Home owners insurance is a valuable investment, especially given the rising weather related claims. Over the last several months, insurance claims have been on a steady rise due to gusting winds, severe storms, and tornado weather across the mainland. Even with the ravages of recent storms, 36% of homes are not insured. Experts are predicting [...]
Home insurance can be more than an investment against disaster. With a new policy that has been introduced by Private Insurance Portfolio and Sterling Insurance Group, home insurance can now be an investment in the future. The new policy is geared towards the higher bracket of home owners. To qualify, a home insurance premium must [...]
As if the traditional loans, the credit cards, and the banks weren’t taking enough of the average man’s wages – now tax preparers are popping up to take the tax refund even before it makes it to the people’s hands. It’s not “interest rates” that are eating up the tax refunds. Instead, companies are calling [...]
I recently read an article about investing in gold. It’s just beyond my ability to fathom. What do you do with a great big old gold bar any way? For me, investments are a bit of a mystery. I tried mutual funds. I sat down with the investment office expert. I asked questions, and I [...]
Writing a business plan can be as simple as ABC. A – Action Plan. You need to devise a step by step guide on what you are going to do and when. B – Budget. Know the cost of different aspects of the future business. Set up a system for dealing with those costs. C [...]
The only investment most people are making these days is in their home. Having savings does not seem to be a priority for most. To truly be financially secure, people need to spread their savings around. More importantly, people need to be saving in the first place. I know this – but I have to [...]
For anyone out there who has ever forgotten a payment or found themselves with more debt than their income could pay, you know how aggressive some of these creditors can be. When we found ourselves in deep debt, the calls got rude and insulting. We were blessed to be able to dig our way out [...]
I was reading an article about the basic principles concerning mortgages when it dawned on me that maybe this information wasn’t basic enough. The article covered the different types of mortgages available, the interest rates, and even the pros and cons of each of these points. What the article didn’t cover is that the lender [...]
It’s important to save money for the children. I’ve heard this since my husband and I first started having kids, and I recently read an article that was discussing the best ways to go about saving money for children. The expert talked about the savings plans that are available, the tax options, and even the [...]
If you are looking for home owner’s insurance then Lloyds TSB Home Insurance is the place to start. This is truly a company with history. The origins of Lloyds Bank stretches back to 1765 when John Taylor and Sampson Lloyd set up a private bank. Two of their sons followed the same pattern and established [...]
The consumer is gaining more control over lending options with the introduction of flexible loans. These new loans are a result of flexible banking. This practice allows the interest that comes from a savings product be used to offset interest on borrowing products. As the popularity of flexible banking continues to increase, it is likely [...]
It’s time to grow up and become an adult. In today’s society, this often means buying a home. For most individuals starting out, a new home means getting a First Time Buyer mortgage. Is this the path that you should take? You have to ask yourself why you are buying in the first place. Many [...]
Buying home insurance has gotten easier for home owners. With the expansion of the internet into the average home, companies like Direct Line Home Insurance have found it beneficial to the company and the consumer to use the technology. Just a few short years ago, consumers were forced to make several phone calls or visit [...]
Many insurance companies, like Direct Line Car Insurance, have been looking for creative ways to increase their profit margins. One of the directions the situations that these companies are looking at is the cutting of the middleman. In the past, consumers were forced to work with an insurance agent. For many years, this was a [...]
Consolidation loans are all the rage. In a society that seems more proud of its ability to grow debt than its ability to pay it off, consumers are digging themselves into holes that are almost impossible to get out of. With credit card offers coming in the mail like leaves falling off the tree in [...]
A County Court Judgment (CCJ) is a decision by a court that says a person owes money to a creditor and that he has not met the obligations laid out by that creditor. It is beyond a default, which is often the cause of something as simple as a missed payment. A CCJ is more [...]
There is nothing worse than finding yourself stranded in the middle of no where with a broken down car. Apparently insurance providers have been in the same position at one time or another. Many companies now offer car breakdown coverage for just such occasions. The type of coverage often varies from company to company – [...]
