Articles by James Miller on ArticleSnatch.com

Keep It Simple : Your Credit Report

Sat, 02 Feb 2008 00:00:00 -0500

This article mentions a number of terms commonly used with this topic. Here is a range of definitions. Equifax is one of the major UK credit reference agencies. Equifax pulls together all your financial details from a number of sources to form a file that details your personal credit history - i.e. your credit report. Should you fill out an application for any form of credit, loan companies will investigate you report to see your financial record. You could request a printed copy of your file when ever you like in order to know that everything is the way it should be. The Equifax online website has a lot of useful instructions on making proper credit choices and guarding yourself from fraudulent practices. Experian is one of the major UK credit reference agencies. Loan providers will refer to credit referencing agencies to determine the qualifications of an applicant by looking at their financial past. This is referred to as a credit report. **End Summary** Topics: credit rating]]> credit score]]>]]> About the Author: ]]> James Miller has plenty of experience writing excellent and helpful articles not just related to multi car insurance and mortgage deals but also in some manner related to uk debt consolidation loans .

Key Points About Credit Report

Sat, 02 Feb 2008 00:00:00 -0500

This article mentions a few terms commonly used with this topic. Here are some definitions. Equifax is one of the major UK credit reference agencies. Equifax pulls together all your credit details from various sources to establish a file that details your personal financial history - i.e. your credit report. If you make an application for any sort of credit, lenders will check your credit file to know about your financial past. You can apply for a printed copy of your credit file at any point so that you can confirm that everything is correct. The Equifax internet website has plenty of practical information on making proper financial decisions and guarding yourself from fraudulent practices. Experian is one of the major credit referencing agencies in the UK. Loan providers will consult a credit reference agency to determine the suitability of an applicant by looking at their credit history. This is known as a credit report. As with every consumer, you might apply for a copy of your report from Experian so that you can confirm that all the facts and figures on it are correct and that your financial details have not been used in a fraudulent manner. **End Summary** Topics: credit rating]]> credit score]]>]]> About the Author: ]]> James Miller has spent a long time writing helpful articles not simply about high risk unsecured loan and personal loan case but also in some way and manner about loans secured personnel property .

Your Financial Guide To Bank Credit Score

Thu, 31 Jan 2008 00:00:00 -0500

This article mentions various terms commonly used with this topic. Here is a number of definitions. A default is meant to refer to where you have not fulfilled your credit agreements. In the event you have neglected a payment on a mail order account, as an example, they might place a Notice of Default on to your credit file. This will not look good on your file at some point should you wish to apply for more credit. A 'CCJ' actually refers to County Court Judgement. This refers to a legal judgement from a County Court in connection with someone who remains in debt to a third party (an individual or business) or where they have failed to meet the provisions of a contractual credit agreement. The Judgement will set an acceptable instalment strategy with the intent that the person in debt can repay the money they owe. These judgements are registered on official public record and will have an influence on the debtor's opportunities of accessing any further credit for the following 72 months. Equifax is a chief credit referencing agencies in the UK. **End Summary** Topics: credit rating]]> credit score]]>]]> About the Author: ]]> James Miller is a prolific writer who has spent the time to produce very useful and useful articles on different topics for example financial loan and other subjects in some way related to best uk unsecured loan and transferring personal loans .

Simple Guide To Free Debt Management Advice

Fri, 25 Jan 2008 00:00:00 -0500

The National Debt Line is a nationwide phone-in helpline. It provides 'no-cost', individual and discrete counselling to individuals on settling debt struggles in the UK. Their helpline is available seven days a week and they also have an internet site that offers lots of valuable help and advice on it. The National Debtline is an element of MAT (the Money Advice Trust, which is a registered charitable organisation. MAT (the Money Advice Trust) supplies individuals an ordered program to handling serious personal debt problems so that they'll get control of their money. Prior to tackling the main body of the article, here is a number of definitions of common terms relevant to the matter. A bad debt is any kind of borrowing where the money has not been paid back in compliance with the terms and conditions of the loan agreement. A debt can be categorised as bad where it is not probable that the lender will ever be able to recoup the money. A bad debt on your credit file will make it more difficult if you want to borrow money at a future point. **End Summary** Topics: debt management]]>]]> About the Author: ]]> James Miller has various insightful and significant articles that offer very helpful information not just about levelhead loans but also others relevant to been refused unsecured loans and personal car loans .

