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Family holidays delayed by finance and swine flu fear

Thursday, August 27, 2009

Category: Secured Loans

Recent research from Tesco Travel Money gives insights into British families anticipated holidays this summer.

According to the research, two fifths of families are yet to book anything, a third of which specifically state that this is dependent on their finances. Fears over swine flu have affected one in five families’ holiday plans and one in six parents say that they would be happy to remove their children from school in order to have a cheaper holiday.

In detail, 39 percent of parents with children of school age had not yet booked a holiday when surveyed. In the last three years, a third of families said that they had booked a holiday at the last minute, finding them just as good as holidays which were booked way in advance of travel. The trend is likely to continue this year as parents watch what they spend closely.

Those who were surveyed and responded that they were yet to book, said that holidays would depend on their finances, or whether they could grab a bargain. 47 percent of those who plan to book at the ultimate moment say that they would do so in order to get a better deal. Swine flu means that some families are watching out for what happens with the pandemic before going ahead and booking a holiday. The UK weather forecast is poor for August and so a hurry for last minute deals means that they might sell out quickly.

A Tesco Travel Money spokesperson continues: "Booking a last minute holiday doesn't necessarily mean there isn't enough time to find a good deal on your holiday cash. Getting a good rate on your foreign currency can make your holiday money stretch a lot further, and ensure you don't lose out on any savings you might have made by picking up a cheap break."

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Homeowners who have opted for a ‘staycation’ rather than a vacation may consider staying at home in order to carry out some vital home improvements. Those looking for finance could consider a secured loan. A secured loan for home improvements could be considered by those homeowners who are looking to extend to accommodate a growing family. Large scale projects which could be funded by a secured loan include extending upwards and downwards as well as outwards. Homeowners could also consider a conservatory to create a family snug or extra space for children to play in.
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