Monthly Archives: July 2012

It’s so easy to buy Protect your bubble Bicycle Insurance online. Just a few clicks and you’ll be covered instantly.

But how much should you insure your bicycle for? The best way to calculate the level or amount of bicycle insurance cover that you require is to think about the value of your bike, plus the value of any extras that are attached to the bike such as locks, mud guards, pumps, bells, bottles, mirrors, computers etc to give you a total amount.

Bicycle Insurance

Think about how you use your bicycle. If you use it for a commute and have an expensive cycle bag attached, you will need to include the cost of that accessory when you choose a cover limit.

If you regularly take your children on the back of your bike and you have a child seat, you’ll need to take that into account when choosing the amount of insurance that you need.

If you’ve built your bike up from scratch, make a list of the parts and their cost, work out how much it would cost you to replace the whole lot, if it were to be stolen, or individually if it were to be damaged.

Always keep receipts to show how much your bicycle cost you and how much any additional extras cost too, as your insurer will ask you for evidence in the event that you need to make a claim.

What happens if I under-insure my bicycle?

If you insure your bike for less than what you paid for it, although you will pay a lower price for your insurance, in the event of a claim your bicycle insurance will only pay out a proportion of the bike’s true value and won’t offer a replacement service, so it is very important to give an honest evaluation of the cost of your bicycle and all of its additional extras at the time at which you get your quote.

Protect your bubble Bicycle Insurance starts at just £1.99 per month for bicycles (and their extras) up to and including the value of £250. You can pay your insurance premium in one go with a credit card or by monthly direct debit. Excesses start from just £25 per claim or to waive the excess, just tick the ‘no excess’ box during the online quote process.

Insure my bicycle today

 

Do you need gadget insurance?

Well, with things like mobile phones, laptops and sat nav’s a part of our everyday lives, imagine how much more difficult life would be if the items you rely on were not there anymore.

For example, have you ever tried to find a working telephone box when you are out and about? Or, if you relied on your sat nav, how would you get home when you are in unfamiliar territory without it? The impact of being without these things can be surprising!

Most of us probably don’t give much thought as to what would happen if these items were suddenly stolen, damaged or lost. However, without them, even putting aside the practical side of things as to how we’d manage, the financial aspect of having to replace these items can be substantial too.

And that is where Gadget Insurance comes in – this innovative product can protect your gadgets and electronic items against such things as theft, mechanical breakdown and accidental damage (including liquid damage).

You can insure your gadget against loss too. If you select the loss option, for an additional £1 per month, we will replace your gadget should you lose it. Loss cover isn’t available for laptops or iPads.

So, is Gadget Insurance for you?

Get quote for Gadget Insurance cover at Protect Your Bubble

 

HSBC provided a conduit for “drug kingpins and rogue nations”, according to a US Senate committee investigating money laundering claims at the bank.

HSBC do not accept mortgage business from mortgage brokers, they prefer to accept business directly through their Branches.

As park gate mortgage & protection is an ethical company, we would prefer to recommend a mortgage lender who does not participate in laundering drug money through its banks.

Two out of three multiple sclerosis sufferers have one thing in common.

They’re women

There are around 100,000 multiple sclerosis sufferers in the UK1. In fact it’s one of the five most common critical illnesses claimed for2. What’s more, it affects twice as many women as men1.

 Multiple sclerosis is also very difficult to diagnose.

That’s why many providers use the standard definition from the Association of British Insurers to make decisions on a claim.

But at Bright Grey their definition of multiple sclerosis is better than that and means you don’t have to wait as long for your diagnosis to be confirmed3.

1 in 9 of all women’s critical illness claims were for multiple sclerosis2

81%   of the women who claimed for multiple sclerosis were 40 or younger2

65,000 women in the UK have been diagnosed with multiple sclerosis1

Sources: 1. www.mssociety.org.uk, May 2012. 2. Bright Grey claims statistics, 1 July – 31 December 2011. 3. This improved definition applies to menu plans with a quote effective date of 28 May 2012 or later.

So, if you’re thinking about critical illness cover, choose an insurer that acts sooner rather than later to help multiple sclerosis sufferers.