The Basics Of The Remortgage Process

Wed, 23 Jan 2008 00:00:00 -0500

Ways that the web may benefit you if you are searching for a remortgage When you are seeking to remortgage, it may be complicated understanding who is presenting the most beneficial deals. Though you could see commercials on television about a deal for remortgaging, how can you be sure that you won't uncover a better deal to be had in the financial marketplace? The solution is to is to check out the internet. The internet is a invaluable asset where you are able to uncover all you must know related to remortgaging as well as the various products you can get. There is huge amount of information on remortgaging on the internet plus, free remortgaging guides. The internet offers you free and open access to multiple providers offering deals on remortgaging meaning that you may compare and contrast multiple providers' products quick and simple. Plenty of online sites - specifically the personal finance aggregators - can present you with an almost instant quote for free so that you may figure out the cost of a remortgage repayment.And because all information on remortgaging is on the web, you are sure that the remortgage packages are the most recent. **End Summary** Topics: remortgage]]> mortgage]]>]]> About the Author: ]]> James Miller has also written other useful articles not just related to refused tenant loan , but also various articles, about loans with bad credit score and car loans companies .

Financial Guide To Saving Money On Your Mortgage Cost

Wed, 23 Jan 2008 00:00:00 -0500

A standard variable rate mortgage loan (also known as SVR for short) is the standard lending rate offered by mortgage companies. It has a tendency to coincide with the Bank of England Base Rate, going higher and lower a long with it. Mortgage providers. will most likely charge you 1% or 2% above the Base Rate as their SVR. That means that in the event the Base rate becomes higher, so will your mortgage, that's why it's called 'variable' as your monthly payments can vary. A fixed mortgage is when the rate of interest on your mortgage is set for a determined term. It offers the borrower a degree of comfort knowing that their mortgage repayments will not go up and down before the end of that term freeing them budget their finances properly. When a fixed rate mortgage length of time has come to an end, the mortgage rate will revert to a standard variable mortgage. A tie in period on a property mortgage is when you are linked to the lender for a predetermined amount of time. **End Summary** Topics: remortgage]]> mortgage]]>]]> About the Author: ]]> James Miller has written plenty other articles that are either directly relevant to immediate bad credit loan and car loan calculator or related to car insurance search engines .

An Introductory Guide To Home Remortgage

Mon, 21 Jan 2008 00:00:00 -0500

To completely understand this article, here is a number of definitions of common terms you will come across. An arrangement fee is an amount that is charged by a loan or mortgage provider or broker when you take out lending such as a loan or mortgage. It is to recoup their expenses in setting up the loan. A number of loan providers will provide this without cost so as to encourage more customers. A self-certified mortgage is a mortgage designed for persons who have no way to prove their salary for example, the self-employed, company directors, freelance consultants and sub-contractors etc. With any self certified mortgage, it is not necessary to furnish payslips or Accountants' statements. Given that more people than ever are now considered to be sole-traders, self certified mortgages are now more generally obtainable and at lower interest fees than in the past. An early redemption penalty is a penalty that you will be obligated to pay should you settle lending, such as a loan or mortgage, prematurely. When looking into credit options, it is wise to research the early redemption clause. **End Summary** Topics: remortgage]]> mortgage]]>]]> About the Author: ]]> James Miller has also written other helpful articles not just about bad credit car loans , but also other articles, related to car loan consolidation and compare car insurance quotes .

Basic Guidelines for Unsecured Loan Companies

Thu, 17 Jan 2008 00:00:00 -0500

Before reading this article, here is a range of definitions you could very well find useful. A credit check is a search executed by a possible loan provider to evaluate your eligibility for borrowing. Loan providers will check out your credit record to understand your current and past financial obligations. Loan providers can then give you a credit score to see whether the fashion in which you handle you financial matters meets their requisites for borrowing. A Credit Score (Credit Rating) is an approach that would-be lenders use for appraising the credit suitability of a borrower. Loan providers will investigate the prospective client's credit file, the facts and figures within their credit application and the specific loan requested. Loan providers will then utilise a numerical scoring equation to establish the degree of 'risk' attached to lending to the would-be borrower. Prime lenders are best suited for those who have developed a very good credit history. Prime lenders typically offer the best interest rates and also the lowest fees for borrowing money, dependant on you fulfilling their prerequisites. **End Summary** Topics: unsecured loan companies]]>]]> About the Author: ]]> James Miller has a lot of experience writing good and insightful articles not just about auto loan and cheapest apr unsecured loans but also in some way relevant to consolidation personal loan .

