Issue 3: July 2009 | Visit IMDNE online | View online version | enquiries@imdne.co.uk

Hello,

Welcome to this our third newsletter which has been designed to keep you up to date with developments and introduce new ideas and helpful aides to keep you in the loop with financial decisions in this area of your finances

This edition has been sent out early because of the recent rises in long term fixed rate products and changes in the market.

The newsletter is not designed to replace your adviser and I would reitterate that we are just a phone call away if required.

Protect Yourself As Rates Are Predicted To Rise

As the graph above indicates, interest rates in the UK are at their lowest for 300 years and many homeowners are wondering if they should lock in their mortgage at these low rates in order to save money on their mortgage payments. Well just imagine how you would feel if the above graph was to happen in reverse !!

The recent news from the mortgage market with home sales up 40% in March is positive indeed and offers a glimmer of hope that the current recession is nearing an end. With the end of the recession in sight, it is likely interest rates will begin to rise.

The last two weeks have seen lenders withdraw their long term fixed rates and replace them with more expensive products. This movement in the market is significant as it indicates that the cost of long term money is prediced to rise or put another way, interest rates may shortly start to rise.

There really has never been a better time to fix your mortgage interest rate in order to secure the cheapest available rate before they increase further and protect against predicted future interest rate rises

At Independent Mortgages Direct NE we've made sourcing and arranging an appropriate mortgage product simple, your adviser will be more than happy to take you through the whole process from start to finish. You can call us free on the number listed below or simply complete our call me back or enquiry forms and we will contact you.

Call FREE on 0800 035 0095

Buildings & Contents Insurance

There are few things more precious in life than our own personal space or the home we make for our families. Our place to live is often the most valuable commodity in our lives and the contents within are frequently not just expensive, but of great personal value.
At Independent Mortgages Direct NE we recognise the need to protect your home and it's contents, which is why we have negotiated some of the cheapest buidings and contents insurance to get you the best price without compromising the quality of your cover.
It’s easy to think that bad things happen to other people and not youself, but the facts suggest that isn’t a risk we can afford to take. After all, the more you have the more you have to lose !! One in three of us will get burgled at some point in our lives yet about a quarter of households are not protected by any form of home insurance. With other unfortunate occurrences such as flood/storm damage, fire and more, threatening our homes and their contents, by not having insurance we are leaving ourselves open to serious financial loss.
Our home insurance can now offer something for everyone with insurance for homeowners, tenants and landlords. Increasingly, mortgage lenders will insist that you have buildings insurance to obtain a mortgag
Just click on the photograph above to obtain your personal illustration.

Accident, Sickness & Unemployment Cover

With the downturn in the economy, you may have heard how many homeowners are suffering financially. For example, the Council of Mortgage Lenders expect around 75,000 homes to be reposessed this year, compared with 26,000 last year and just 8,000 five years ago.
It’s a worrying time, but there are simple steps that you can take to help safeguard your home during these difficult times. For example, you can help protect yourself from the financial consequences of being unable to work.

Imagine you have to stop work because you were sick or unemployed.

How much would it cost each month for your mortgage and living expenses ?
How long could you live on your savings ?
What would happen when your savings ran out ?

Being out of work is stressful enough and, if it happens, it is important to be able to concentrate on getting well or finding another job.

The good news is that we can help you protect yourself against the financial consequences of being out of work due to illness or redundancy. And it’s probably quicker, simpler and more affordable than you expect
Just click on the photograph above to obtain your personal illustration.

Check out more at our website

Missed June's Newsletter ? To View Click Here

Interest Rates

BBR: 0.5%

Home Information Pack

Our basic HIP price is only £275 + VAT but with our new "No Sale No Fee" option you can now obtain your Home Information Pack and deferr the payment for 9 months. If your property is actively marketed over the full 9 months and you don't receive an offer within 95% of your asking price you will be sent a cheque to clear the cost of your HIP.
Please click on the picture above to obtain further details and order your HIP on-line.

Home Buyers Protection Insurance

Purchasing a home is one of life's more stressful activities. The process is expensive, fraught with difficulties and if anything goes wrong, the buyer always seems to end up picking up the bill. However, this has changed, thanks to a new legal expenses product, the Home Buyers Insurance Policy. Click on the picture above to find out more and obtain your personal illustration.

Life & Critical Illness Cover

Click on the picture above to obtain important information and free personal illustration for this important area of your finances.

Travel Insurance

Well it's that time of year again and whether it's a single trip or annual cover we can offer competative insurance to suit your individual, family and sporting travel needs.

Click on the photograph above to obtain your personal illustration and arrange your cover.

Credit File

Your credit file is now more important than ever and checking it regularly is one way of keeping up to date with who is checking in on you. Click on the above logo to obtain a FREE copy of your credit file.

Breaking News

Bank of China enter the UK mortgage market with Buy To Let products.

House prices rise by 1.1% in June.

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Registered office: 11 Defender Court, Sunderland, Tyne & Wear, SR5 3PE

Tel: 0191 5482200