The number of people living in flats is rising. And as more people all over the world migrate from rural areas to cities and population experts predict a rise in the global populace from 7.6 billion to 9.8 billion between today and 2050, going to borrow some sugar from the next flat is likely to become a way of life for most of us.

This is just one of the many facts that Deacon, the blocks of flats insurance specialist, shared with us recently. We learned, for instance, that if a block of flats were to be under-insured, the insurer could reduce the claim in proportion to the under-insurance. So, let’s say a flat was insured for 50% of its correct value. In the event of a claim being made, only 50% might be paid. When you also consider that such buildings carry a higher risk of claim-worthy events such as storm damage, fire and water damage amongst other things, we can see why choosing the correct insurance product is vital!

Also easily overlooked is professional indemnity insurance. Remember, any advice that a landlord provides to their clients is potentially legally binding. Indemnity insurance can help protect the business from potential financial catastrophe and reputational damage from dissatisfied clients.

To find out what else we learned, read on for 10 things you didn’t know about flats.

The Romans Did It First

Not many people were taught this in class, but the Romans built the first flats. With their successful campaigns and a stable economy in the middle of 100 BC, Rome’s population began to grow and housing became a problem. To figure the problem out, Roman engineers built stronger structures that could go higher in the sky; using lime and volcanic sand to make concrete and standardizing blocks to make construction quick and reliable.

A Forest in Your Flat

The Bosco Verticale are two apartment buildings in the middle of Milan where trees and plants grow all around and through from the ground up. Designed by Stefano Boeri, this “Vertical Forest” has more than 20,000 trees and plants peacefully sharing space with the residents, and his design is being copied all around the world.

A Flat Forgotten

Marthe De Florien was a famous French actress who fled her flat in Paris in 1934, just before WW2 began. She never returned, and nobody is certain why. Her landlord, however, had no idea her flat had been vacated and left it empty until his death in 2010. When agents were asked to value his estate, they found her flat, forgotten all those years and untouched, like a jewel in time.

Shapeshifting Apartments

Fans of Star Trek may be pleased to see the future arriving; the architectural firm, Dynamic Group, has designed the first ever rotating and shapeshifting tower block of apartments, to be built in Dubai by 2020.

Recycling Plastic? Try Entire Buildings!

In the UK, many of our landmark buildings are being pulled down to be “recycled” into blocks of flats. For example, the Hoover Building and Battersea Power Station in London and the BBC Television Center at White City have been repurposed into blocks of flats. This trend is likely to continue as demand for apartments in prime city locations continuously rises.

Choo Choo! Train Coming Through!

In the Chinese mega-city of Chongqing, there are apartment buildings that were constructed with space to let trains run through them!

Size Matters

The smallest two-bedroom flats in the world are in Wuhan, China, where each apartment is only 50 square feet. The largest apartment building is the Copan Building in Sao Paolo, which has over 1,160 apartments in its 38 stories that house more than 5,000 people. The tallest building in the world is the Burj Khalifa. But even at 72 meters high, it won’t be the tallest for long. In 2020, the Jeddah Tower should be set to take that prize, coming in at 1,000 meters high.

Going Down and Into the Water

A few thousand years since the Romans built buildings going up, we are trying to build some going down. Since 2011, Mexico City has been working on plans to build a 35 story upside down pyramid. And in Rio De Janeiro, proposals have been put forth for Aequorea – an underwater city to be built off its coast.

Really Expensive

In the UK, deacon.co.uk tells us that London is the most expensive city to live in, costing £7,090 per month. Brighton, Edinburg, and Oxford tie for second at £5,000 per month. But in areas like Southampton, residents can live a decent life for about £3,000 per month.

Feudal Practices

In England, the feudal system of land ownership is still practiced, meaning it’s entirely possible to lose your flat if you skip out on mortgage or service charges, regardless of how long you have been paying them. In Scotland, however, the feudal system was abolished in 2004, protecting homeowners and leaseholders from such practices.

http://www.deacon.co.uk

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Before making a purchase, you probably check online to see what other people have to say about the product or service. These reviews – often with a 5-star rating system – have an enormous effect on people’s purchasing decisions.

The UK CMA (Competition & Markets Authority) estimate that over £20 billion of sales are a direct result of positive reviews. In separate research in 2016 they also found that a 1/3 of consumers were disappointed by something they’d bought online having trusted the excellent reviews they’d read beforehand. None of us can afford to waste our hard-earned cash in this way. If you do face problems funding purchases, Online Credit USA is a reputable forum to apply for payday loans online.

Reviews are important money earners for businesses, but how can you tell if a review is genuine or a fake? There are some signs that should make you wary of reviewers’ comments.

Style of English

Realising the money to be made from online reviews, some companies hire writing mills (often located in the Indian sub-continent) to churn out online reviews. Although they might pride themselves on the high standard of their English, you can sometimes spot a fake review because the English just doesn’t sound natural. Also, there might be inappropriate use of capitals and/or punctuation marks especially overuse of exclamation marks to transmit a feeling of enthusiasm.

Content

When reading online reviews, consider what information you’ve actually been given about the product or service. Gross generalizations such as ‘Best ever!’ and ‘It changed my life!’ don’t really add anything to your understanding of the product and should be ignored.

On the other hand, lots of technical jargon might be the sign of a professional writer’s research. Similarly, if someone mentions the name of the product in full, it’s often the tell-tale sign of a pro. This would only be written as SEO content and is aimed at a search engine rather than other consumers.