What You Need To Understand About Debt Consolidation Loans For Bad Debts

Wed, 16 Jan 2008 00:00:00 -0500

To totally understand this article, here is a number of definitions of common terms you could come across. Unsecured debt consolidation loans : An unsecured loan - also called a personal loan - is where you take out a loan without being required to provide security against it such as your home or car. Unsecured loans are appropriate if you wish to take out a loan for a small amount of money. rates tend to be a bit higher than if you arranged to borrow it as a secured loan. This is because, with a secured loan, the loan company is more certain about recouping their money in case you default on payments. Secured debt consolidation loan : A secured loan is where you borrow funds and the loan is secured against some sort of asset such as your home or your car. This means that if you fail to pay the monthly repayments, the loan company is able to seize your asset so that they can recover what they lent you. Secured loans tend to be more favourable if you are looking to get larger amounts. **End Summary** Topics: personal loans]]> loans]]> bad credit loans]]>]]> About the Author: ]]> James Miller is a very prolific writer with various useful and interesting articles on many subjects of interest including advantages of secured loan , best remortgage rate and other, about tenant loan company .

Basic Guide To Mortgages Financing With Bad Credit Rating

Sat, 24 Nov 2007 00:00:00 -0500

I would like to begin this article by giving various definitions of terms used. A bad credit mortgage is also known as an adverse mortgage, a non-conforming mortgage or sub-prime lending. Bad credit mortgages are mortgages for individuals who have had financial problems before and now have a bad credit rating and now it is an uphill battle for them to be approved a normal mortgage. The bad credit rating could be because of defaulted or over due obligations on earlier or existing financial agreements. When you hear the term a 'sub prime' lender, this is a lender who offers loans to borrowers with damaged or bad credit scores. The usual borrower of a sub prime lender would be a person who finds it difficult to take out money from other conventional lenders. This is because of them running into financial struggles at some point in their lives and now having a poor credit score. Sub prime mortgages are also known as Non conforming mortgages. **End Summary** Topics: mortgage]]> mortgages with bad credit]]>]]> About the Author: ]]> James Miller also writes on various subjects regarding offset mortgages , consolidation loan without property and regarding loan agreement .

Guide To Fast Guaranteed Student Loans

Sat, 17 Nov 2007 00:00:00 -0500

For students who are unable to get student loans, the fun and kicks of college might be virtually non- existent. Tuition and books are only a fraction of these financial challenges. Imagine the number of payments you will be making if you have quit living with your parents. Copying with various courses as well as paying for upkeep can be really tedious and virtually impossible without student loans to help. Be ready to work hard to get this loan because there are certain requirements involved. The first time may not be easy though. Due to the fact that the Federal student loans have the backing of the government, you won?t have to pay high interest rates. Credit worthiness will be necessary as they will determine the student loan rates and since the government doesn't back these private student loans, the interest rates will be higher.Your interest rates can come in 2 forms-- subsidized and unsubsidized. Except if the interest is being paid by another person that is when rates may accrue while the student who takes the loan is still enrolled in school. **End Summary** Topics: loans]]> student loans]]> college loans]]>]]> About the Author: ]]> James Miller has also written other helpful articles not simply relevant to fast personal loans , but also other articles, relevant to fast personal loans .

Mortgage: First Time Buyer Tips

Tue, 28 Aug 2007 00:00:00 -0400

Taking out a mortgage is always a huge decision. With interest rates varying and different mortgages to choose from there are right ways to go about getting a mortgage and ways you shouldnâ€'t. Taking your mortgage from the salesman who makes commission from selling is not the best way to go. In many cases, they are going to sell you the costliest deal possible so always shop around and to get an idea of the best deals available. That way you will be better informed should you choose to use a broker or financial adviser. Some companies will include mortgage payment protection insurance (MPPI) along with your mortgage but you should realise that in most cases, this isnâ€'t compulsory. By including the cost of mortgage payment protection insurance in your mortgage, it can boost up the price by hundreds of pounds. Again by shopping around you can purchase MPPI independently at a much lower cost. Of course if you are looking for a 100% mortgage it will cost you more. By going, say, for a 95% mortgage with a deposit, your options are more open with greater savings being made on the repayments. **End Summary** Topics: mortgage]]>]]> About the Author: ]]> More information : http://www.remortgage-compare.co.uk http://www.debt-consolidation-remortgage-online.co.uk http://www.poor-credit-remortgage.com James Miller is a freelance writer specialised in consumer credit, covering topics such as how to deal with bad credit, mortgages and insurance. He aims to help people navigate the financial industry.

