Finance, mortgages, loans, savings and insurance
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Aug
26
What is critical illness cover – FAQsHere are a few commonly asked questions relating to the subject of what is critical illness cover? What is critical illness cover insurance? This type of insurance typically provides a payment in the form of a lump sum should the policyholder be diagnosed as suffering from one of a list of critical medical conditions. This money may help compensate you or your family for the loss of income or additional expense (or both) that a critical illness may bring.
Aug
16
When to get a LoanIt is never really a good time to borrow money. At the moment, when the interest rates are low, it may seem good, but it is an expensive way to buy something. If there is anything you can possibly do to avoid borrowing money, you should do so. Going without an item might be possible and you should consider this option.
A good thing to do is to calculate how much the item will actually cost if you borrow the money to buy it. Work out the cost of the loan. If you use an overdraft or credit card, these will probably be even more expensive than a loan and you could end up paying for the item many times over. A mortgage tends to be the cheapest way to borrow money and over a twenty five year term you end up paying for the house three times over because the cost of borrowing is so high.
Therefore saving up is far more sensible. Only get a loan if you need money for an emergency such as a new refrigerator or something like that. Or if you could not possibly buy the item without a loan such as a house.
Aug
8
Pensioners forced to sell homes to pay for living costsWith rising bills from blood sucking energy firms and fuel companies the older generation is having to sell assets to survive it has been revealed. Together with falling pension incomes a rise in the number of older people selling their homes and moving into rental properties in order to fund their retirement, according to latest research. Tenant referencing specialist HomeLet said there had been a 16% increase in the – admittedly small number – of people aged between 66 and 70 who have sold their home and become tenants over the past 12 months. The firm said 1,074 people had swapped home ownership for rental accommodation.
Homelet also found that 43% of new tenants in July aged over 66 were previously living in a home they owned, compared to 37% in July 2010. The firm said the fact that about 2 million pensioners in the UK are living in poverty suggests older people are selling their homes to release equity to fund their increasing living costs. So this is the state of the nation. Fuel prices are going up but wholesale prices are plunging, but we still have to foot the bill if you need a notary public the best thing to do is search notary public and see what you get.
Aug
5
Credit Ratings Bump for 5 UK Building SocietiesCredit ratings agency Moody’s advices that mortgages and other financial products from some of the UK’s leading building societies could become cheaper. Moody’s has said that the performance by Principality, Yorkshire, Nationwide and Coventry building societies has been gradually improving over the last two years. This has made them a better bet to lend to. Newcastle and Nottingham were also included, but to a lesser extent.
Yorkshire, for example, has now seen its subordinated debt rating upgraded by two levels from Ba2 to Baa3, making it a little cheaper to for the building society to raise funds on wholesale money markets. These savings could potentially pass on to its customer in the form of cheaper products, such as mortgages. According to Moody’s, the building societies for which it had upgraded its outlook has achieved better asset-quality performance when compared to similar institutions. Moody’s also cited better underwriting standards and “improvements in risk management controls and culture” as reasons for the building societies’ improved financial position. |