Don’t borrow trouble when looking for a loan

loan

At the end of 2006, Great Britain finally settled a loan debt from the USA of $83m – a loan which was issued at the end of World War II.  Most people, at some point in their lives, will obtain a personal loan to buy a car, pay for a vacation or to cover expenses such as home improvement.  Although, thankfully, most loans are paid off somewhat quicker than that of Great Britain, the number of people defaulting on personal loan payments has doubled in the last few years. A…

Something to write home about – the definitive guide to mortgages

guide-to-mortgages

Unless you’re royalty or part of the Hollywood A-List set, there’s a good chance that, at some point, you’ll need a guide to mortgages in order to buy a home.  For most of us, this is the biggest financial commitment we’ll ever make and one which should never be taken lightly.  A mortgage – literally translated as ‘death pledge’ is a loan which is granted by a bank for a home purchase and is repaid over an average of 25 years.  The loan or mortgage is guaranteed by the property…

How much insurance protection do you really need?

insurance-protection

It was recently revealed that American stalwart, Starbucks, pays out more in employee health insurance protection than it does on its coffee.  Although health insurance is an essential part of life, we now live in a world where pretty much anything and anyone can be insured – from treasured possessions to body parts.  With the baffling array of insurance options available, it’s easy to get confused about which ones – and how much – you need as a regular citizen.  To help untangle the web of insurance options, we’ve put…

The Definitive Guide To Buying A Home

buying-a-home

So, you’ve decided that it’s time for buying a home.  For many people, the prospect of buying their first home can be daunting and filled with endless documents featuring indecipherable language.  If you don’t know your amortization from your appraisal, don’t panic – we’ve put together the following guide to tell you (almost) everything you need to know. Money, money, money Before you start browsing those real estate sites, it’s time for a reality check.  Shopping for your first home can be really exciting but, first, you need to take…

Bite sized credit cards for the Big Apple

credit-cards

For many of us, credit cards are an integral part of our annual budgeting – whether you use your card to help stretch your monthly bills or, save it for your annual vacation, it’s hard to imagine life without them. Despite this, you may be surprised to learn that the first ever credit card could only be used in restaurants in New York city. Credit isn’t hard to swallow Frank McNamara of the Hamilton Credit Corporation introduced the Diners’ Club Card in 1950 after arriving at the Major’s Cabin Grill…

Ain’t nothing going on but the rent – is buy to let a good idea?

buy-to-let

We’re always told that, when it comes to investment, the smart money’s on property; something that became apparent with the introduction of specialist buy to let mortgages in the 1990s.  There’s no doubt that property is still a sound investment but, with increased regulations and guidelines, is buy to let still all it’s cracked up to be?  We’ve put together our guide to everything you need to know before embarking on a buy to let purchase. Put simply, buy to let is the process whereby an individual purchases a property…

The changing face of consumer banking

Thankfully, the friendly face of consumer banking has moved on in leaps and bounds since that time, with a number of improvements for customers.  We take a look at some of the last decade’s banking innovations: Fees In recent years, banks have begun to recognize that charging customers for a baffling array of ‘misdemeanors’ such as temporary overdrafts is neither fair nor helpful.  In 2019, most banks either waive these fees or, put in the effort to make them 100% transparent for their loyal customers. Contactless Because entering a number…