How To Prepare Yourself To Become A Homeowner

Mon, 27 Aug 2007 00:00:00 -0400

If you are looking to get that all important first step on the property ladder, then you need to prepare yourself financially. By making preparations, you will help boost your credit rating. Having a good credit rating will give you a wider choice of mortgages and will heighten your chances of getting accepted by a lender. So what steps do you need to take? First of all, open a high interest bearing savings account. You can then use this account to start building a deposit as well as have money put aside for all the costs associated with buying a home. This will benefit you in two ways. The first way is that the bigger the deposit you have and you should aim for at least 5% of the anticipated purchase price the more mortgage products that will be available to you. Someone with a 10% deposit will have more mortgage options available to them than someone with a 5% deposit so save as hard as you can. The second benefit of having a savings account is that it will look good on your credit file as it demonstrates responsible money management. **End Summary** Topics: mortgage]]>]]> About the Author: ]]> More information : http://www.subprimeremortgage.com http://www.debt-remortgage.com http://www.debt-consolidation-remortgages.co.uk James Miller is a freelance writer specialised in consumer credit, covering topics such as how to deal with bad credit, mortgages and insurance. He aims to help people navigate the financial industry.

Getting on The Ladder: Extra Mortgage Costs?

Tue, 21 Aug 2007 00:00:00 -0400

Sadly, paying your monthyl repayment is not the only financial consideration you have to make when you take out a mortgage. There are many extra costs and considerations too. Here we take a look at the main ones... 1. Application fees Many of the best mortgage deals come with an additional fee. This can be anything from Â£200 up to Â£600. You will need to pay the fee upfront when applying. 2. Valuation fees and surveys Mortgage lenders will arrange for a surveyor to come and inspect the property you wish to buy to ensure that it is worth the asking price. They will also check that there are no obvious reasons why the lender should not give you a mortgage based on what the surveyor sees. The cost for this can range from a few hundred to several hundred pounds depending on the type of property you are looking to buy. It is worth considering paying to have an additional survey done on the property to ensure that it is structurally sound. A basic survey will costsaround Â£300 while a full structural survey will be around Â£800. 3. Solicitors fees Legal fees cost around Â£1,500 for a purchase. **End Summary** Topics: mortgage]]>]]> About the Author: ]]> More information : http://www.bad-credit-remortgage-companies.com http://www.360debtconsolidationremortgage.co.uk http://www.debtconsolidationremortgage.co.uk James Miller is a freelance writer specialised in consumer credit, covering topics such as how to deal with bad credit, mortgages and insurance. He aims to help people navigate the financial industry.

The Property Ladder: New Types Of Mortgage

Tue, 21 Aug 2007 00:00:00 -0400

Recently, there have been some new types of mortgages available which give you more options as to how you pay back the money you owe. These new mortgages are: flexible, current account and offset mortgages. So how do they work? Flexible mortgages Basically, a flexible mortgage allows under and overpayments. Most will normally allow you to pay around 10% a year more than necessary. So, you can pay your mortgage off earlier. Or, you can take back some of the money that you have overpaid if you need to by taking a 'payment holiday'. Terms vary from lender to lender as to getting back overpayments, so do check with a prospective lender as to how their product works. Current account mortgages and offset mortgages work on the principle that you can pay less in interest by combining various aspects of your finances. As we all know, typically we get less interest on our savings than they we pay for our debts. These mortgages try and turn this around a bit. Current account mortgages Current account mortgages are basically one very large overdraft. How it works is that all your debts are combined with all your income in to one account. **End Summary** Topics: mortage]]>]]> About the Author: ]]> More information : http://www.remortgage-with-bad-credit.com http://www.debt-consolidation-remortgage.co.uk http://www.bad-credit-remortgage-1.com James Miller is a freelance writer specialised in consumer credit, covering topics such as how to deal with bad credit, mortgages and insurance. He aims to help people navigate the financial industry.

