If your mortgage is the single biggest expenditure, see the guide to Remortgaging in 2015

If your mortgage is your single biggest expenditure, cutting its cost is likely to be your biggest single money saver.

UK mortgage market

The UK mortgage market is one of the most competitive in the world, yet the number of deals out there makes it hard to know what’s best for you. There may be a deal out there for you, but it’s got tougher. Therefore the aim is to find the best deal for you and to figure out whether you’re eligible for it.

This guide is for anyone who already has a mortgage on their home. A re-mortgage can be for many reasons – maybe you’re coming to the end of your current deal, or your deals no longer right for you. Or maybe you want to try and cut costs, or consolidate debts?

Remortgaging means shifting your mortgage from one lender to another to get yourself a better deal, you don’t even have to move house to do it. There are many reasons why re-mortgaging could make sense for you but the main one is simple, saving money.

A mortgage is the biggest financial commitment for most people, for some; sticking on the standard variable rate (the rate you ended up paying after your introductory offer has ended) is the best option. However, it is always worth challenging your current lender to give you a new offer as it could reduce the fees you pay to get a new deal.

If you feel that it is time to move onto the next provider, remember that although this will save you money in the long run, re-mortgaging comes at a price. Mortgage interest rates have dropped, the fees lenders levy have increased significantly and you may need to pay an exit fee to leave your current lender and, depending on your deal and early repayment charge as well.

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Self-Build Zone and Build-Zone Structural Warranties exhibiting at Grand Designs Live

Grand Designs Live, the UK’s leading contemporary home show, will open its doors from 12th – 14th October 2012 at Birmingham’s NEC.

Based on the Channel 4 TV series, and presented by design guru Kevin McCloud, the event will be packed with over 500 exhibitors, across six different sections, covering interiors, gardens, home improvement, self-build, renovations, technology and shopping.

Self-Build Zone and Build-Zone Structural Warranties are delighted to be exhibiting, this event will provide expert advice on all the things you need to know when it comes to your home.

A great opportunity to speak to us and have us help you with any questions you might have about site insurance which is essential for anyone planning an extension, renovation, conversion or new build.

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Structural warranty provider Build-Zone strengthens team with two new appointments

Structural Warranty Provider Build-Zone has strengthened the team by announcing 2 new appointments.  Vicki Marshall and Chloe Hayward.

Vicky Marshall has progressed at Build-Zone from administration to a new position as Trainee Insurance Technician.  After leaving secondary school Vicky attended West Kent College where she studied Secretarial for 2 years.  She then spent 5 years as a secretary for a firm of chartered surveyors.  Vicky joined Build-Zone in April when she originally looked after the administration for the Build-Zone team including allocation of payments and the issue of all certificates.  Vicky is now training to become part of the underwriting team which involves the rating of premiums, issue of quotations and handling enquiries.

Vicky can be contacted on 0845 230 9873 or email Vicky.marshall@build-zone.com

Chloe Hayward is the newest member of the Build-Zone team.  She recently joined Build-Zone as Trainee Insurance Technician following three years studying at college at NWK College in Gravesend where she completed her exams in June 2012.  Chloe’s responsibilities include handling the administration for the Build-Zone team: the issuing of certificates, data entry and allocation of payments.  She also provides support to the other team members in producing quotations and corresponding with clients.

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Industry Conference – Exploring the latest issues in the property development market, from finance to construction

The conference, billed as the first of its kind to bring together developers, lenders and representatives from the construction industry to explore the latest issues, legislation, products and funding availability.  Organised by BuildStore Financial Services, the self build, renovation and conversion mortgage specialists, the conference was held at the National Self Build & Renovation Centre in Swindon on May 29th.

The housing market is now a major priority for the Government and the publication of its Housing Strategy last year presents a unique opportunity for developers to take advantage of the release of public sector land, the push to bring empty properties into use, and the New Homes Bonus Scheme for councils.

The Government is keen to see regional developers play a bigger role in providing new homes, and with commercial lending making a strong comeback through BuildStore, there are real opportunities for developers to profit in the current market.

Build-Zone Director Simon Middleton gave this presentation on The Business of Property Development – The new Home Warranty

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Get Britain Building Programme receives enthusiastic feedback

The Homes and Communities Agency (HCA) has confirmed that they have received a very positive response to the Get Britain Building Programme with the programme becoming a central part in tackling the housing crisis.

Funding allocations under a special commissioning stage, running alongside the main bidding process, has also been announced.

A total of 170 expressions of interest submissions have been received under the main bidding process, many of these submissions contained bids for multiple schemes. The HCA will now asses these expressions of interest looking at factors such as; value for money, deliverability and fit with local priorities.

A shortlist of schemes should therefore be released by mid-March.

Furthermore, 18 sites will go forward to the next stage of the assessment process to unlock delivery on commissioned schemes, these are of a high importance to particular communities and can create ample local benefits. Up to £46m could be allocated to the 18 commissioned schemes to deliver 1,300 new homes including on public sector sites.

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