Remortgaging to Buy a Holiday Home

When you hear about friends or family who have managed to afford a place in the sun as a holiday home, do you feel a little bit envious and sigh wistfully, hoping that one day you can do the same?

If so, that sunny holiday retreat could be yours and you don’t even know it yet. If you’re already a property owner in the UK and Europe, you can use your own house by remortgaging it to raise enough cast to buy a new place. For most home owners still paying off their mortgage, remortgaging is a great move anyway, as it can get you more favourable interest rates or a better deal all round.

Releasing Equity

But it’s also a fantastic way to release some equity locked inside your house, so you can raise a lump sum for something special, like a wedding in the family, a dream round-the-world cruise, or a brand new villa in the sun.

Whatever your reasons for remortgaging, you can make the whole process easier and more accessible by consulting an independent mortgage advisor. Professional mortgage advisers have access to many more remortgaging products than an individual normally has, and these experts also have a huge network of connections and financial lending organisations that they’ve built up over years of being in business.

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Russell Sanders, from independent mortgage broker Fresh Mortgages, based in Berkhamsted, Hertfordsire, says,”We’ve got some pretty complex software tools that can calculate the mortgage products available to a mortgage applicant, depending on their unique situation, such as value of their existing property, age, employment situation and income. Within a short space of time we come up with a shortlist of mortgage lenders who have a product to suit you, whether it’s remortgaging, buying to move to a new home or a buy-to-let.”

I ask Russell what type of person, in his experience, is interested in remortgaging.

Market Values

He answers, “There’s a wide variety of reasons why people come to me for remortgaging advice. Recently my clients include couples who own their own homes but have extra land in their garden, and want to raise some money to build a house on the extra space. The cost of building a house is always less than the market price quoted by an estate agent, as the ‘for sale’ amount includes the cost of the land.”

Russell continues, “Loft conversions are very popular these days too, as the cost of extending a house can be less than moving to a larger place, and a lot more realistic if you don’t want to get a completely new mortgage loan. And of course some folk want to raise some money for a buy-to-let, so they get constant rental income. This includes the scenario of buying a holiday home that you rent out commercially for some or all months of the year, giving you an income over the summer months while you may want to use it as a retreat in the winter.”

Purchase Proof

Do the mortgage lenders differentiate who they lend to on the basis of what you want the money for?

Russell smiles and says, “All they want to know is that it’s legitimate and that you won’t use the money for something disreputable. Buying a holiday home is a very common reason for wanting to remortgage, especially since the rise of the popular TV show, A Place in the Sun. The mortgage lender will want to know the address of the property you want to purchase, so they can check it exists and it’s worth the money they’re lending. So yes, you do have to verify your reasons for applying for the loan.”

“But that’s the same if you were going to buy a home in the UK. Financial lending of all types has really tightened up since the financial crisis, so all lenders should want to know why you’re asking for the money. I’ve even heard of cases where people are releasing savings held in bonds, and the financial organisation they’ve been saving with wants to know why they want their money back!”

Fast and Easy

I ask Russell to put in a nutshell why someone should go to an independent mortgage broker.”Because we’re independent we won’t push products onto you that aren’t appropriate for you. We can search around a wide range of mortgage lenders to find the product that suits your personal requirements, such as early repayment over a reduced number of years, or extending the repayment period to more than 25 years, or a fixed interest rate for the initial years if you’re just starting out on the property ladder and the move has left you only able to afford a certain amount for the foreseeable future.”

“Above all, an independent mortgage advisor saves you time, so you don’t have to spend hours visiting banks and building societies and talking through your requirements with lenders who may not have the product you want in the first place. We give you a selection of eligible options, rapidly and at your desk or home. No legwork required!”

