High quality joint mortgages guides: What type of mortgage do I need? There are many different types of mortgages. Some are designed specifically for first-time buyers, others are designed for landlords, and others still are for remortgaging only. Here is how to work out what type of mortgage is right for you. Mortgages if you are a first-time buyer : First-time buyer mortgages can let you buy a home even if you have a small deposit. Here is everything you need to know about getting your first mortgage. There are also specific mortgages and schemes aimed at helping first-time buyers purchase their first home. Read additional details on Non Standard Construction Mortgage.

How to manage your new mortgage: Once you move into your new home you will need to start making monthly repayments on your mortgage. If you miss any payments, the amount you owe could increase and your credit record could be damaged. If you fall too far behind your lender could repossess your house. If you set up a direct debit to pay your mortgage, you will never miss a payment as long as there is enough money in your bank account. Here is how to manage your mortgage so you can keep up with your repayments and make sure you are always on the best deal.

A personal loan is a type of unsecured loan that can help you in any financial crisis. You can spend funds gained from a personal loan in any way you like, from renovating your home to repairing your car. Most individuals prefer personal loans over others since they allow you to use funds in any way you want. Personal loans are unsecured in nature, meaning, you don’t have to place collateral or security in the form of an asset such as a house, car and etc. Due to this reason, interest rates of personal loans tend to be much higher than those of traditional secured loans.

How do I find the best mortgage for me? It is strongly recommended that you seek advice from a qualified mortgage broker, rather than find your own mortgage. NeedingAdviceUK offer mortgage advice for free, so it doesn’t have to be an extra expense. You also need to think about whether you have enough in savings, after paying your house deposit, solicitors fees, and furnishing your new home, to cover your outgoings for at least three months? Paying your monthly mortgage repayments is a legal obligation, so it is important to have an emergency fund in case something unexpected happened, like being made redundant. Find additional information on needingadvice.co.uk.

Eligibility criteria for personal loans are not too strict but the banks are quite concerned about the repayment capacity of the borrower. They pay close attention to your credit history and credit or CIBIL score. Personal loans also have a minimum income limit associated with them. For most banks, the minimum monthly income limit for personal loans is 12,000 in semi-urban areas whereas it is 15,000 in bigger cities. These ‘restrictions’ are in place since granting a loan without any type of security increases the risk for banks and the eligibility criteria are one way banks have to ensure that the repayment will be made in the given time. In fact, individuals with good credit history and a decent CIBIL score usually get personal loans on declined rates of interest.

With over 50% of businesses failing within the first ten years, it’s important to do everything you can to prevent your business from falling into this trap. The most common reasons businesses fail are because they lack the necessary funding, their mismanaged, or they don’t have a solid business model to sustain them for the long run. If you have been wondering how to start your small business and set it up for success, give us a call and we can help! Most people never have a reason to wonder how to value a small business, but your business valuation can be important if you’re planning on selling your business, merging, buying out other owners, or applying for a business loan. There are different ways to value a small business, and the appropriate method all depends on the size of the company and the purpose of the valuation.