Life Insurance and the Law - A Layman's Introduction by Michael Challiner
There are no laws in the UK that require a person to have life insurance. It’s an entirely voluntary insurance. About 40% of the UK's working population are covered by life insurance either through their own policy or via an arrangement through their employer. ... This is particularly important within the life insurance industry as the companies store significant amounts of very personal information about you – including your age, health record and life style. ... You have to be a UK resident in order to buy a life insurance policy from a UK based insurance company.

Memo to Myself – I Need Keyman Insurance by Michael Challiner
Last month I had to drive down to London. I don't like driving at the best of times but the rain, spray and heavy traffic on the M1 made conditions difficult. Radio 2 kept me company and the heater kept me warm. Then I hit that queue - six miles solid and I was soon an hour behind schedule. ... Yep, my life insurance is up to date and my Will was renewed only last month. ... And they can provide insurance cover for most risks. ... But they're scratching their heads about Keyman Insurance. ... Now to those actuarial boffins in insurance companies, risk and luck are flip sides of the same coin.

A Laymans Guide to Buy to Let Mortgages by Elizabeth Grant
The Buy to Let property market seems to more popular than ever. In fact, Buy to Let has been steadily increasing in popularity since the mid-nineties and experts reveal that the market shows no real sign of slowing down. Buy to Let seems to be the ideal property investment; simply purchase a... Have a look at two differing goals of Buy to Let investors: •Make a profit from the investment in the property itself and re-sell it when house prices are high •Aim for a month by month profit from the rent you charge Buy to Let Costs Regardless of the reasons you might have for buying a...

Interest Only Mortgages by Joseph Kenny
Interest only mortgages have become more and more popular in the past few years – probably as a result of the rise in house prices. With this type of loan, you pay off only the interest, so that your monthly repayments are lower than they would be with a capital repayment mortgage. ... Endowment policies have built-in life insurance. ... Note that you may also be required to take out a separate life insurance policy along with your investments and mortgage. ... They can consist of cash, stocks, shares and insurance.

Loans for Unemployed by Joseph Kenny
It is one of life’s small cruelties that the times when you need credit most badly, are also the times when lenders are least willing to give it to you. When you are finding it hard to meet your obligations, your car payments are behind, your credit cards are all fully loaded, and you’re barely... Insurance The other thing you might consider is credit protection insurance. ... This is an insurance policy you will need to have taken out before you lost your job. ... Most credit protection plans provide that if you lose your job through no fault if your own, they will kick in the meet your...

Home Loans - Understanding The Costs by Joseph Kenny
When you decide to get a home loan, there are a number of costs that are involved. If you are fortunate, the seller of the home may agree to cover some of the expenses for you. Some of the expenses you will see when getting a home loan is the closing costs, prepaid items, and loan discount fees. ... It will need to have enough money to cover a few months worth of payments toward taxes and insurance. ... Homeowners will also have the pay the insurance policy for the first full year. ... The money that is placed in this account will be applied to such things as insurance and property taxes.

How to Achieve Financial Freedom with Your Home by Geoff Morris
The secret disclosed on how you too could achieve financial freedom through property (and tell the pension companies just where to stick their measly, worthless ‘pensions’) Geoff Morris is a self-made property millionaire who made it in less than 18 months even with a hectic 'day job'. ... Not a very large lump sum, as a lot of the insurance premiums would have gone towards the life cover purchased. ... On top of this, most people will take out some other financial facility, such as an endowment policy coupled with a life insurance policy for the period of the mortgage, so at the end of...

Borrowing Money, Leverage and Investing in Property by Stuart Oliver
Many people live in a world where they believe that debt is bad. I used to. Debt is only bad if it's not managed properly, otherwise it's not just good - it's great. The text below will probably be stating the obvious to some but I hope will be of value to many of you. ... You will not rent your property 100% of the year so either, you'll need to increase rent to cover cashflow during vacant periods or take a hit to your cashflow. ... Having considered your options you're concerned that through rental you won't cover your monthly cashflow and you don't have cash to support this.

Types Of Mortgage by Michael Aldridge
Buying a home is one of the biggest commitments you will ever undertake. So choosing your mortgage does take thought. Take some time to consider what mortgage is right for you? After all it’s your money you will be spending so, I would recommend utilizing it in the best way possible. ... • If no life insurance, pensions or assets are in place to cover the repayment of the house. ... • You do not always have to take out life insurance with a repayment mortgage. ... Endowment An endowment is still the most common type of interest only mortgage which also provides life assurance cover and a...

Mortgage Glossary of Terms by Darren Yates
A brief list of some of the most common Mortgage terms. Adverse Credit The term used if the borrower has a poor credit history. This could include previous mortgage or loan arrears, bankruptcy or CCJ's. Other terms used to describe an adverse credit mortgage include: Bad credit mortgage... Life insurance If you have a joint mortgage, life insurance can be acquired that will see the mortgage paid of should one of you pass on. ... Buildings insurance Insurance you can take out when you buy a property that will cover the cost of any damage to the house and or contents..