http://www.enhancedwealth.co.uk/news Mortgage, Insurance & Finance news Tue, 06 Jan 2009 08:00:02 +0000 http://backend.userland.com/rss092 en The “sensationalist” stage of the credit crisis seems to be drawing to a close, and we are moving on to the hard fact that large numbers of redundancies are being announced with regularity in most sectors of the economy. In addition, we are seeing large firms, some which have been ... http://www.enhancedwealth.co.uk/news/index.php/2009/01/redundancy-insurance-is-needed-more-than-ever/ Buying a house has been classed as one of the most stressful events you can go through and is likely to be the biggest purchase you make in your life. It's easy to see how a difficult move can get even harder. Some buyers have described how they felt trapped ... http://www.enhancedwealth.co.uk/news/index.php/2009/01/bridging-loans-2/ Mortgage Protection Insurance has historically been dominated by the credit providers and Banks due to their unique market position; right at the point of sale. For many years this position went unchallenged. Lenders soon cottoned on to the fact that customers really needed the peace of mind that Mortgage Protection Insurance ... http://www.enhancedwealth.co.uk/news/index.php/2008/12/changes-to-mortgage-protection-insurance-sales/ The Competition Commission recently announced that it was planning to introduce a ban on the sale of Payment Protection Insurance (PPI) at the point of sale for loans and credit cards. There would be a 14 day period before the finance provider could offer the customer a PPI policy to ... http://www.enhancedwealth.co.uk/news/index.php/2008/12/mortgage-brokers-to-be-affected-by-ppi-sales-restrictions/ When looking for unemployment insurance it is important to shop around and look at alternative policies. Get quotes from the different suppliers of unemployment insurance, this may include loan insurance, income insurance or mortgage insurance depending on the type of cover you need. By shopping around for unemployment insurance you will ... http://www.enhancedwealth.co.uk/news/index.php/2008/12/shop-around-for-unemployment-insurance/ The private rented sector is booming in the present economic climate, as people are finding it difficult to buy houses to live in.  So if you have a property to let out, you probably won’t have a problem finding tenants. However, one thing you may not have realised is that you ... http://www.enhancedwealth.co.uk/news/index.php/2008/12/landlord-insurance-dont-be-caught-out/ Credit card company Egg Banking has been fined £721,000 by the Financial Services Authority for the way it has sold payment protection insurance. The FSA found serious failings in Egg's telephone sales techniques for payment protection insurance where the benefits of the policy were often overstated. The FSA has reported that ... http://www.enhancedwealth.co.uk/news/index.php/2008/12/egg-banking-fined-by-fsa-for-payment-protection-insurance-sales/ Here's a cautionary tale for those people with holiday lets. We are often called by new clients to sort out the mess caused by other mortgage advisers. Typically, this will be selling a buy to let mortgage when what's really needed is a holiday let mortgage. After all, the property will ... http://www.enhancedwealth.co.uk/news/index.php/2008/12/having-the-wrong-mortgage-for-your-holiday-let-could-cost-you-a-packet/ The Citizens Advice Bureau (CAB) has recently revealed that over the past year the number of homeowners seeking debt advice has increased by a third. Over the last 12 months CAB has received 77,000 new enquiries from people who are concerned about problems with mortgage and loan arrears. Rather than irresponsible ... http://www.enhancedwealth.co.uk/news/index.php/2008/12/more-people-with-debt-problems-seeking-advice/ It has been mooted in the press that some major insurers may be considering pulling out of the Redundancy Insurance market, to new customers. Norwich Union already has for redundancy insurance by itself, and many of the smaller insurers are likely to take their lead. Well, after all, these are unprecedented ... http://www.enhancedwealth.co.uk/news/index.php/2008/12/redundancy-insurance-protect-yourself-against-the-financial-consequences-of-redundancy/