It’s the perfect house, and you have to have it. The problem is that your existing house is still on the market and it might not sell in time for you to get this home of your dreams. A Bridging Loan may be the answer to your predicament. At its basic, a bridging loan is [...]
You want to buy a home, but you don’t have the best credit rating. Let’s face it, between the late payments, the multiple credit cards, and the over extended nature of your existing credit, your credit rating is bad. A bad credit rating doesn’t mean you will not be able to get a mortgage. It [...]
Low premium insurance companies are on the rise. Companies like Admiral Car Insurance are specializing in niche markets. This gives them the ability to cut costs in a variety of areas, and it allows the companies to pass these savings on to the consumer. Admiral Car Insurance was unique to the market when it launched [...]
A year has passed since the government replaced Child Trust Funds with Junior ISAs (JISAs) but more than half of parents are unaware that they exist, according to research by friendly society Family Investments Children born between 1 September 2002 and 2 January 2011 were eligible to open a Child Trust Fund and to receive [...]
PPI costs increase for Lloyds and Barclays
Lloyds Banking Group has set aside a further £1 billion to cover compensation costs for customers who were mis-sold Payment Protection Insurance (PPI). Yesterday, Barclays revealed £700m of PPI costs in the 2012 third quarter increasing its total provision to £2bn. Lloyds Banking Group, which has made the largest PPI provision out of all the [...]
Bonfire Night worst day for burglaries warns Aviva
Insurance group Aviva is warning households to be vigilant over security at this time of the year, as burglaries tend to increase signficantly between Halloween and Bonfire Night. On Bonfire Night the number of burglaries increases by around 25 per cent compared with an average day, according to the company’s research. Aviva also reported a [...]
Consumer confidence hits six-month low
Although the UK has officially emerged from recession, consumer confidence fell to -30 in October from -28 in September, according to market researcher company GfK NOP. This is the lowest level of consumer confidence since April when the UK was in an economic slump. Analysts had expected the index to remain stable at -28. Respondents [...]
100,000 mortgage holders escape negative equity trap
New figures from the Council of Mortgage Lenders (CML) reveal that the number of borrowers in negative equity fell 13 per cent to 719,000 between the first quarter of 2011 and the first quarter of 2012. The number of borrowers paying a mortgage greater than the value of their property fell despite a further small [...]
Banking commission appoints counsel to cross-examine witnesses
The Parliamentary Commission on Banking Standards has appointed counsel to cross-examine witnesses during its inquiry into the collapse of Halifax Bank of Scotland. Barrister David Quest has been appointed to question witnesses in a public evidence session, as part of a sub-committee panel inquiry into the bank. Andrew Tyrie, chairman of the Commission said: “This [...]
Mortgage approvals increased in September
An increase in the number of mortgage approvals in September suggests that the ‘Funding for Lending’ scheme, launched by the Treasury and the Bank of England, may be starting to give the property market a boost. According to Bank of England figures, the number of loans approved for house purchase increased by 2,103 to 50,024 [...]
Five million paid less than living wage
Five million people in the UK are paid less than the ‘living wage’ of £7.20, or £8.30 in London, according to a new report by KPMG. In Northern Ireland, 24 per cent of workers receive less than they require in order to pay for essentials and the situation is little better in Wales where 23 [...]
Commission calls for radical change in housing market
A new study by the Future Homes Commission suggests that the way homes are built in the UK is dysfunctional and needs a radical overhaul. The organisation, which was established by the Royal Institute of British Architects, believes that 300,000 extra homes could be built every year without any input from Government funding. Instead, the [...]
The UK economy emerged from recession yesterday and now leads the way in Europe according to research group Capital Economics. Gross Domestic Product (GDP) grew by one per cent in the third quarter from July to September, the biggest rise for five years, the latest official figures from the Office for National Statistics (ONS) show. [...]
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