Car insurance gearing up to drive down costsWritten by Richard Green
For once finances seem to be going in favour of UK motorist, with Esure (http://www.esure.com/) announcing plans to double its share of UK's car insurance market - a move which is likely to spark a price war, other internet-only direct insurers passing on to consumers savings based on their low overheads, and specialist insurers offering reduced rates for their particular target markets. A trial pay-as-you-go scheme from Norwich Union (http://www.norwichunion.com ) is also creating a lot of interest for money conscious motorists. The pay-as-you-go scheme uses a small box costing an initial £199 which is fitted in driver’s boot, to record when and for how long a driver actually uses their car. The box stays in contact with a satellite which is sent regular updates of journey data stored on box, tracking vehicle and then delivering information to insurer. The driver is then charged based upon how far at what time they used their vehicle. “We got a statement”, said one member of trial, "which showed what mileage we had done, and on what days of week, as well as if we had been driving in evenings or peak hours."
| | What is a Home Loan?Written by John Mussi
A Home loan is generic term for a loan. A home loan uses your home as security. It uses net value of your property as security for loan. As a result of house price inflation and part repayment of mortgages many homeowners have a property which is worth far more than mortgage they owe on it. A home loan enables you to make use of this asset by providing security for your loan, whether you own a house, flat, bungalow or cottage. It is suitable if you want to raise a large amount; are having problems getting an unsecured loan; or have a poor credit history. Lenders are more flexible with their underwriting, making a secured home loan possible when you may have been turned down for an unsecured loan. Since home loans can be secured on property, most lenders will approve your loan even if you have a bad credit history, which make home loans very attractive to people who would otherwise not qualify for a loan from their local bank. A home loan is great if you want to raise a large amount; are having problems getting an unsecured loan; or have a poor credit history – you may be able to get a home loan even when you have been turned down for an unsecured loan.
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