Sean Horton

If you are a homeowner with a mortgage to pay, then if you haven’t got it already, mortgage payment insurance is certainly something you may wish to consider You may just think that it is another added and unnecessary expense to add to your list of household commitments, but it can, in times of financial distress such as unemployment or incapacity, literally save the roof over your head

With 2008 becoming the year of the ‘credit crunch’ and literally hundreds of thousands of people in the UK subsequently losing their jobs to redundancy, mortgage unemployment insurance is something that anyone who has a mortgage must have least considered And even in times when the economy is stable, redundancy is still a very real threat, so the idea of still being able to continue maintaining your mortgage repayments, even though you have lost your income due to involuntary redundancy, is invaluable

Anyone who has a mortgage will no doubt have worried how they would manage financially in the event that they lost their income due to involuntary redundancy or incapacity (ie accident or sickness) It is a frightening thought that with just a few missed payments you could face going Court and even having your home repossessed

You may ask why you need mortgage protection insurance, believing that it is just another expense when your money is stretched already However, have you considered what would happen if you were to suddenly lose your income due to involuntary redundancy or incapacity such as from having an accident or falling sick

Mortgage payment protection insurance (or MPPI) is an insurance product that can help you keep up with your monthly mortgage repayments in the event that you lose your income due to involuntary redundancy; recovery from an accident; or prolonged illness This means that at an already stressful time, you will not have to worry how to keep your home safe from repossession

In commerce, when situations requiring cash rapidly occurs, looking at commercial bridging loans could be the best answer Whether it is funds to bridge a deal or money for a property purchase or some urgent business acquisitions, securing a short-term loan may resolve the problem, especially when time is very pressing and you may not wish to use your own capital to fund the exercise

Commercial mortgages are as the name suggests, mortgages for the commercial sector They are a form of long-term finance and can be used for the purchase of land and/or property for business use plus to buy a going concern

Have you always fancied being able to live and work from the same property Perhaps using part of your home as a guesthouse or providing bed and breakfast

Whether undertaking a small-scale refurbishment or building a new multi-million pound complex, if the developer does not have all the money to fund the project, then the balance required could be obtained through one or more lenders Traditionally, high street banks were used but invariably would only agree 50/50 deals (50% acquisition 50% build costs), increasing this to 70/70 deals for the experienced developer

You may be looking at buying a building or land for business purposes A number of lenders in the UK could provide you with an excellent deal for such a venture

Seeking a commercial mortgage can be time consuming and difficult It can be quite a responsibility making sure that you have acquired the most suitable deal and achieved the best terms possible for your business

Any type of loan that is granted to someone in the business sector is collectively known as commercial loans It could be a mortgage, a bridging loan, part of a finance deal for property development, or even an overdraft facility

Obtaining bridging loans is normally the result of needing to raise finance quickly and over a short period Most people associate bridging loans with house buying

Generally, when people hear the term bridging finance, they normally think of a bridging loan sometimes used during home buying In reality, it is not just for the purchase of homes

In any occupation, when important decisions have to be made, there is no substitute for thorough research and expertise This is regularly the case when looking for the best commercial finance available