Monthly Archives: November 2011

This is the second mortgage product that we have been advised on by Tim Harrison. We are very pleased with his approach and confident that he will select the product most appropriate for our needs. I would highly recommend him to my colleagues, friends and family.

Tim at Park Gate found us an excellent Buy to Let Mortgage. Very competitive interest and almost zero other fees. Excellent, friendly & clearly explained service throughout and we recommend them. 

Whole of life policies are ongoing policies that pay out when you die, whenever that is. Because it is guaranteed that you’ll die at some point and therefore the policy will pay out sometime in the future, these policies are more expensive than term assurance policies, which only pay out if you die within a certain timeframe.

Whole-of-life policies can be a useful way to cover funeral costs or a possible inheritance tax bill.

Family income benefit life insurance is a type of decreasing term policy. Instead of a lump sum, though, it pays out a regular income to your beneficiaries until the policy’s expiry date if you die.

With a decreasing term policy, the amount you are covered for decreases over the term of the policy. This type of policy is often used to cover a debt that reduces over time, such as a repayment mortgages.

Premiums are usually significantly cheaper than for level term cover as the amount insured reduces as time goes on. The monthly or annual premiums you pay can be guaranteed or reviewable.

A level term policy pays out a lump sum if you die within the specified term. The amount you are covered for remains level throughout the term. The monthly or annual premiums you pay can be guaranteed or reviewable.

Level term insurance can provide cover for interest only mortgages, not covered by an endowment or family protection providing a lump sum for the surviving partner to provide for the family.

Term Assurance is the most basic type of life insurance. With term insurance you can choose the amount of cover you want and the term you want it for. If you die within the term, the policy pays out to your beneficiaries. If you do not die during the term, the policy expires and the cover ends. There is no surrender value with this type of policy.

The Bank of England’s Monetary Policy Committee has decided to hold base rate at 0.5 per cent for the 32nd consecutive month and to hold quantitative easing at £275bn.

The last rate change was on March 5, 2009, when it was reduced from 1 per cent to 0.5 per cent. On the same day, the Bank of England initiated a £75bn quantitative easing programme.

The quantitative easing programme was increased to £200bn in November 2009 and then increased by £75bn to £275bn last month. 

Minutes from the October meeting of the MPC showed all members voted for an additional £75bn of quantitative easing.

Kevin really did go beyond the call of duty for my complicated remortgage. He supported and advised me at all stages and I really could not have done it without him. I would definitely recommend his services at any opportunity. Thank you so much!

We have received first class service from Tim. Tim couldn’t do enough for us and was always at the end of the phone happy to respond to queries. Highly recommended.