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[T152]Ten Things I Hate About You Poem

by Martyn Barberry, Mar

Are increases in your mortgages payments meaning you are starting to feel the squeeze? If you are ready to make a move to a better deal, here are ten things that you need to know about .

1. Don't stick with your SVR mortgage longer than you need to

There are more than half a million homeowners wasting hundreds of pounds every year by not switching from their lender's standard variable rate (SVR). Don't be one of them.

2. Being proactive with your mortgage pays

Whilst many borrowers are complacent, by being proactive you could save hundreds on your mortgage payments.

For example, a ?100,000 mortgage on an SVR (Standard Variable Rate) of 7 per cent interest-only, costs ?583 a month. By switching to a two-year fixed rate at 4.28 per cent you would only be paying ?416 a month. That is a saving of ?2,004 a year!

3. Beware of redemption penalties on your mortgage

These are charged when you leave a mortgage during its offer period or tie in period. Penalties can cost thousands, so make sure you get full information on any charges from your provider before switching. There is no point having any savings wiped out by the penalties.

4. Remortgage fees

Remortgaging can incur arrangement, valuation, legal and administration fees of up to ?1,500. Make sure you factor the full costs of the fees when calculating the costs of remotgaging

5. Cutting costs by paying the fees

You can find mortgage deals that cover some of the remortgage fees for you. Fee-free deals tend to have higher rates than deals where you pay the fees. The rates tend to be up to a quarter of a percentage point higher than remortgage deals where you pay the fees. The larger your loan, the more cost-effective it will be to secure the most competitive mortgage rate and pay the fees.

6. Fixed or tracker?

Mortgages that track the base rate with a discount are usually cheaper than fixed rate deals. They are great if the base interest rate remains stable or drops, however if it rises so will your rates. The main question is whether you need stability or if you happier to take a chance that rates will stay stable or fall?

7. Remortgaging is relatively painless

A lot of people think that remortgaging takes ages, but don't worry it is a relatively painless process and shouldn't take up more than a few hours of your time. The whole remortgage process usually takes between four and six weeks. It is certainly worth it for the savings that can be achieved.

8. Don't get carried away with the base interest rate

Unless you are an experienced economist it is best not to try to second guess the Monetary Policy Committee by waiting for rates to fall before switching mortgage deal. Plenty of the professionals get it wrong so the chances of getting it right are pretty slim.

9. Advice on mortgage advisers

With thousands of mortgages available, it is best to get an expert to find the most suitable one for you. Brokers work in different ways, some charge a fee and others offer a fee free service and are instead paid a fee by the lenders, but by doing this may not offer you the best deal as they rely on the commissioned income from the lender, possibly choosing a panel of lenders who pay the highest commissions. Understand how your broker operates, and work out the overall costs. It is always best to find a fully independent broker who has access to the whole of the market. If they have access to the whole of the market they should be able to find you the best deal.

10. Do you need to remortgage for the equity?

Releasing equity in your property by remortgaging can be a much cheaper way of borrowing than credit cards and personal loans. It can be tempting to cash in on your home to pay for anything from home improvements to holidays. However, taking out a large amount of cash and paying it back over the term of your mortgage means that you will be paying a lot more back in interest.

Times are tough there is no doubt about it. It seems like whenever you turn on your computer or the TV there is an announcement of a new company collapse that will affect you and your business. With the current state of our economy; owning a clothing line either online or at a brick & mortar location you cannot hide from the recession. There are plenty of ways to increase your web traffic but you have to muster the strength and do it. Here are some ways to further your reach online to launch your business and keep it growing.

1. SEO – Optimize your business's website for search engines. If you have a store, chances are there are specific search terms used to find your type of store. Get those certain keywords throughout your website so people online can find you. SEO works like a magnet for your targeted community. The broader the words the longer it will take, but if you have some products that cater towards a “niche” audience then SEO will be your businesses best friend.

2. Launch a Blog – If you haven't launched a blog for your clothing line or business; this should be a must. This is a great way for your brand to have a voice. You can write about anything and everything related to your business. When you have a new product launching or even if you caught your business partner on camera falling out of his chair; you can allow the world to see it with your blog!

3. Learn to Write – If you are not planning on marketing your company than don't bother starting it. If you want others to see your vision, you will have to be able to write. Many companies, when first launched, are tight on funds. You will find yourself trying to do as much as possible for the least amount of cash possible. Writing articles and press releases will be one great way for others in the community and the press to start recognizing your brand.

4. Social Networking – There are so many different ways to find people online these days and most of them are free! Setting aside sometime each day to build up your presence online through websites such as Myspace and Facebook are a must. This is your audience for clothing. Launch a profile and connect with your friends to start. Engaging in conversation with your friends at first will allow others to start to see your clothing and slowly it will spread. Make sure you leave your social networking profile links on your website so your web traffic can come over and connect with you.

5. Collect Emails – Make sure your website has a way for your visitors to leave behind their email addresses. Once you have collected a decent amount of emails you can then regularly distribute a company newsletter to stay on everyone's radar.

6. Make a Video – Making a video might take a little more time but chances are someone in your circle of friends knows someone who can use a video camera. Put together a short video commercial representing your brand and company and launch that video on sites like YouTube and Vimeo. Wait. Be Patient. Take your time with the video and make sure it has your stamp of approval. Remember Quality sells. If you try to put together a slide show on your movie maker software you might do more harm than good for your brand.

7. Be Unique – If your product is appealing and consumers are purchasing your clothes, even during a down time, that's a great start. It is important to be unique by differentiating yourself from others. Include some fun items in your shipments such as stickers, cards or any type of branding material. This is just one creative inexpensive way to market your brand. When times are tough and money is tight, you can always get creative with packaging! Nobody wants a dingy, beat-up brown envelope with a t-shirt stuffed into it.

8. Be Willing to Learn – When you first launch your clothing line you may not be able to pay employees to accomplish tasks. This is “boot strapping time” and you will need to learn how to accomplish many things on your own. There are many blogs, bookstores and online teachings available at your fingertips. Start learning how to market yourself online, design websites and write articles. It's never too late to learn something. Like they always say “If you want something done, you got to do it yourself!”

9. Exchange of Services – Once you start educating yourself, you will know things others don't. When first launching your clothing line, offering exchange of goods will be important. Don't go giving away your gear to just everyone; but if you know a photographer and you need some professional photos taken for your website; offering free clothes for kick butt photos is worth it! You will have to gauge when it is appropriate for your budget.

10. Learn to Sleep Less – Remember that Rome was not built in a day so don't expect your brand to go worldwide the first week. If you launch your business when you have a day job you will absolutely have to wake up early in the morning and stay up late working to get things done. You have to hustle, work hard and eat, breathe and sleep your clothing brand. Businesses do not build themselves! You can sleep when you retire… until then it is balls to the wall!!!

Article Source : Compare Buy To Let Mortgage

About Author

Both Martyn Barberry & Maciej Fita are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Martyn Barberry has sinced written about articles on various topics from Mortgage. Martyn Barberry?>Striling Mortgages www.stirlingmortgages.com. Martyn Barberry's top article generates over 246000 views. to your Favourites.

Maciej Fita has sinced written about articles on various topics from Internet Marketing, About Branding and Your Online Business. Maciej Fita is the owner of Boston Knucklehead Clothing, a Boston based clothing line representing Boston street wear culture and sports with the passion and pride of being from Boston. Boston Knucklehead Clothing offer cleverly themed. Maciej Fita's top article generates over 6600 views. to your Favourites.