A commercial mortgage may be described as the type of loan that is obtained on properties that are not your own residences. Buy to let advances may be classified as high volume commercial mortgages. Money lenders and bankers remain cautious when advancing loans. They often take the property as security that the borrowers buy. It may be to the tune of seventy percent of the value of the property while a cash deposit for the balance amount of the purchase value may be asked. Those not having sufficient cash with them may offer additional security in the shape of other property that is considered as the equity. It can be a charge over other assets too like the shares or insurance policies. [Read more…]

Referred to as an insurance product since sold along with loans, credit cards or other financial documents; PPI, i.e. Payment Protection Insurance is aimed at ensuring interrupted payments. The borrowers are of the great benefit as the payments are ensured even due to their unemployment or sickness. But many times the policies are mis-sold without the knowledge of the concerned people about mis-selling. That’s where the sufferers need to make PPI claim online even if the product was taken long back as there is no time limit for filing the claim. [Read more…]

To manage your personal, domestic, health and other types of expenses in routine life is really a challenging task. It is all due to ever-increasing prices of all the commodities, products and services. Even if you are earning handsomely, you may find it difficult to manage your expenses efficiently so as to be within your budget limits. This situation is faced by almost all people equally. Management of expenses is one of the most important tasks so as to keep any financial issues at bay. You may use tools to keep you on budget and also follow some simple tips as given below to manage your expenses efficiently and stick to your budget. [Read more…]