So now you can talk to an independent mortgage adviser to see if you can get that dream home in the sun now, rather than a few years down the line. To read more about Fresh Mortgages, go to http://www.freshmortgages-uk.com/

Get a Warm Welcome Back Home

Moving back home after living as an expat in Italy can be made easier if you’re fully prepared for the change in climate. Granted, the winters in the north of Italy can be less than balmy, with cool days and cooler nights, so a northern European winter may not be much of a shock, if that’s the move that you’re making. But residents of southern Italy who want or have to return home may be daunted by winters back in their native land that can bring frost, ice and snow.

One way to make the transition much more comfortable is to make sure that once you’ve moved back, your home is as warm as possible in the winter. An efficient and modern hot water and central heating system is a must, and if you’ve moved back into your original home from before you went to live in Italy, it may have an old-fashioned heating system, powered by an inefficient boiler.

The freezing girl about a heater
Good heating is essential for colder climates

Expensive Energy Use

For example, if your boiler is older than 10 years, it’s highly likely the boiler is a G-rated model, which is 55% less efficient than a new A-rated boiler. In any event, if you have a boiler that is between 10 to 20 years old, you should consider replacing it with a new energy efficient model that will save you a significant amount of money in heating and hot water bills.

Older boilers require more fuel to function which will inevitably cost you more money. Although replacing a boiler may seem like a daunting and expensive idea, there are companies out there that offer new installed boilers with a more affordable way of repaying, rather than the traditional model of paying for a new boiler with a one-off upfront sum.

Monthly Boiler Payments

Boiler installation and maintenance company Hassle Free Boilers has pioneered a monthly repayment scheme where you can get a new energy-efficient A-rated boiler from a top quality brand and repay the cost of the boiler monthly, over a period of up to 8 years. Your monthly repayments cover installation, maintenance and breakdown costs, so every potential current and future cost is covered. Meanwhile, once it’s installed, you are already starting to save money on your fuel bills, as a new boiler consumes less energy to keep your home just as warm as it would have been with an older boiler.

Lee Brooker, marketing director for Hassle Free Boilers, says: “We offer a number of repayment options for new boilers but our trademark option is the ‘Hassle Free Pay Monthly’ scheme, which we believed we established in the UK, modelled on a similar boiler payment scheme widely available in Canada.”

Affordable Choice

He continues: “Traditionally the big energy companies ask for a large sum of money to provide and install a boiler, then offer a selection of maintenance options optionally after installation. What we’re doing is making boilers – and therefore efficient heating systems – available and affordable to everyone, not just those who have enough savings to be able to pay some £1500-2000 in one go for a new boiler.”

Not surprisingly, Hassle Free Boilers is part of the independent renewable and sustainable energy award-winner Ecovision Group, which over the last two decades has supplied, installed and maintained solar electricity-generated systems to thousands of UK homes and offices. Hassle Free Boilers has also won the status of being a ‘Which? Trusted Trader’ and is a member of Checkatrade, which proves the high standards of quality that Hassle Free Boilers achieves.

Paying for Itself

“While our customers are repaying the cost of their new boiler, they’re saving a fair amount of money on energy bills,” Lee tells me. “Our surveys say that if a household switches from a G-rated boiler to an A-rated one, they could save as much as £47.50 a month – or a nice hefty £570 a year! So in a way, the new eco-efficient boiler is paying for itself over the first few years of use.”

There are a number of choices when it comes to the type of boiler that best suits your home, the number of bedrooms and bathrooms that it has, and the available free space. Many new boilers are small enough to fit into a cupboard, and depending on the type of boiler, there’s no longer a need for a hot water tank to be placed in an airing cupboard, and a cold water tank in the loft any more.

Boiler Choices

“If you’re stuck for space in a small house or apartment and only have one bathroom, for example,” says Lee, “a combination – or combi – boiler is a good choice as it heats up water and provides heat for your radiators when needed, on the spot. So there’s no need for hot water storage in a cylinder in a cupboard – it’s generated instantly.”

