking their hire car. Expect to pay, on average, £73 for an extra driver, £85 for a sat nav and £71 for a child's car seat – a total of £229. Bring car seats from home, use a smartphone for maps and think carefully about the need of adding a second driver. 5. Take photographic evidence of existing damage Almost two in five (39%) hire car drivers found damage on a hire car that was not highlighted on the checkout sheet. To avoid unfair damage charges, check the vehicle thoroughly at pick-up and return, and take dated photos or video proof. 6. Don't hire from the main airport or railway station Compare the cost of hiring from the main transport hubs, i.e., the airport or railway station with the same company a short distance away, as the savings might be worth the taxi fare. 7. Use a credit card for booking and to cover the excess Use a credit card to gain Section 75 protection under the Consumer Credit Act. This means the credit card provider will protect purchases over £100 (and less than £30,000) and you could get your money back if there is a problem. 8. Read the small print to avoid unpleasant surprises Always read the agreement document thoroughly to make sure you are not agreeing to an upgrade or paying for the rental company's excess protection cover if you don't want it. Recommended reading: 9. Check the fuel policy Know the fuel policy before you drive away. If you need to return the car with a full tank, make sure you do, as the penalties can be expensive. Keep the receipt from the petrol company as evidence. 10. Mileage restrictions Similarly, if you are planning a driving holiday check for mileage restrictions to avoid getting caught out. 11. Know how to complain Go to the rental company within 14 days with the complaint. If a satisfactory outcome is not reached, complaints can be directed to the BVRLA in the UK whose members, including AVIS, Budget, Enterprise, Europcar, Hertz and Sixt, are expected to adhere to its mandatory Codes of Conduct. An alternative is to contact the European Car Rental Conciliation Service (ECRCS), which offers a free service to help with unresolved complaints, but the rental must be with a company that has signed up, i.e., Alamo, AVIS, Budget, Dollar, Enterprise, Europcar, Firefly, Hertz, Maggiore, National, Sixt and Thrifty.
The Herald Scotland
17-06-2025
- Business
- The Herald Scotland
Plans approved for student accommodation on O2 ABC site
Over nine stories, including a basement, House of Social would include student accommodation, a food hall, a public courtyard, a bar, a gym, and more. The councillors first deliberated over whether the proposal contained enough information to make a decision today, and a motion was offered to take the proposal to a hearing. A vote was taken, and the motion for the hearing was refused, with a vote of six to four. Then, after questions between councillors, the plans were approved by a vote of eight to two. The new proposed development (Image: Vita Group)Councillors were told that the proposal was made "as compact as it can viably be", despite the "admitted negative impact on the heritage buildings in the area." Ahead of the meeting, we reported that the Glasgow School of Art said the Sauchiehall Street plans put the rebuild of the A-listed Mackintosh building 'at significant risk'. And that locals and heritage organisations in the city mirrored calls for a rethink of the design for the mixed-use student accommodation and hospitality site. Councillor Sean Ferguson spoke up during the meeting about the rebuild of the Mackintosh building. He said: "What context are we to consider this in? In no other situation would we be considering the impact on a burnt-out ruin of a building. "Although the global significance of the Mackintosh is understood. "If we don't take this opportunity to approve this proposal, we may see it lie derelict like it has for a decade." The site was ravaged by fire in 2014 and 2018 (Image: Newsquest)Councillor Eva Bolander refuted claims that the Glasgow School of Art had no concrete plans to rebuild the architect's work. She said: "The Art School have never stated any other intention than restoring the Mackintosh Building. However, after satisfying some of the questions the councillors fielded, they came to the vote. The chair of the meeting, Councillor Ken Andrew, approved. He said: "It's with some regret that I will support this. "On balance, I think that the benefits of developing the site outweigh the negatives." The proposal promises an open area to admire the Mackintosh building (Image: Vita Group) Part of the meeting's appeasing of some concerns was the notion that the approval would be subject to conditions. One of the conditions set was that the Macfarlane cast iron screen, which formed part of the portico of the O2 ABC, would be displayed to the public in the development. The other conditions include a Section 75 order, which will require the developers to contribute to the area through the council. The proposed Vita development, featuring their House of Social brand, will bring around £70million investment to Sauchiehall Street. The student accommodation would feature 356 bed spaces, comprising 306 four, five, and six-bedroom 'houses' with a shared kitchen and lounge and 50 studio spaces. It would also feature a fitness centre, social and study spaces, café-style lounges, and cycle storage.
The National
17-06-2025
- General
- The National
Glasgow O2 ABC site plans approved for student accommodation
The development was presented to the planning committee at a meeting today, June 17. Plans for the nine-storey building include student accommodation, a food hall, a public courtyard, a bar, a gym, and more. The councillors first deliberated over whether the proposal contained enough information to make a decision today, and a motion was offered to take the proposal to a hearing. A vote was taken, and the motion for the hearing was refused, with a vote of six to four. READ MORE: Dozens of families to be rehomed and building demolished following fatal fire Then, after questions between councillors, the plans were approved by a vote of eight to two. The new proposed development (Image: Vita Group) Councillors were told that the proposal was made "as compact as it can viably be", despite the "admitted negative impact on the heritage buildings in the area." Ahead of the meeting, we reported that the Glasgow School of Art said the Sauchiehall Street plans put the rebuild of the A-listed Mackintosh building 'at significant risk'. And that locals and heritage organisations in the city mirrored calls for a rethink of the design for the mixed-use student accommodation and hospitality site. Councillor Sean Ferguson spoke up during the meeting about the rebuild of the Mackintosh building. He said: "What context are we to consider this in? In no other situation would we be considering the impact on a burnt-out ruin of a building. "Although the global significance of the Mackintosh is understood. "If we don't take this opportunity to approve this proposal, we may see it lie derelict like it has for a decade." The site was ravaged by fire in 2014 and 2018 (Image: Newsquest) Councillor Eva Bolander refuted claims that the Glasgow School of Art had no concrete plans to rebuild the architect's work. She said: "The Art School have never stated any other intention than restoring the Mackintosh Building." However, after satisfying some of the questions the councillors fielded, they came to the vote. The chair of the meeting, Councillor Ken Andrew, approved. He said: "It's with some regret that I will support this. "On balance, I think that the benefits of developing the site outweigh the negatives." The proposal promises an open area to admire the Mackintosh building (Image: Vita Group) Part of the meeting's appeasing of some concerns was the notion that the approval would be subject to conditions. One of the conditions set was that the Macfarlane cast iron screen, which formed part of the portico of the O2 ABC, would be displayed to the public in the development. The other conditions include a Section 75 order, which will require the developers to contribute to the area through the council. The proposed Vita development, featuring their House of Social brand, will bring around £70million investment to Sauchiehall Street. The student accommodation would feature 356 bed spaces, comprising 306 four, five, and six-bedroom 'houses' with a shared kitchen and lounge and 50 studio spaces. It would also feature a fitness centre, social and study spaces, café-style lounges, and cycle storage.
