Mortgages in the UK

by george on September 30, 2013

Choosing a mortgage is one of the most difficult decisions that a home owner will have to take. It is a decision that is going to affect your life for such a long time, sort of like having a baby. The repercussions of not meeting the obligations can be far reaching to the extent of losing the house itself.

This is why you need to be very careful with the kind of mortgage agreement that you get into. In the UK, there are many residential mortgages that you can take up depending with your income level and payment plan. In the same way, there are a number of mortgage providers such as HSBC Bank plc, Barclays and First Direct as well as NatYes and RBYes.

These firms offer a variety of options that you would be best advised to consider in line with your plan. Some of them can even create customer specific options to ensure that you are sorted out to the maximum. What you need to look at is the amount of money that will be required of you and for how long. In most of the mortgage negotiations, the amount of money payable often remains constant over the payment period.

This can be easily determined by using a mortgage calculator, which is available online. Knowing the exact amount that you are required to pay has many advantages, least of which is the knowledge that you can use in planning. This goes a long way in avoiding the minor problems of delayed payments and issues of the sort. Additionally, using the mortgage calculator, you can always tell how much remains in store for you to pay and how soon you can complete the mortgage.

In fact, you can also use it to calculate additional mortgages and how they will affect your current standing. Taking up a mortgage is a big step in life and it is important that you get prepared for it as much as possible. Shopping around for the best mortgage rates in the country is one sure way of setting yourself on the right path


Traders Motor Insurance

by george on July 31, 2013

Changing car insurance providers is never a task many of us relish doing, we know every year that we should shop around, yet usually due to lack of time, or inclination we just do not get round to it. There are however, some great competitive prices out there, and with motor insurance market having side wide reaches, there is always a more competitive deal to be found.

It is important to first outline what you are looking for, how much excess you want to pay and if you wish to include any voluntary excesses. An excess is an amount of money, that should you have a car accident, you would be liable to pay this money as the first part of any claim you made. Often, the higher you set your excess, the lower your car insurance premium will be. It is up to you how to set your excess, and whether you are brave enough to set yourself a fairly high excess resulting in much lower insurance payments, in the hope that you will not have an accident and therefore not have to pay your high excess. I, however, do it the other way round, setting myself a low excess and no voluntary excess (Compulsory and Voluntary are both different and essentially, if you wish, you would have two excesses on your insurance, both liable for payment should you need to claim), and therefore looking to protect myself against unforeseen payments should the worst happen.

There is a difference between paying monthly and paying yearly, so make sure you check out the differences in prices. When you decide to pay monthly you will undoubtedly pay more, as your insurance would be based on a credit type option and would therefore have to pay any interest that is accrued during the term of the insurance. Is there a better way to pay for your insurances? Well that is entirely up to the individual or company. If you would rather pay less then the yearly option is the more preferable, however if cash flow is a problem you might be better taking the monthly option. While the cost of the insurance will invariably be more with a monthly plan, you payments will be broken down into smaller, more manageable chunks.


Are you in the motor trade industry? That could mean you work with vehicles at a dealership or maybe at a garage or MOT test centre. are motor trade specialists, and will help you find the right insurance to protect you, your company and your employees.


Are You a High Risk to Vehicle Insurers?

July 26, 2013

Whether it‘s for a car, van or HGV, the cost of your policy is usually a direct reflection of how much of a risk you are perceived to be by your insurance company. The term ‘high-risk’ is thrown around a lot when people talk about insurance, but what does it really mean to be high-risk? […]

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