The Property Ladder: Mortgage Interest Rates

Tue, 21 Aug 2007 00:00:00 -0400

Now that you understand the various ways that a mortgage can be repaid, you need to look at the way the interest is charged on your mortgage. Your aim is to pay as little interest as you can on your mortgage, so interest rates are the most important part about buying a house. You need to decide which type of interest charging you want your mortgage to be so that it best suits your circumstances. Standard variable rate A standard variable rate (SVR) mortgage is linked to the Bank of England's base rate. Therefore, it moves up and down in line with it. This means that when the Bank of England raises or cuts interest rates by a percentage point, typically your mortgage rate will go up or down by a similar amount. SVR mortgages mean that the amount you repay on your mortgage can vary, so while it may be affordable for you now, if the Bank of England rate increases steadily, so will your mortgage. It means that you have to be prepared to pay more for your mortgage. This is not good if you are on a tight budget. **End Summary** Topics: mortgage]]>]]> About the Author: ]]> More information : http://www.360mortgage.co.uk http://www.mortgage-affiliate.co.uk http://www.bad-credit-remortgage-companies.co.uk James Miller is a freelance writer specialised in consumer credit, covering topics such as how to deal with bad credit, mortgages and insurance. He aims to help people navigate the financial industry.

Find The True Cost Of Your Mortgage

Mon, 20 Aug 2007 00:00:00 -0400

When comparing mortgages, it isnâ€'t just a case of looking at the difference in interest charging and choosing the one with the lowest rate. There is so much more you need to consider finding out the true cost of a mortgage. First of all, how much is the arrangement fee? This can vary from lender to lender. Sometimes it will be a flat fee of around Â£500. With others it can be a percentage of the loan amount. With the latter, as an example, a charge of 1.5% of the loan amount as a fee equates to Â£2,625 on a Â£175,000 mortgage. Also look at valuation, legal, early redemption costs and exit fees. Some providers will offer a free valuation or similar as an incentive for you to buy their product which could save you money. Do bear in mind that overall, high charges do not necessarily mean that the mortgage product is a no-go. If you have a bigger mortgage it is more likely in the long run that youâ€'d be better off choosing one with higher charges and a lower interest rate. **End Summary** Topics: mortgage]]>]]> About the Author: ]]> More information : http://www.cappedratemortgage.co.uk http://www.debt-consolidation-remortgage-uk.co.uk http://www.5starmortgages.co.uk James Miller is a freelance writer specialised in consumer credit, covering topics such as how to deal with bad credit, mortgages and insurance. He aims to help people navigate the financial industry.

Mortgage: Help For First Time Buyers

Mon, 20 Aug 2007 00:00:00 -0400

Putting that very first foot on the property ladder is getting harder and harder for First Time Buyers (FTBâ€'s for short). With house prices rocketing, if you are a wannabe FTB, finding the money to buy your own home is nigh on impossible. So what options are there for people looking to buy their first home? One option is to buy with a friend. A lot of room mates who have rented together now are buying together. It makes sense and by having two incomes instead of one, you may be able to get a mortgage okay. Obviously, you will need to discuss â€˜what ifsâ€' beforehand. For example, what will happen if one person wants to sell but the other doesn't? So do set the ground rules and ensure that you each have your own solicitor to look over the legal documents. This means that you are both protected should the friendship go wrong. The lodger mortgage There are now mortgages available which take in to account anticipated extra income from having a lodger. A homeowner can earn up to Â£4,250 a year tax-free under the Rent-a-Room scheme. **End Summary** Topics: mortgage]]>]]> About the Author: ]]> More information : http://www.mortgages-uk-mortgage.co.uk http://www.repayment-mortgage-for-uk.co.uk http://www.australianmortgage.co.uk James Miller is a freelance writer specialised in consumer credit, covering topics such as how to deal with bad credit, mortgages and insurance. He aims to help people navigate the financial industry.

