5 tips on how to stay on top of your finance & mortgage

Knowledge is power – People are living increasingly hectic lifestyles and this lack of spare time means many mortgage-holders put reviewing their finances and mortgage. Keeping on top of your money matters should be a priority and doesn’t necessarily have to be a laborious, time consuming task. And, the reality is that circumstances change – interest rates fluctuate, commodity prices fluctuates, our personal situations change, such as jobs and family affairs – so being equipped with knowledge about the health of your finances and planning ahead is a necessity to overcome most financial challenges in life.

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How to review your finance and mortgage

  1. Check your current statement(s) – to see what you’re paying, when any special deal or contract ends, what happens at the end of your deal or contract and the balance left to pay.
  2. Check if you’re still on a good deal – compare like for like current market deals or contracts.
  3. Check if and when you can switch – to get a better deal if available.  It makes sense to start shopping around a few months before any special deals ends. Switching can cut down your monthly payments but you’ll need to weigh up theses monthly savings or other benefits against the costs of making the switch.
  4. Make a list of all your incomes and expenses – prioritise your mandatory expenses and work on maximising your disposable income by reducing where necessary your lifestyle expenses.
  5. Make saving a habit – save as much as you can not just money but energy and the environment. Remember the saying ‘if you fail to plan, you have already plan to fail’.

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Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Remortgaging soars by about 13% with competitive rates

The number of people remortgaging has soared to a two-year high as homeowners take advantage of lenders’ end-of-year price war to lock into a good deal.

A total of 37,769 mortgages were approved for people switching to a new deal in October, 12.7% more than in the same month of last year, according to industry body UK Finance.

Mark Harris, chief executive of mortgage broker SPF Private Clients, said: “As we head towards the end of the year, and lenders jostle for what business there is out there, there are some incredible deals on the market to attract borrowers.”

There was also an increase in the number of mortgages approved for house purchase, with these rising 3% year-on-year to 46,631, despite the uncertainty caused by the General Election and Brexit.

End of year competition among lenders is great news for anyone looking to remortgage.

Halifax is currently offering a two-year fixed rate mortgage of 1.08% for people with a 40% deposit, while NatWest is offering a two-year deal of 1.25% for those with a 25% deposit.

Rates ate only slightly higher for homeowners who want to fix for five years, with Virgin Money offering a deal of 1.46% for people borrowing 65% of their home’s value.

Nationwide, Halifax, NatWest and Royal Bank of Scotland all have five-year fixed rate loans with rates below 1.6%

Source: Zoopla Property News

 

Thinking of buying a property?

Need help with property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Home energy saver: Consider your curtains

Heavy curtains with good lining will help to retain the heat in a room and thereby save you energy and money on heating bills.

Remember to draw your curtains at dusk to reduce the heat escaping through your windows and ensure they are not blocking any radiators.

Thinking of buying a property?

Need help with property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Home energy saver: Buy green appliance

Most home appliances are switched on 24hrs a day or used everyday and as such uses the most energy and cost the most money to run in the home.

The next time  you have to replace your fridge, freezer, washing machine or dishwater, shop around to find one with a A or A+ energy rating. As these appliances use less energy, they also cost less to run. When buying a new appliance, look for the Energy Saving Trust Recommended logo, which proves the appliance has met rigorous standards to qualify for the Energy saving Trust’s scheme.

Energy saving washing machines have to be AAA-rated to qualify, gaining an A in energy efficiency, spin efficiency and wash performance. Home appliance are used everyday, fridges, freezers are switched on 24 hours a day, so if you still have an old appliance, you’re sure to be wasting energy and money.

 

 

 

Need help with property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

 

Save energy before you spend

There are some simple practical tips to save money on your bills at home. If you put all of the money you’ve saved to one side, your dream holiday will become a reality in next to no time. Try these top tips and you could save an average of £300 per year on energy bills.

eco-house

  • Use energy saver light bulb – Each bulb could save you up to £7 per year. Replace 15 bulbs and that could save you over £100. Now you can get stylish, dimmable and warm light energy saver bulbs so you don’t have to compromise on the mood of your rooms or style either. There is an energy saver equivalent for nearly all light fitting types, including halogen.
  • Insulate your home – 40% of heat is lost through walls, windows, doors and the ceiling. insulate your home properly, and you’ll be able to turn down the thermostat.
  • Turn the heating down – By turning your heating down by as little as 1°C you can save up to 10% on your energy bills. Only heat the rooms you use when you use them.
Home energy
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  • Switch it off – On average we waste £50 per year by leaving appliances such as TVs and DVD players on stand-by. Use 24 hour timer switches, motion sensor light control and energy saver remote control sockets to turn appliances off at the source.

 

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Property move: Booking your removals company

Whether you are going to go the whole way and get a removals company to do it all for you, do it yourself or go half-and-half option, you should start planning as soon as you have had an offer accepted.

 

Moving house is the perfect opportunity to clear out the cupboards and de-clutter to get rid of items you no longer need. Make some phone calls or get online quotes from at-least three or four companies operating in your area. The earlier you start doing this, the more time you will have to compare services and prices.

Be honest about the amount of furniture and other items you need to move so they can give you an accurate quote and allocate the correct size van or lorry and number of staff to send on the day.

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk