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Which Insurance company is better?

Paul — Mon, 16 Aug 2010 15:59:16 +0000

There is no such answer to this question as it’s down to personal choice. Some people prefer going to Tesco for everything whereas other will look for something different. It depends how much is the value of the goods that you are going to insure and what company offers you the best discount. I always look for online vouchers which help a lot in reducing the cost. Lately, a friend of mine bought Tesco insurance and was able to get 10% discount by using voucher code. Another website called Quidco helps you in saving money by offering good cash back offer. Why not look online for discounts when you can get money off codes?

Would You Pay £400 as rent ot Mortgage?

Paul — Thu, 12 Aug 2010 15:55:37 +0000

If you are employed and looking to rent a one bed flat in north west area, then you must be looking something around £400 price mark. However if you have got few years savings, why don’t you think of buying a 2 bed flat where you will use your savings but would get more value for it. However, people have started making money out of it.Chances are if you rent your flat , then you can get around £600 for two bed flat. So, someone else is now paying your mortgage and you’ve got £200 extra to spend every month. You don’t need to worry about council tax and bills as that will be paid by ones who are living in it too.

Is Insurance costing you a lot?

Paul — Wed, 11 Aug 2010 15:37:15 +0000

What do you think about Insurance? How about car insurance, home insurance, mobile insurance, laptop insurance and personal insurance? It’s good to have them but if you would have all then think about the cost that will incur to you every month. Insurance cover do help a lot at times when things go wrong but to afford cost of keeping them for whole year is a big thing too. It’s better to have one insurance that pays for everything. I think Tesco offers insurance valid for all above. It’s like why choose to pay to different companies when you can have a good deal from one.

Is Mortgage a good option?

Paul — Tue, 10 Aug 2010 16:12:38 +0000

If you are employed and couple, buying a house must be on your mind. I’ve been trying to look around for mortgage options and found that you can get 85% loan , providing you pay rest 15% deposit. Most of the people go for fixed interest rates as I think its better to pay a certain amount of money every month than going for a plan where you never know when interest rates will increase. Instead of renting a flat, if you do have savings then go for buying a flat as it’s mortgage will be similar to what you will pay as it’s rent.

How Helpful is Insurance cover?

Paul — Mon, 09 Aug 2010 15:46:40 +0000

It really depends for what reason you are applying insurance cover. Insurance will just give you peace of mind and would cover you in your worst times. People take travel insurance which can help you in case you lose your bags / get sick. Home Insurance is probably one of the important things to do, as you need to make sure that in case you lose your job, made redundant, or get sick then there is someone paying those instalments on behalf of you. This is where insurance play important role, it helps you by providing a valuable service. One thing to note is to be careful about what company you choose as there are many scams going around.

Insurance Cover

Paul — Fri, 21 May 2010 10:41:07 +0000

On a mortgage it is all very well paying monthly costs but what if you lose your job, can’t pay your repayments, fall ill or in the worst case scenario – die? This is something we don’t want to think about but when buying a house these things do have to be considered. Mortgage insurance cover, life insurance and critical illness cover are all recommended but purely a choice by the mortgage payer. If someone can’t pay the mortgage because they are no longer alive or too ill to work then someone still has to be made accountable. This is where insurance comes in and covers the costs.

Charging Rent

Paul — Fri, 07 May 2010 08:53:07 +0000

When you buy a house you may find that you can’t afford to live alone and need to rent out one of your rooms. The advantage of this is that you can charge fees that will cover part of your mortgage repayments and although usage of more electricity and gas will be increased, the charges will be split between more parties. It is often a good idea to live with someone else anyway, and whilst it might not be ideal on some occasions, you have to keep thinking that you are getting a good deal out of it. It is helping you pay off your mortgage whilst being able to live your life.

Conveyancing Fees

Paul — Tue, 27 Apr 2010 08:19:15 +0000

If you are about to buy a house you may well be aware of conveyancing fees. When you have had an offer accepted, you’ve seen the Home Information Pack (HIP) and you’re set to go, you will still need to have conveyancing carried out. Conveyancing is the legal process to transfer the ownershp of a property from the seller to the buyer. It is usual for people to hire a solicitor for their conveyancing. If you are buying a property, your solicitor generally works on behalf of your mortgage lender, who usually insists on certain searches before they will release the money for your house. The fees can range from £200 up to £1000 depending on the solicitor.

Pensions

Paul — Fri, 23 Apr 2010 08:52:39 +0000

If you are looking to secure your future after you have retired you may worry about what pensions are available to you. If you work for a large company or you work in the public sector such as the NHS or Her Majesty’s services then pensions are pretty much standard, and your employer will often contribute towards the amount. However there are many private pensions out there through independent financial advisors. You can speak face to face with advisors and work out the best plan for you. More often than not you can change your monthly investment and make it more or less to suit you.

Mortgage Buying Fees

Paul — Fri, 16 Apr 2010 08:21:33 +0000

There are so many fees to consider when you are arranging a mortgage on a property. Firstly there is the Mortgage arrangement fee. These vary enormously but usually cost £500 – £1,500. In some cases this is non-refundable, even if the house purchase falls through. There is also a valuation fee for a survey. This is to check that the property exists and it offers the lender sufficient security for the loan. This usually costs around £250.

Legal fees cost around a couple of hundred pounds but if you have to pay for your conveyancing, you’re looking at around £500 – £750. Finally there is Stamp duty which won’t be included even if your lender will cover legal fees. The strange thing here is the stamp duty tax rate is set at an absolute rather than marginal level. In simple terms – rather than you paying 4% stamp duty on everything above £250,000 you pay 4% on the whole amount.