Historically women have always paid less for their life cover as on average they live longer than men. However the new directive from the EU has stated that insurance companies cannot discriminate towards men and therefore women’s premiums are set to rise.

This however does not mean that everyone’s premiums will be the same. Factors such as age, occupation and health will still have an impact on your risk and therefore how much you will pay for your policy. The new ruling only states that your gender will no longer have an effect.

There are also other factors due to come in next year that will impact on your premiums. Tax for life insurance providers are set to change and many will experience higher tax bills. This means there might be an increase on all new customers’ policies with premiums rising across all insurance products they offer.

If you don’t have life insurance or critical illness cover now is the time to consider this. There are a number of options available on the market, including life cover, critical illness cover, family income benefit, income protection and many many more.

Here at Affno Financial we can take the hassle out of purchasing insurance products and we can review your circumstances and find the right cover for you. Contact us today to see how we can help.

For further details or to arrange an interview please contact:

• Sasi Sivaganesh
• 07852968681 / 02084214073
• info@affnofinancial.com

Despite the Bank of England Base Rate staying at an all-time low, your lender may have the ability to increase their SVR. While not all lenders have made an increase some lenders could make a change at any time. Lenders could also have the option of increasing the cap on how much they can increase their SVR by, so it is also worth checking your contract to see if this may apply to you.

As an example if you had £100,000 left to pay on your mortgage with 15 years left on your term and experienced an increase of rate from 3.25% to 3.75%, this would equate to an increase of approximately £40 to your monthly mortgage payments. If you are on a repayment mortgage this would be higher.

It is always a good idea to keep your mortgage under review to see if you are on the best rate for your circumstances. There are many options currently on the market, including product transfers with your existing lender. These types of offer can often mean there are no upfront fees to pay.

Here at Affno Financial we can take the hassle out of remortgaging and can help find the best deal for you. We are able to provide a full advice service and guide you through all the options available. There are many things to take into consideration when taking out a mortgage such as general insurance and protection; thankfully we all offer a full service in insurance and protection so why not contact us today?

Your home may be repossessed if you do not keep up repayments on your mortgage.

For further details or to arrange an interview please contact:

• Sasi Sivaganesh
• 07852968681
• sasi@affnofinancial.co.uk

New research from specialist buy-to-let lender Paragon has shown that demand from tenants has increased in the third quarter of this year. Only 4% of landlords thought demand had decreased.

Here at Affno Financial we can help you find the right product for your Buy-to-Let purchase and help you start your portfolio. We have access to a wide range of mortgage deals up to 85% loan to value, some which are not available on the high street. We also have access to lenders that use rental income calculations to determine the level of mortgage they will offer. This means that you may not necessarily require a particular level of personal income to obtain the Buy-to-Let mortgage you need.

If you currently have a Buy-to-Let property we could also help you find a remortgage deal. Contact us today to find out if we can help with a more competitive rate.  Equally with loan to value percentages becoming more favorable you may find that now could be the time to raise capital against the property for such things as home improvements.

There are many things to think about with any Buy-to-Let purchase or remortgage. Thankfully here at Affno Financial we are able to provide a full advice service and guide you through all the options available.  In addition to this we also offer a full general insurance and protection advice service.  Why not contact us to see if we could beat your buildings insurance renewal, or provide advice on your personal insurance needs?

For more information Please call us on 0208 421 4073 or email info@affnofinancial.com

Your property may be repossessed if you do not keep up repayments on your mortgage.

Many lenders have recently reduced their interest rates on new products, so if your mortgage deal has come to an end, now might be a great time to remortgage. It has recently been speculated by the British Chamber of Commerce that when the base rate does go up, it could rise more quickly then previously envisaged.. This means anyone on an SVR could have a sudden increase in their rate and subsequent monthly payments, this also might be at a higher increase than the base rate.

Recent surveys show that property asking prices are now starting to slowly recover which means if you are a home-owner the rise in equity of your home may mean you now fall into a lower Loan to Value (LTV) bracket. This will mean you may now be in a stronger position to get a better rate.

There are some great products available including Switch and Fix products. These products allow you to get the benefit of a low tracker rate with the added security of being able to move to a fixed rate product id rates start to increase, without incurring an early repayment charge.

Here at Affno Financial we can take the hassle out of remortgaging and can help find the best deal for you. We are able to provide a full advice service and guide you through all the options available to you. There are many things to take into consideration when taking out a mortgage such as general insurance and protection, thankfully we all offer a full service in insurance and protection so why not contact us today?

Your home may be repossessed if you do not keep up repayments on your mortgage.
*This is based on research conducted by Barclays in May 2011.

Here at Affno Financial , we have access to a range of offset mortgage deals, some which are not available on the high street. Not only that but we will assess your situation to produce a suitable long term plan which will provide you with the best return.

Offset mortgages are a secured overdraft facility where mortgage interest is only paid on the balance between your savings and your mortgage debt. The interest is calculated daily so any funds available in the account will help reduce your interest. In the past, these types of mortgages had substantially higher rates than standard mainstream loans however this difference is less apparent today.

Offset mortgages are a great flexible option, allowing you to retain access to your savings without the need to remortgage. This gives you the freedom you would expect from a savings account with the added benefit of reducing your interest payment, allowing your money to work for you.

There are many considerations and options to take into account with any remortgage. Thankfully we are able to provide a full advice service and guide you through all the options available. In addition to this we also offer a full general insurance and protection advice service. Why not contact us to see if we could beat your buildings insurance renewal or provide advice on your personal insurance needs?