“But a larger home with more than one bathroom may be better off with a ‘heat-only’ boiler – which is a conventional condensing boiler – as it can provide enough pressure to service multiple hot taps being run – but for this type of boiler you would most likely need room for an airing cupboard and a spacious loft for a cold tank.”

Gas Safe Engineers

Before installation Hassle Free Boilers send a surveyor to your home to work out the most appropriate type of boiler for you. Then qualified local engineers – all of whom are professional and ‘Gas Safe’ registered  – come to install your boiler. “After that, every year our customers receive a boiler maintenance check-up – and in the unlikely event something goes wrong with your boiler, we pay for all repairs,” Lee explains. “It’s even a huge plus for landlords to buy a new boiler from Hassle Free Boilers,” he says, “as we provide all necessary gas safety record certificates to protect both landlords and their renters.”

The prospect of moving back to the UK and facing its winters – and let’s face it, springs and autumns too – isn’t quite as daunting when you know that there’s companies like Hassle Free Boilers to give you affordable heating and hot water systems.

To learn more about Hassle Free Boilers and how you can get an affordable heating and hot water system, go to http://hasslefreeboilers.com/

5 Reasons to Start a Business On Your Own

business-development-managementBuilding a big business is a challenge. There is much to learn and rise above. Nevertheless, it can be extremely rewarding both personally and economically. Knowing why you desire to start a business from home in the first place can assist you stay focused and keep you moving forward through adversity.

As well the clear reasons to start a business from home similar to cutting your commute, spending extra time with your family, the income prospective, the tax write-offs, being your own boss, ownership, doing something your fervent about, personal development, managing your time, the private satisfaction you get, and other general reasons, we wanted to assemble a short list that identified less general, yet equally significant top reasons to begin a business from home. Feel free to add to this list as your brain comes up with ideas.

 

  • Obtain New Skills

Starting a company from home offers you the opportunity for steady and never-ending development. It allows you to augment and acquire new skills like advertising, management, productivity, communication, delegation, investigate product development, technological skills, and a diversity of others. Although this can be irresistible at times, the effect is that you are better ready for uncertainty and change since you have worked to broaden your skill sets as well as knowledge.

 

  • Grind Your Creativity

To begin a business from home, you have to use the power of your mind to create. Whether you make an actual product, marketing materials, teaching for your team, come up with latest strategies, try new techniques, and so on, a business will compel you to grind your creativity and become more innovative. It is just a usual process of engaging in a creative endeavor.

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  • Build Your Personal Assets

Opening a business from home gives you the sole ability to create assets that you hold. Whether it is a product, a service, intellectual possessions, or a brand, your company is an asset that has value and can potentially make income for years to come. You can in turn, reinvest the income you produce into enhancing your skill sets, raising your business, or purchasing other profits producing assets.

 

  • Recognize and Solve Problems

The purpose of a business is to resolve problems and satisfy the wants, needs, and desires of others. Starting your personal business forces you to become additional observant and identifies the problems that public face on a daily basis. As a business vendor, you now have an incentive to solve troubles and meet people’s needs.

 

  • Offer Goods and Services That Serve

Through your business, you have the freedom of making a optimistic impact in the lives of others. By providing worth through your products and/or services, you have the prospective to help solve people’s problems and rally their needs.

 

strategic_planGetting Started

Now that you have become conscious of more reasons to begin a business from home, the next issue becomes how to get started. Certainly, there are a lot of ways to go about doing that. One of the easiest as well as fastest ways to get started is to use an easy marketing system that has previously been created. The benefit of using such a system is that you don’t have to spend the time or the money to create your personal from scratch. Identifying why you desire to start a business from home is only one-step to building a gainful business. The majority people have a vast difficulty moving forward from there. The subsequently challenge is acquiring all the information and skills you require to put all the pieces together.

In the end, it proves that starting something on your own is the best way to earn more money. However, if your business is based on a passion of yours, you have even more chances of becoming successful.