classic mortgage mistakes
There are countless articles about getting the best mortgage deal, explaining how to do it right, from finding a product that meets your needs to bagging the cheapest rate.
But, in reality, there are probably half a dozen or more ‘right’ mortgages for most borrowers – all of which would be suitable, competitive and meet their needs. Even in this restricted, post-credit crunch mortgage market, there are still many homeloans out there to choose from.
What’s just as important as finding a deal that suits you is avoiding making an absolute clanger. It’s a case of borrower beware when it comes to taking out a mortgage, because getting it wrong can cost you thousands.
Below are five major mistakes that could lead you to the wrong mortgage:
Three reasons you may be underinsured
Many of us don't take out enough insurance. It can be a costly mistake.
It is very easy to have too much insurance. Everyone, everywhere always seems to be offering you cover for this or that. But plenty of us go the other way, leaving ourselves short of cover when we need it most. Let's take a look at three simple ways that you could leave yourself underinsured.
An annuity is a contract with a life insurance company that will pay you a guaranteed, regular pension income for life in return for a capital sum. The capital sum comes from your retirement fund. You will pay income tax and Universal Social Charge (USC) on the income that you receive. The amount of regular pension income you get depends on a number of things such as: the amount of money from your retirement fund that you […]Read More
Over 50’s Insurance
Over 50’s Insurance Guaranteed acceptance – no medical needed We understand that not everyone wants to go through the details of their medical history to take out a protection plan – we know that some people find this awkward. If you are aged between 50 and 80 and apply for 50+ Easy Life Cover, you will not be asked for any medical details or health history and we will not ask you to go for […]Read More