Your property may be repossessed if you do not keep up repayments on your mortgage.

Commercial insurance covers many different areas, however the following may be of interest to you:

Public Liability Insurance: If members of the public or customers come to your premises or you go to theirs (including if you work from home), you should think about taking out public liability insurance. Public liability insurance covers your business against claims from 3rd parties who suffer injury or illness as a result of your negligence. It can also provide cover if you damage the property of a 3rd party.

Professional Indemnity Insurance: You should consider taking out professional indemnity insurance if your business gives advice or offers a professional service to individuals or other businesses. It can cover you if you are negligent or make an error which causes a client’s business to suffer financial loss.

Buildings Insurance for commercial premises: Commercial buildings insurance is designed to meet the requirements of all types of commercial building landlords – from individuals who own one or two commercial buildings to large commercial concerns with sizeable building investment portfolios. Buildings insurance is a must and can be used to insure against fire, lightning, storm, and flood, impact from aircraft or vehicles and escape of water from tanks or pipes.

Here at Affno Financial we have close links to firms providing the above insurances, plus many more, through a number of different insurers. This helps us ensure that you can obtain the product you require for a competitive premium. Why not contact us today to discuss your requirements further.

To find out more please call us on 02084214073 or email us on info@affnofinancial.com

Your Mortgage: Whether you currently have a fixed rate, tracker, standard variable mortgage or are planning to purchase a property in the near future we can help! We have many mortgage products available and we could save you money against your current deal

Your Buildings & Contents Policy: We offer buildings and/or contents cover through an extensive panel of insurers. This means that we can fully guide you through the benefits of different policies and assist you in choosing the most appropriate policy to meet your requirements & budget effectively.

Your life insurance and other insurance policies: We offer life insurance, critical illness cover, income protection and Mortgage payment protection (MPPI)/Accident, sickness, unemployment cover (ASU) through a number of providers. Why not contact us to review your existing policies to ensure that they fully cover you competitively?

In summary; here at Affno Financial we offer a complete service relating to your mortgage and associated insurances. We can offer you a full review to ensure that you are not only fully covered but also that you are fully covered for the best possible price!

To find out more please call us on 02084214073 or email us on info@affnofinancial.com.

*Please note that you should never cancel an existing policy prior to taking out a new one without fully investigating the generic and individual elements that are covered.

We have access to many Halifax products and at the current time we can offer exclusive rates that are only available through very limited channels.  The advantages of transferring your mortgage with us are:

• Access to competitive products no matter what your loan to value* is. *ie. The level of mortgage against the value of your home
• A fantastic choice of fixed, tracker and discounted mortgage rates
• No additional credit scoring –  as long as you are not increasing your mortgage no employment or income checks required by Halifax
• No upfront fees – no legal fees to pay when switching to a new mortgage
• No paperwork to fill in or new Direct Debits to set up

Alternatively we can also look at many other lenders on the market today, investigate other deals and recommend the best product available to you.  We offer a complete advice service from start to finish and can assist with all aspects of your new mortgage as well as covering all of your insurance requirements.

Please don’t hesitate to call us on 02084214073 for further details.

Your home may be repossessed if you do not keep up your repayments on your mortgage or other loan secured upon it.

As an example, a recent survey of 299 household contents policies found that only 18% of insurers include accidental damage automatically. What is accidental damage?  Accidental damage is cover you can take out under the contents section of a policy, which provides cover for damage caused accidentally to your personal belongings whilst in your property. At the other end of the scale 97% of insurers cover loss of water automatically, which means that 3% of insurers would not cover this within their standard policy. These are just two areas of cover within a buildings & contents policy, there are many more to consider based upon your specific policy and circumstances.

Make sure you have the type of cover that you actually want. For example, some of the cheaper home insurance policies for contents are known as indemnity policies. This means that if you need to make a claim the company will assess how much wear and tear the item will have suffered in its life and will provide you with the money equal to the current market value. So if you have a five year old three piece suite and it gets destroyed in a flood, the company will give you a sum of money equivalent to a five year old suite, not a new one.  If you need the insurance money to allow you to go out and buy a new three piece suite then you would require “new for old” insurance cover.

In the current economic climate it is perfectly understandable that consumers are naturally more price focused.  However, it is crucial that people understand policy features to ensure they choose the right type of cover and avoid the risk of underinsuring their home.  Here at Affno Financial we offer buildings and/or contents cover through an extensive panel of insurers.  This means that we can fully guide you through the benefits of different policies and assist you by recommending the most appropriate policy to meet your requirements and budget.

To find out more please call us on 02084214073 or email us on info@affnofinancial.com

If you have a standard variable rate mortgage then it would be up to your lender whether they made any changes, however it is likely that they would also increase their rate and this may not be at the same level as the bank base rate increase.

There is a lot of speculation and it is possible that the Bank of England could now maintain the base rate for some time, but it is also possible that an increase is on the cards in coming months.

With fixed rates at a record low and if you require an element of certainty to your monthly mortgage payments then this may be the perfect time to consider switching your mortgage to a fixed rate product.  This would mean that you would know how much your payments would be for a set period of time.

There are a number of things to take into consideration and lots of options to consider when you are thinking about switching your mortgage.  Thankfully we are able to provide you with a full advice service, which means that we can go through a number of different options to come up with the best solution to meet your needs.

 To find out more please call us on 02084214073.

 Your home may be repossessed if you do not keep up repayments on your mortgage.