First Foot On The Property Ladder

Sun, 19 Aug 2007 00:00:00 -0400

So you have decided to get a mortgage - which is probably the biggest financial commitment you will ever make. Here is some basic information on mortgages so that you can make the right choices. First of all, you need to work out how much can you borrow. Normally, if you are buying on your own, a mortgage provider will lend you around four times your gross salary. So, for example, someone on Â£25,000pa could borrow up to Â£100,000. There are some lenders that will offer you more but they will charge you a higher interest. If you are buying with a partner or friend, then you can expect the lender to add their gross salary to the amount that you can borrow. So, using he figures in the example above, with a partnerâ€'s salary of say, Â£23,000, together you could borrow around Â£123,000. Some lenders calculate how much they are prepared to allow you to borrow by lending you three times your joint income. Using the figures in the example above, this would mean that you could get a slightly bigger mortgage - Â£144,000. **End Summary** Topics: mortgage]]>]]> About the Author: ]]> More information : http://www.cheap-mortgage-search.co.uk http://www.uk-compare-mortgage-rates.co.uk http://www.360-mortgage.co.uk James Miller is a freelance writer specialised in consumer credit, covering topics such as how to deal with bad credit, mortgages and insurance. He aims to help people navigate the financial industry.

Beginner's Guide To Personal Loans

Sun, 19 Aug 2007 00:00:00 -0400

Personal loan is what it says, a loan for you to spend as you wish. Many people use them to pay for a car, a dream holiday, home improvements, or even to pay off crippling credit card bills in one go, so allowing you to spread the repayments over a longer time at a lower interest rate. Here are the key questions to ask before making your mind up. How much can I borrow? Generally up to Â£15,000 - but some can go as high as Â£25,000 - but remember you have to be able to afford the repayments. You can often get approval in principle over the phone with the money available in just a few days. For how long? It depends on the lender. Some will lend for as little as six months, although a year is more common. Maximum length is usually seven years, but some firms will lend over ten years. Personal loans make most sense for people who want to repay something over a few years, if you only need the money over, say, six months, using your credit card probably makes more sense. Where are the best places to go? **End Summary** Topics: loans]]>]]> About the Author: ]]> More information : http://www.360loans.co.uk http://www.apply-for-personal-loans.co.uk http://www.for-personal-loans.co.uk James Miller is a freelance writer specialised in consumer credit, covering topics such as how to deal with bad credit, mortgages and insurance. He aims to help people navigate the financial industry.

Mortgage: The Danger Of Over Stretching Your Finance

Mon, 13 Aug 2007 00:00:00 -0400

Borrowing more and more money for a mortgage is getting easier, with some mortgage providers offering mortgages up to four times your salary. However, while on paper it may look like you can afford a mortgage based on a high income multiple such as above, you could run the risk of over stretching your finances and getting seriously very seriously in to debt. Nothing in life in certain and with the days of a job for life well and truly over and unemployment on the rise, some time down the line you may find yourself in financial difficulty and not able to meet your monthly mortgage repayments. Also, while you may be able to afford your monthly mortgage repayments now, rises in the Bank of England base rate could mean that your mortgage repayments become unaffordable in the near future. So what can you do to take steps to ensure that you can pay your mortgage and remain financially comfortable? First of all, draw up a budget of your outgoings and incomings. Include everything from car insurance to petrol; food to clothes; entertainment to the cost of haircuts etc. **End Summary** Topics: mortgage]]>]]> About the Author: ]]> James Miller is a freelance writer specialised in consumer credit, covering topics such as how to deal with bad credit, mortgages and insurance. He aims to help people navigate the financial industry. More information : http://www.building-society.org http://www.remortgage-bad-credit.co.uk http://www.5starmortgagebroker.co.uk

Switch your mortgage today

Sun, 12 Aug 2007 00:00:00 -0400

Having taken out a mortgage, you are not locked into that particular loan for the full mortgage term. Lenders compete fiercely for your custom and you may be able to reduce the cost of your mortgage by switching to a new lender. Against this you must set the costs of making the switch. These might include: valuation, legal and land registry fees; arrangement fee and mortgage indemnity insurance premium charged by the new lender; discharge fee, deeds fee and any early redemption charge levied by the old lender. The costs can easily come to Â£1,000 or more, but the savings can be substantial too. For example, each 1 per cent cut in the mortgage rate on a 25-year Â£50,000 loan could save you around Â£360 in interest each year. Although this is not widely advertised, rather than losing you to another lender, your existing mortgage lender might be willing to give you a better deal: for example, by extending to you discounted rates normally available only to first-time buyers. It is certainly worth talking to your existing lender before going ahead with any switch, since it will cost you less to stay put. **End Summary** Topics: mortgage]]>]]> About the Author: ]]> James Miller is a freelance writer specialised in consumer credit, covering topics such as how to deal with bad credit, mortgages and insurance. He aims to help people navigate the financial industry. http://www.baseratetracker.co.uk http://www.5starbuildingsocieties.co.uk http://www.building-societies.org

