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Can I keep my paid-off London flat and still buy a country house to live in?

Q I have a two-bedroom flat in north London which I own outright. It was valued back in June by three local agents at an average of £385,000.

I would like to buy a property in Hertfordshire and am trying to work out if I will be able to keep my flat as a rental investment and borrow enough to cover the cost of the second home that I intend to live in myself. I’m looking at properties in the region of £150,000 to £180,000.

I work freelance but am not registered as self-employed as I am always taxed at source. I have proof of earnings for the last three years and my annual salary is roughly £30,000.

I have been told that I can achieve a rental income of £375 a week. This would take my annual salary closer to the region of £50,000 if lenders would accept it as part of my overall salary. Do you think this is likely?

Also, would I need a deposit or would the collateral that I have in my flat be accepted instead? I can

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Tags: Buy, Buy Country

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Wipe Out Your Debts With Credit Card Debt Risk Management

Credit card has become a basic necessity in the modern world. Life without credit cards is unimaginable. With a gamut of lucrative offers one tends to get tempted to procure a credit card for himself. But a turning point comes when credit cards are regarded as free cash. This misunderstanding can drive them amidst a stack of debts.

Overspending through credit cards can often land you in a financial crisis. This is when a credit card risk management can come to your rescue. Credit management is understood in different ways depending on your state of affairs. For instance, business owners comprehend it as a route to realize policies and practices to abide by in getting payments from consumers and clientele. A part of effectual big business credit management is an aversion of lengthening credit terms to potential ‘bad debtors.’  Credit management in simple terms would stand for ways and means to reduce your debts in a short span of time. 

Professional credit card debt management can help you to save your credit rating and your funds with ease. A credi

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Tags: Card, Credit Card

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Roth IRA – niche in financial apogees

Roth IRA stands for retirement plan, usually when it comes to money we think a lot on the pros and cons of the plans that we are dealing with. With Roth IRA one can find while surfing on net that it has a lot of pros which would make it to stand out different from a group. To get a clear cut information on what Roth IRA has to offer, one can easily found it out at roth-ira.org. This has some similarities to a traditional IRA plans but the benefits on the former are more, than the later.

In the view for investments in Roth IRA, as said earlier, the benefits Q’s up as such,
1. The minimum distributions that are made in traditional IRA plans are eliminated.
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Top tips to cut down your energy bills.

This winter it is thought that hundreds of thousands of families will struggle with their energy bills after seeing a huge hike in the cost of fuel over the course of the summer. A report by the Citizens Advice Bureau has recently suggested that this year those that are the most vulnerable will have to make a choice between either feeding themselves or keeping warm.

This week marks world Energy Saving Week, an initiative that aims to get everyone thinking about their energy usage and look at what they can do to cut down and reduce their bills.

Here are a few tips that we would like to share:

Although only a few small steps, they can not only save you money but will also make the planet a little bit greener.

We would now like to hear your tips, what do you do to try and keep your bills down?

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Tags: Bills, Energy Bills

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Home Ownership Rates Second Highest in History

The US Census Bureau just released new data showing that the home ownership rate for 2010 is the second highest on record, behind 2000. That’s since the collection of this data began in 1890. But home ownership has experienced the largest decline since the period between 1930-1940. In the last ten years home ownership has dropped 1.1 percentage points.

The data shows that inventory increased by 15.8 million housing units in the decade between 2000 and 2010. That’s a 13.6 increase nationwide. In all states the housing inventory grew, but it grew most in the South and West. The South saw a 17.9 percent increase while the West saw a 17.3 percent increase. The states with the largest percentage of increase in housing units included Nevada, Arizona, Utah, Idaho, Georgia, Florida, North Carolina, Colorado, Texas and South Carolina. West Virginia had the lowest increase of any state with a 4.4 percent increase.

The data shows that cities except for Manhattan, Kansas had more homeowners than renters in 2010. In

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Tags: Highest, Home Ownership, Second Highest

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