Category: Financial Management
What could a base-rate rise mean for your mortgage?
A much-anticipated rise in the base rate is fuelling concern among British homeowners that negative equity may become a lasting problem, with mortgage rates rising amid ever-falling house prices. Understanding how any change to the base rate might affect homeowners in the UK requires an understanding of the base rate itself, which has remained [...]
Basic Financial Planning – How To Better Manage Your Finance
It is easy to discuss financial planning in general terms. However, just as words have different meanings to different people, so does financial planning. There are some ideas that never vary. When discussing financial planning, the objective is to maximize wealth. Maximizing wealth does not mean a person has to become rich first. It also [...]
Choosing the best mortgage
Picking a mortgage can seem like a minefield, particularly in the current economic climate. Whereby at one time, customer lending was offered widely, now the range of mortgages available – and their lending conditions – have contracted fiercely. The housing economy is going through difficult times and has been for the past few years. [...]
Home Loan Management
Moving into one’s own home is a joy, which is to be felt not explained. It is utopia what with the poojas, house warming functions, searching for just the right furniture and fittings, praises you get for having taken care of the finer parts in construction and decorating the house and the pride in having [...]
Credit Cards – Brits Prefer Spending Money Than Saving It
British people appear to be far more ready to spend money than to save it, according to new figures. The latest research reveals that Brits spend twice as much time thinking about their credit card payments than their savings. The average British consumer spends up to £3,804 per year – or £317 every month – [...]
Debt Management And Estate Planning – How They Impact Your Finance
While managing investments is part of financial planning, it is far from the only thing you need to be thinking about. Factors such as risk management through insurance, optimizing your employee benefits and minimizing your taxes also come in to play, as do retirement planning, estate planning and debt management, says Norman M. Boone, founder [...]
Are prepaid cards the best way to pay on holiday?
Going on holiday always requires a fair amount of planning, particularly when travelling abroad as it’s important to sort finances beforehand and understand the best methods of payment while you’re away from home. There are a wide range of payment types available for travellers and each have their own benefits and disadvantages, including different [...]
Exposing “Credit Score” Myths
Each of us has a credit score, and all of us have our credit scored whenever we look to get a loan, a mortgage, an overdraft, a new credit card, a mobile phone contract, and even car insurance. Credit scoring dictates what financial products you can receive, and how good the terms of the deal [...]
Average Mortgage Fees Up By 20%
Mortgage fees have rocketed by nearly 20 per cent over the past year, research has revealed. The average arrangement fee has soared to more than £1,000, while the highest such fee is an eye-watering £3,800. Research by mortgage price comparison website Moneyfacts found the average charge has jumped by £151 over the past year to [...]
INVESTMENTS – Why Property investments is better.
With all that is going on right now in regards to the Global economic crisis, investments can prove to be a good or bad decision. While there are countless of testimonials and real life rags-to-riches stories, not all investors are guaranteed to experience the same outcome. These are trying times and every penny counts. Spending [...]
