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Myth #1 – Don’t assume your insurance company won’t care about what you buy. The fact is, is that the companies do care, and the cheap auto insurance you were carrying on that old pickup with liability only isn’t going to be so cheap anymore when you add that new hotrod with full coverages to your policy. When insurance companies charge a premium for a vehicle, they look at several factors including how many miles a day or year it is driven, who is driving it, how big or small of a physical damage deductible the owner is willing to carry, the driver’s accident history, performance and crash statistics for the vehicle and it’s cost new. One of the problems people often face with buying a new car is the insurance... Read more »

If your mortgage deal is no longer competitive, it may be time to switch. However, choosing the wrong mortgage could cost you thousands of pounds a year. Here are the most important things to consider when planning to switch mortgages. Compare mortgages Your bank may advise you to take on one of their mortgages. Before doing so, make sure you compare all kinds of mortgages and consider taking a mortgage with a different provider – there may well be better mortgage deals elsewhere. Consider the pros and cons of different types of mortgage Particularly if you are taking on a long-term mortgage, you need to consider whether interest rates are likely to rise or fall. For low or falling interest rates, you could be better off with a tracker... Read more »