Talk to Park Gate. We’ll help you identify your individual protection needs and guide you through the various types of cover available to make sure you get the right cover at the right price. Call 01489 580020 or email info@parkgate.net

 

Kent Reliance launches two new buy-to-let mortgage deals, available up to a maximum of 85% loan to value.

Kent Reliance is offering at two-year discounted variable rate charged at 5.49% and a three-year discount at 5.69%.

After the discounted period the rate payable reverts to Kent Reliance SVR, which is currently 6.58%.

There is a product fee of 2.5% of the loan amount and an admin fee of £130 which is payable on application. Monthly rental income must equate to at least 125% of the interest-only mortgage payment.

The maximum loan size is £350,000, and applicants must have a minimum income of £25,001.

These deals are also available for Houses in Multiple Occupation, at the higher interest rates of 5.79% and 6.19%.

Looking for a competitive low 5 year fixed rate? Whether, you are a home mover, a first time buyer or just looking to remortgage. What about a 5 year fixed rate at 3.79% with low arrangement fees?

You might like to consider a shorter term such as a 2 year fixed rate at 3.29% for purchase and remortgage loans up to 60% loan to value.

Or maybe a 3 year fixed at 3.79% for purchase and remortgage loans up to 70% loan to vale.

Please call us on 01489 580020 for further details and to request a personal illustration or to arrange a meeting where we can assess your situation and provide the right advice.

Install security lighting – illuminate your visitors for their safety as well as your own. Unwelcome visitors are less likely to loiter if they’re in the spotlight.

Borrowers who have recently used a payday loan risk having their mortgage application rejected, regardless of whether it was paid back.

Lender GE Money has stated that it will no longer consider applicants who have taken out a short-term, high-interest (payday loan) once in the past three months or more than twice over the past year.

Stating that as a responsible lender in a challenging market they have reviewed a range of data to make prudent mortgage lending decisions. Payday loan data is one of many items included in this review and if a mortgage applicant has a current or had a recent payday loan, it is unlikely that we will consider their mortgage application.

Companies specialising in credit checks have increasingly come under pressure to highlight payday loans on customer credit checks.

Global information company Experian now specifically lists payday loans separately in a departure from the previous practice of providing a more generalised overview of borrowing history.

If you are looking for a mortgage and have had a payday loan  within the last 12 months, call 01489 580020 and we can discuss your financial situation and provide you with the right product with the right lender for the right reason.

The Skipton Building Society offering new rates to allow borrowers to ‘insure’ themselves against any potential rate increases in future. The deals are available up to 85% loan-to-value (LTV) with rates starting at 3.99%.

Skipton Building Society

The 7-year fixed rate option is available at 75% LTV at a rate of 3.99% and up to 85% LTV at 4.89%.

Two 10-year deals are also available, at a rate of 4.49% for mortgages up to 75% LTV and 4.99% for those up to 85% LTV.

All four Skipton Building Society products have an application fee of £195 and a completion fee of £800 and will revert to the Bank of England’s base rate plus 4.45% upon completion.

For more information on these Skipton Building Society product terms call email us on info@parkgate.net or call 01489 580020 for a qualified mortgage advisor to arrange a meeting to discuss your financial requirements and let us help you find the most suitable product.

Japanese knotweed (Fallopia japonica) is causing some concern with some lenders and valuers. Some weeds are invasive and can grow through the brickwork of a property causing severe damage, as with the case of the Japanese knotweed.

Japanese knotweed was introduced to Britain in the 19th century as an ornamental plant but it has become widespread. Japanese knotweed can grow through concrete and tarmac, the plant can grow a metre in a month and a 1cm section of underground stem can produce a new plant in 10 days!! These stems can remain dormant in soil for 20 years before producing new plants.

With lenders reviewing the policy on Japanese knotweed it could now be a case that the lender will not go to offer, however some lenders will consider going to offer if you have the Japanese knotweed eradicated and can provide a certificate of guarantee for a minimum number of years.

If you think you might have Japanese knotweed you should Contact the professionals. Members of the Invasive Weed Control section of the PCA are qualified and regulated in Japanese Knotweed management and can deliver efficient, effective and reliable treatment.

Do not ignore Japanese knotweed when you see it in your garden or building plot. It can grow quickly and costs will grow as the plant does. If you want information on Japanese Knotweed, a good first step is to read through the Environment Agency Guide – Vegetation Projects.