How the Responsible Lenders Code could derail your loan application

Cutting costs is a smart move. Cancelling your insurance probably isn’t. The kneejerk reaction we often see when clients want to reduce outgoings is to suggest cancelling the insurance policy. This is risky, because if you can’t afford it, you definitely need it.  Never forget: Your ability to earn is your most precious asset. So think hard before you eliminate your health or income protection. Instead, here’s how you could make some real savings – and still stay protected: Let's review all your policies and see which ones are still fit for purpose. Chances are, plenty has changed since you last took out your policy. Maybe you have sick days banked, so you could extend the excess and save some money. Are there multi-policy benefits you could access by having a range of covers with one insurer? Perhaps your risk profile has changed. For example, if you’ve made a big dent in the mortgage, you might be able to reduce the sum insured. These are just a few ideas – there are many possibilities. Let’s sit down and work out the cover you actually require now, and make sure you don’t pay a cent more than you need to. If you haven’t had an insurance review recently, click the link below or send us an email, and let’s get your review underway. After all, who doesn’t like to save money?

Lately we’ve had lots of clients contact us about refinancing. In fact, we arranged more refinances last month than we did for the whole of last year.