Andthisisnoflash-in-the-pan。

AsBenThompson,MDofLegalGeneral’sMortgageClub,tellsThisismoney。

co。

uk,“itisalmostcertainthatwehavenowseenthecheapestmortgageratesinalifetimeandthatratesbottomedsometimeago”。

Sowhattodo?

IfyouarenowsufferinganSVRabove4%andhavesomeequityinyourhouse,consideraswitchtoafive-year,fixed-ratedealinstead。

YorkshireBuildingSocietyoffersadealat3。

99%onupto75%loantovalue,witha£495arrangementfee。



Risingmortgagecostsarealsobadnewsforthehousingmarket,ofcourse。

AccordingtoBankofEnglanddata,inMarchthenumberofmortgagesapprovedforhousepurchase(asopposedtore-mortgaging)tickedhigher,risingto49,900from49,000inFebruary。

However,thefigureremainswellbelowthelong-termaverage,andasPaulDiggleatCapitalEconomicsnotes,withmortgagecostslikelytocontinuetorise,“thesedonotlooklikeconditionsunderwhichmortgageapprovalsforhousepurchasecanincreasenoticeably”。



Meanwhile,foranyonetryingtosellahouse,there’ssomesimpleadvicefromHSBC,basedonitslatestHomeImprovementSurvey。

ForgetmajorhomeimprovementsthisBankHolidayweekend–thebestwaytomakeagoodimpressiononbuyersandincreasethechanceofmakingasaleistode-clutter,cutthegrass,repairchippedpaintworkandrepaintthefrontdoor。



Ifyou’reoneofthemillionsofpeoplewhoweremis-soldpaymentprotectioninsurance(PPI),don’tberippedofftwice。

Specialistfirmsclaimtohandlethecomplexadministrationonyourbehalfandevenincreaseyourchancesofsuccessfullymakingaclaim。

ButasMoneysavingexpert。

comnotes,thesefirmstakeahugechunkofanyamountawarded(25%istypical),awasteofmoneygiventheprocessofclaimingisperfectlystraightforward。

Ifyouneedtoclaim,visitWhich。

co。

uk/campaignsandfollowthechecklistbeforefillinginthetemplateletter。



Withalltherecentrainfall,anyonelivinginanareaathighriskoffloodingshouldchecktheircarinsurancepolicy。

Themostbasiclevelofcoverforthirdparty,fireandtheftwon’tcoverflooddamageandsomecomprehensivepoliciesmaycarryaheftyexcess。

Homeownerstooshouldchecktheircover–amortgagefirmwillusuallyinsistonbuildingscover,butthisrarelycoverscontentsaswell。

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