Having always been an advocate of the fixed rate mortgage since buying my first home some twenty two years ago, I have only recently reached the end of a five year fixed-rate mortgage which, in retrospect wasn’t the best deal I have ever signed up for. Although the interest rate was not stupidly expensive it certainly meant that I wasn’t as well off as I could’ve been for a number of years, although I have to remind myself that the reason I elected to fix the costs was just in case the costs of borrowing sky rocketed leaving me with an unaffordable mortgage and the potential for repossession. What I have done, however, is to change the things I can change and decided that the mortgage was a thing that I couldn’t change so I wouldn’t cry over spilt milk. The comparison websites that dominate every advert break truly hand control of people’s money back to the people and I love the democratic way that the masses can vote with their feet and walk away from companies that they deem to be too expensive and move to companies that appear to be more welcoming, at least initially that is. I am aware that these companies do seem to lay on the charm to entice people into their lair after which they will try to increase the costs for the unsuspecting, but I intend to move my business to a new home when I begin to feel that they are trying to take me to the financial cleaners. I regularly sit down and review all my finances by logging on and getting a quote for life insurance on a website called mortgage protection quotes and check to see if my electricity and gas suppliers haven’t altered their tariffs to a rate that benefits them rather than me.
Tags: Advert, Advocate, Democratic Way, Electricity And Gas Suppliers, Electricity Suppliers, Feet, Fixed Mortgage, Fixed Rate Mortgage, Insurance, Interest Rate, Lair, Life Insurance, Love, Money, Mortgage Protection, Mortgage Quotes, People, Quotes, Retrospect, Sky, Tariffs, Year Fixed Rate MortgageA colleague of mine at work has recently had the news that her partner is about to be made redundant and like so many people her age had been spending virtually all their combined income without saving anything for a rainy day. I suppose they are relatively fortunate that she still has a job and that he’s quite prepared to do anything to bring in some money and believes he can pick up some temporary shift work in a factory but it won’t make up for the shortfall. They were faced with a scenario of having to save a few hundred pounds a month if they were to remain with their heads above water and stay solvent so they have had to sit down and analyse their entire spending to see what could be cut back on, what could be cut out all together and what they needed to prioritise like rent. There were a few quick wins; Sky was cancelled as was gym membership and direct debits to lottery syndicates etc. Charities have been shelved temporarily as have anything that wasn’t vital. She then used the comparison websites to source better deals on the home insurance, car insurance and life insurance, where she found a site called life insurance compare and made the biggest saving. In most cases she was able to save a few pounds to chip away at her shortfall.
Tags: Car Insurance, Charities, Colleague, Direct Debits, Gym Membership, Home Insurance, Insurance, Insurance Car, Insurance Life, Job, Life Insurance, Lottery Syndicates, Money, Quick Wins, Rainy Day, Shift Work, Shortfall, SkyA colleague of mine at work has recently had the news that her partner is about to be made redundant and like so many people her age had been spending virtually all their combined income without saving anything for a rainy day. I suppose they are relatively fortunate that she still has a job and that he’s quite prepared to do anything to bring in some money and believes he can pick up some temporary shift work in a factory but it won’t make up for the shortfall. They were faced with a scenario of having to save a few hundred pounds a month if they were to remain with their heads above water and stay solvent so they have had to sit down and analyse their entire spending to see what could be cut back on, what could be cut out all together and what they needed to prioritise like rent. There were a few quick wins; Sky was cancelled as was gym membership and direct debits to lottery syndicates etc. Charities have been shelved temporarily as have anything that wasn’t vital. She then used the comparison websites to source better deals on the home insurance, car insurance and life insurance, where she found a site called Mortgage Protection Insurance and made the biggest saving. In most cases she was able to save a few pounds to chip away at her shortfall.
Tags: Car Insurance, Charities, Colleague, Direct Debits, Gym Membership, Home Insurance, Insurance, Insurance Car, Insurance Life, Job, Life Insurance, Lottery Syndicates, Money, Mortgage Insurance, Mortgage Protection Insurance, Quick Wins, Rainy Day, Shift Work, Shortfall, SkyWorking for a building society I had always had it drummed into me about mortgages and how important they were; how important it was to get the right interest rate and how you should fix your rate for two, three or five years. Understandably people thought of little else apart from the monthly fee itself as it could make a difference to what they paid over a long period of time and their quality of life would depend on how much money was left at the end of each month. Life insurance was the other product that people would take out at this stage; most people arranging this through their financial adviser. It’s designed to pay out a sum of money that is at least the amount of money left on the mortgage at the time of death. However, not many people would ever take out permanent health cover, which to me seemed equally as useful and probably more so to single people. Over the years there has been a much greater emphasis placed by financial advisers on recommending this product as medical advances have meant that you are a lot less likely to die but could well live with an illness or incapacity that could stop you from working when there is still outstanding payments left on your mortgage.
Tags: Amount Of Money, Financial Adviser, Financial Advisers, Health Cover, How Much Money, Incapacity, Insurance, Interest Rate, Life Insurance, Many People, Medical Advances, Money Mortgage, Mortgages, Period Of Time, Permanent Health, Quality Of Life, Sum Of Money, Time Of DeathA short term bridge loan may be just what the doctor ordered if you are having trouble making ends meet. A short term bridge loan helps you to bridge the gap between your expenses and income. A bridge loan is not a long term solution, but it is an excellent short term solution to your money problems. If for some reason your income has been eclipsed by your expenses, you may need to borrow money to pay for those additional expenses until you get paid again.
It happens. For example, maybe a once-a-year payment has come due that you have simply not had the money to save up for it. House insurance, property taxes, or annual life insurance are all examples of when this can happen. Unfortunately, paying those things is not optional especially if you want the service! Or maybe it is simply a mistake in your monthly budgeting and you find yourself short of cash one month. This happens to people during the Christmas season. Or maybe there was a once in a lifetime opportunity you couldnt pass up but now youre paying for it! No need to worry about it! Theres a solution.
Instead of defaulting on your expenses, you can now pay them with a short term bridge loan, then pay back the short term bridge loan over time.
A short term bridge loan allows you to take control of your finances again. But it comes with a warning!
Be sure that repaying your short term bridge loan is possible within your current budget! You dont want to have to take out a bridge loan to pay for your bridge loan! Secondly, if you are taking out bridge loans every month or two (even if you are paying them off regularly) that should be a warning sign that you have a budgeting problem that needs to be addressed. And when you have a budgeting problem, you either need to increase your income or decrease your expenses.
No one wants to live their life in poverty. Theres no need to be hit hard by being a week or two short between your budget and your income. If thats the case, you can simply apply for a UK short term bridge loan as your solution!
Tags: Borrow Money, Bridge Loan, Bridge Loans, Budget, Christmas, Christmas Season, Crossing The Bridge, Gap, Insurance, Insurance Property, Life Insurance, Lifetime Opportunity, Long Term Solution, Mistake, Money Problems, Need Money, People, Poverty, Property Taxes, Warning Sign