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Whilst we aim to ensure that the details in the following blog entries are correct at the time of writing. However , please be advised that any references to legislation and taxation may become out of date.

Recent research has found that a remarkable 48% of mums don't have any life insurance cover at all.
The main excuses behind their lack of protection were not understanding it (30%), not having time to sort it out (30%) and believing it was an unnecessary cost (36%).
The Mums to rank a list of tasks in order of preference and found that most would rather change a dirty nappy than organise life insurance cover.
However, mums admitted that sorting our protection would be preferable to cleaning hair out of a plug-hole, going to the dentist and doing two weeks' worth of ironing!
Mums were asked if there were any other reasons they had decided not to take life insurance cover and revealed the following excuses:
Failing to find the right provider
A lack of trust in the insurance providers
Finding it hard to find a policy because of pre-existing medical conditions
Having death in service benefit cover at work
‘My husband has it so I don't need to'
It's a real worry that so few mums have life insurance cover. Whether they go out to work or are full time parents it's important that they have protection in place for themselves and not just their partners.

Sorting out life insurance cover doesn't have to take a long time or be complicated, but it is important to have in the event the worst should happen. Everyday tasks like washing, ironing, cleaning and doing the school run could all have to be paid for privately, and families should think about the value that stay-at-home parents provide and how they would cope financially with only one income.
While death in service benefits at work and the breadwinner having protection are good to have in place, neither of these things will provide the same level of protection if the worst should happen.
Families should make sure they fully take into account the value that both parents contribute and recognise that by ensuring they have sufficient life 
Posted: 12/04/2011 15:30:56 by Mark Williams | with 0 comments

Research has found that 22% of homeowners, amounting to 3.5m people, are unaware of how an increase in base rate would affect their monthly mortgage payments.

Despite increasing speculation that the base rate will soon rise, the survey showed that 16% of borrowers on their lender's standard variable rate and 13% of those on a tracker rate do not know what an increase would do to their mortgage costs.


A further 16% on standard variable rate and 18% on tracker rates said their payments would increase, but do not think it will necessarily be as much as the base rate increase.


In addition, 20% of borrowers on fixed rate deals were unsure of how a base rate rise would affect them, with 28% thinking that their mortgage payments would go up at some point after the base rate moves.


The research further found that 5% on fixed rates thought they would see an automatic increase.


Predictions of when the base rate will increase are drawing ever closer, but when it happens it will still come as a surprise to many homeowners.


The base rate increase is inevitable and when this happens homeowners need to ensure they are prepared for what it will mean for their personal finances. Those on tracker rates, Standard Variable Rates and even fixed rates are in the dark about how their personal finances will be affected by this change, meaning it's impossible for them to budget for the future.


It's vital for homeowners to regularly review their mortgage arrangements to ensure that they are on the best deal for them.


Posted: 11/04/2011 16:24:59 by Mark Williams | with 0 comments

The application fees charged by lenders for their mortgage products have risen by just over 15% in the last 18 months.

Data reveals the average application fee ( the fee that is paid by the applicant for a given interest rate) has increased by around £100 between September 2009 and March 2011.

Over the period, fixed product application fees rose by £97 on average, an increase of 14%, while fees for tracker deals increased by £118, a hike of 15%.

In recent years many lenders have been increasing application and booking fees in order to offer lower headline rates while maintaining margins.

The analysis shows booking fees ( the fee that is paid by an applicant at the point of application to secure a given interest rate) have risen marginally over the last 18 months, by £9 for fixed products and £7 for tracker products.

The different pricing structures used by lenders can be very confusing for consumers.

So it’s vital that prospective mortgage customers look beyond the headline rate otherwise they may end up paying back more than they bargained for. People often forget to look at the total cost and simply focus on the interest rate and what their monthly repayments will be when comparing mortgages. They fail to factor in the impact of the fee.

Borrowers need to shop around to make sure they get the right mortgage to suit their needs.

This is where employing the services of a mortgage intermediary (broker) like ourselves can help.

Posted: 05/04/2011 08:34:20 by Mark Williams | with 0 comments