Endowment Mortgages

Sun, 12 Aug 2007 00:00:00 -0400

Endowment mortgages are an interest-only mortgage linked to an endowment policy, which can work either on a with-profits or a unit-linked basis. If the investment in the endowment policy grows at a reasonable rate, it is anticipated that the policy will produce enough to pay off the loan at the end of the mortgage term and even leave you a bit of extra cash as well. But there is no guarantee that this will happen. In September 1999, the Association of British Insurers (ABI) introduced a code of practice to ensure that endowment mortgage holders were given regular information about the progress of their endowment policy towards paying off the mortgage. Under that original code, it was envisaged that information would be needed only in the later years of the mortgage and then only at five-yearly intervals. The inadequacy of this approach became clear as the stock market started its long slide at the start of 2000 and, from July 2001, a new code came into force requiring endowment providers to send out review letters much more frequently: Â· The first review should be no later than three years after the start of the endowment mortgage. **End Summary** Topics: endowment mortgage]]>]]> About the Author: ]]> James Miller is a freelance writer specialised in consumer credit, covering topics such as how to deal with bad credit, mortgages and insurance. He aims to help people navigate the financial industry. http://www.endowmentcompensation.co.uk/ http://www.endowmentclaims.co.uk/ http://www.endowment-compensation.co.uk/

Get a Mortgage With Bad Credit

Tue, 07 Aug 2007 00:00:00 -0400

In the old days if your credit history was less than perfect, the only mortgage you would be offered would be one with extortionate interest rates from a shady broker. Nowadays, there are more sympathetic lenders who will offer you a bad credit mortgage without charging you sky-high interest charges. And because there are more lenders out there now offering these non-standard mortgages, it has driven the interest rates on them down which is good news! The term ˜Bad credit' can be anything from County Court Judgements (CCJ's) on your credit file to something like having missed a mobile ˜phone payment or made a few mortgage payments late. More and more people now have a ˜bad' credit file. Rising inflation and credit companies making it easier for people to borrow means that just because you have a bad credit file, you are not rubbish with money! So, what can you do to get a mortgage, without being ripped off by greedy lenders? First of all, if you are considering using a mortgage for debt consolidation, do bear in mind that it will probably cost you more in interest in the long run. **End Summary** Topics: mortgage]]>]]> About the Author: ]]> James Miller is a freelance writer specialised in consumer credit, covering topics such as how to deal with bad credit, mortgages and insurance. He aims to help people navigate the financial industry. More information : bad credit mortgage Credit Report Explained How to improve you credit record

What is a Bad Credit Mortgage?

Tue, 07 Aug 2007 00:00:00 -0400

Things such as County Court Judgements (CCJ's) or a poor credit history can scupper the chances of you getting a personal mortgage because mortgage companies deem you a high risk. If you are self-employed, and even have a pristine credit history, you may find it just as difficult to get a mortgage due to your circumstances, which is unfair. However, there are more and more specialist mortgage companies that are sympathetic and able to offer bad credit mortgages to people - as well as mortgages for the self employed. Many of these companies do not charge excessively high interest rates as they have done in the past, meaning that you should be able to get a mortgage and pay a fairly realistic interest rate. Apart from the obvious benefit of taking out a mortgage for whatever purpose you need it for, having a mortgage can actually improve your credit scoring - making it easier for you to borrow money and get credit in the future! However, you will need to make your monthly repayments on time, and this will help improve your credit score over time. Of course, when choosing a bad credit mortgage, do shop around. **End Summary** Topics: bad credit mortgages]]>]]> About the Author: ]]> James Miller is a freelance writer specialised in consumer credit, covering topics such as how to deal with bad credit, mortgages and insurance. He aims to help people navigate the financial industry.