- HIP's – the full story
- Ready, steady, go! With just three months to sell your home using the forthcoming and compulsory information pack, you need to get your act together. Here we face the facts.
- Getting On The Property Ladder
- There are different ways to help your child get onto the property ladder. You have to decide which is best for you both. Weigh up the pros and cons.
- Getting On The Property Ladder
- There are different ways to help your child get onto the property ladder. You have to decide which is best for you both. Weigh up the pros and cons.
- What Costs Are Involved When You Switch Your Mortgage
- Switching your mortgage can be daunting but do not assume that you have to stay with you current lender even if you are only part way through the agreed term. You can switch for a better deal but you will incur costs and below we outline exactly what is involved when you switch.
Mortgages. Government backed mortgages for first-time buyers look even weaker.
Just before Christmas we commented on the Governments new “Open Market Homebuy” mortgage scheme which is planned to be operational in October 2006.
Under the scheme, first time buyers will be able to take out a mortgage for 75% of a homes value and the government and the mortgage lender will each effectively buy 12.5% of the property. Then when borrowers eventually decide to sell the property, the owner will receive 75% of the net proceeds and 25% of the sale price will go to the Government and the mortgage lender, as they effectively own the balance.
In our view, first time buyers should not become excited about this scheme for four reasons: -
• The Government has now confirmed that buyers will have to suffer a 1% premium on the mortgage rate (life insurance advisers)
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Did you Know?
The golden rule is if you want
cheap life insurance, dont go to your bank. Why? For certain your bank will charge you through your nose – if you dont believe us, get a quote from your bank and compare it with an online quote from a life insurance broker. Youll be amazed at the price difference! (medical insurance)
Todays Tip
Dont buy direct from a Life Insurance Company or even your bank, until you have received at least two quotes from specialist life insurance brokers. That way youre bound to get a great deal for your
life insurance policies.
Did you know? (life assurance)
Recent research has shown that 53% of motor insurance is now bought online. Thats because surfing is a sure fire way of tracking down the best deals. And at renewal time, surf around again! Dont automatically accept your renewal notice without rechecking premiums on the Internet.
Did you Know?
Cheap secured loans are widely advertised on the Internet but of those applicants who are accepted, 43% are offered a higher rate than the rate they saw advertised (source: Experian). Thats why, if youre looking for a cheap secured loan, its a good idea to apply through a loan Broker. The Broker will know exactly who will accept your credit history and find you the cheapest rates of interest.
Did you know?
A survey of borrowers conducted by the Daily Mail found that 54% of applicants for (medical insurance)
loanswere refused whilst 43% were offered a loan but at a higher rate than that advertised.