For savers and spenders alike, the New Year is a great time to give personal finances a workout.
Lloyds TSB has established a range of services offering advice on money management, with a wide range of financial advice, guidance and products – all designed to help make your money work harder:
Create a Budget
The best way to get finances in shape and keep them that way is to take a long hard look at incomings and outgoings and create a budget.
Aaran Brown, (30 years old) who works at a gym in a prison, and Stephanie Hampstead, a 22-year-old nursery nurse, are a prime example:
â€œWe were renting an apartment in Blyth Bridge and didnâ€™t see buying as financially friendly enough to be an option for us,â€ Aaron said.
When you apply for credit with a company, it will (with your consent) check your credit score through a credit reference agency, of which the three main ones are Experian, Equifax and Call Credit.
These companies hold your credit report, which shows how you have repaid credit in the past and lenders take it as an indication, of how you will repay credit in the future.
A poor credit history will limit your choice and usually means youâ€™ll have to borrow at higher rates, but your credit history can be improved over time.
The main difference between a self-build mortgage and a house purchase mortgage is that with a self-build mortgage, money is released in stages as the build progresses, rather than as a single amount.
Some lenders will lend you money to purchase land, typically 75% of the purchase price or value, which ever is lowest.
During the build you can borrow typically 75% of the cost of the value of the house as the project progresses, depending on the chosen lender.
There are two methods by which the money can be released during the build, known as arrears stage payments and advance stage payments respectively.
BuildStore is the UKâ€™s leading specialist at the heart of the self build and renovation market, with a bespoke end-to-end offering of products and services, specifically designed to help self builders and renovators throughout their projects.
The Company is celebrating the 10th anniversary of its exclusive Accelerator mortgage, the first mortgage to offer advance stage payments for self-builders.
Before the pioneering Accelerator was developed, mainstream mortgage lenders would only release funds in arrears for self-builders, despite the substantial upfront cost involved in building a house.
The National Self Build & Renovation Centre is to host its second Self Build & Renovation Show at the Renovation Centre, just off Junction 16 of the M4 next month, (Thursday 6th â€“ Sunday 9th March 2008).
The show is offering a unique practical learning experience for anyone interested in building their dream home.
With a shortage of the right kind of affordable homes and uncertainty in the existing property market, â€˜doing it yourselfâ€™, whether self building or renovating, to create a home that is compatible with individual lifestylesâ€™ is becoming more appealing and is a very realistic option for many people looking to get on, or move up, the property ladder.
Speed Building is a new concept in housing developed by the UK self build experts Potton Ltd, as a fast and easy way of creating the perfect home to suit your lifestyle.
The company brings all the services you need to design and build your home under one roof, starting with research and finishing with your completed dream home.
The Speed Building experience starts with Pottonâ€™s new Self Build Forum, the fastest way to find out about the self build process; meet both self build experts and other self builders at the same time.
Held free of charge, every fortnight at Pottonâ€™s conference and leisure centre, Wyboston Lakes, the Self Build Forum begins with a one hour introduction to self build, which covers each stage of the process from finding land to claiming the VAT back.
The Property Investor Show, The UKâ€™s largest dedicated property investment exhibition – will make its Birmingham debut at the NEC from 23rd to 25th March 2007, following 5 years of consecutive growth at ExCeL London.
The show is co-locating at the NEC at the same time as the comprehensive Homebuilding & Renovation show, making this a most important weekend for Midlands-based property investors during 2007.
The show brings together the very best in the property investment world, as the 100 plus exhibitors attending, will cover every aspect of making money from property and offer expertise from the UK and overseas, for both residential and commercial investments.
A major new centre opened on 9 February 2007, dedicated to helping people build their dream homes, or undertake renovation projects; the Swindon based Centre is the brainchild of BuildStore the pioneering self build and renovation experts.
The 67,000 sq ft National Self Build and Renovation Centre, brings together under one roof for the first time all the products, services inspiration and advice required for self build or renovation.
The centre will cater for the booming market in self build and renovation, with over 20,000 people building their homes and an estimated 300,000 more undertaking major renovation work every year.