Trust 3-/4-Star Ratings

Are you always 100% happy about your purchases? Often fake reviews cluster at the 2 extremes – enthusiastic 5-star ratings to boost sales or 1-star reviews to trash their rivals’ products. Ignore these reviews unless you feel they make a valid point and concentrate on the ratings in the middle. These are much more likely to be authentic and aren’t written with an eye to making money.

What are the alternatives to online reviews?

Instead of placing your trust in anonymous online reviewers, your research before buying a product or service should be more widespread. Ask around your family and friends for their own buying experiences or access blogs and other forums to see what is being said about these products. You’ll usually find that they discuss matters with more in-depth information and some disagreements too (which can help you decide).

One good example is a recent analysis of instant loans. Visit the page to see how they compared the claims of lenders with the reality to reach an unbiased decision.

Finding the right car insurance company can seem very complex, especially if you’ve never gone through the process on your own. There are many factors to consider, including but not limited to price, policy offerings, billing, claims, and customer interactions, which is why trying to compare insurance companies can really throw even the most brilliant among us for a loop. On top of all this, the persistent myth that the only feature that really matters is price can make one’s search even more challenging. And if you happen to be a millennial, the whole thing may seem unaffordable. But fear not, because where there’s a will, there’s the perfect car insurance for you.  Through online services you can compare car insurance quotes for free in your zip code and find the best deals!

How the search for auto insurance differs for millennials

Fact: nearly 23% of millennials live with their parents, up from 13.5% in 2005. And, while this cost-saving measure may be a financial help in several key ways, car insurance is not one of them. Millennials who live with their parents will pay up to 73% more for auto insurance than those who own their own home. The lucky generation’s premiums average $1750 per year, compared to averages of $1205 for those who own a single family home and $1009 for those who happen to own a condo. And since insurers include age, type of car, zip code, and driving record among their risk factors, millennials do tend to get the raw end of the deal relative to previous generations due to their relative lack of experience with both driving and credit.

The good news? Even if you’re living at your parents’ home and not yet ready to move out, shopping for car insurance regularly can yield real savings. After all, quotes from a variety of carriers can differ by up to a $1500, and careful, selective shopping can save more than $50,000 over the course of a lifetime. And, of course, as soon as you are ready to move out on your own, car insurance is one of the very first expenses to revisit. This is smart even if you don’t end up buying a home, as auto premiums change from zip code to zip code, so your new neighborhood may lead to lower rates.

How to pick the best car insurance for you

Although car insurance offerings are fundamentally the same for many common carriers, and although low cost is obviously a prime consideration, so is a company’s record on customer service, the overall customer experience and the nature and quality of the company’s claim service, among other things. No matter what you do, don’t count yourself among the many who simply pick an insurer after they buy their first car and don’t bother looking at the details of the policy for years to come, because it may come back to haunt you when you actually need to use it.

Consider the following tips on how best to select the car insurance that’s right for you:

• Do an annual rate check. Check rates from other companies to make sure you’re getting the best deal.
• Shop around. If you stick with the insurance company your parents use out of convenience, you might not get the best deal. Or have the best experience, for that matter.
• Ask for discounts. The best insurance companies offer discounts, among them are car insurance discounts for college students. You can usually find information about this when you apply online, but never hesitate to call a provider for more information.
• Pick an insurer with a reputation for dealing well with claims, payments, and non-claim problems too.
• Maintain good credit. Regularly check your credit score since a low score can really impact your premium.
• Set the right deductible. A higher deductible reduces your premium, but of course, you have to pay more in the event of an accident. If you have a good driving record, you may want to opt for a higher premium. It’s a risk, but you could save up to 40%.
• Review your coverage. Check to make sure you have enough liability coverage for bodily injury and property damage. Over time, costs and risk increase, and so should your coverage.
• Report reduced mileage. By driving less, you may qualify for a lower premium. If you’ve changed jobs, are now working from home, or have become unemployed, call your insurer.
• Take note of where your insurer sends you for repairs, as the repair shop may push for cheaper replacement parts rather than original equipment from the manufacturer (OEM parts).
• Choose the right car. Vehicle damage and associated repair costs are a big factor in the price of auto insurance. When looking for a new car, compare the data on collision by vehicle model.
• Don’t be loyal for the sake of being loyal. Unfortunately, sticking with the same company because it’s easier may not get you better rates over time. Some providers may even increase your rates indirectly because they know you’re in for the long haul.

If the above list overwhelms you, take solace in the fact that Clearsurance has already done most of the legwork for you — they’re empowering consumers by providing a transparent, unbiased look at insurance providers through crowdsourced reviews and ratings. Services like this are ideally suited to millennials looking to purchase car insurance for the first time as they go far beyond simply listing the best price: they provide real life ‘trust-scores’ and user experiences from which to glean valuable knowledge. Learn more about who consumers rate as the best car insurance companies in 2019 by visiting Clearsurance today!

Having bad credit can often make a person feel as if they have no chance of owning a home in the near future. This is not the case, and while it is definitely more difficult to obtain a mortgage with bad credit it is not impossible. There are multiple options available, in order to aid people with bad credit history to obtain the house.

Previously multiple lenders were founded in order to help people to receive mortgages with a bad credit history. These mortgages are known as bad credit mortgages or subprime mortgages and are not as readily available as before, due to them being thought as the reason behind the financial crisis that occurred in 2008.

Today, lenders tend to be a lot more stringent when it comes to granting mortgages, mostly due to new regulations that have been put into place. This makes it even more difficult than before to obtain a mortgage if your credit history is not up to scratch.

What is regarded as bad credit?

Your credit score is the number assigned to you by credit agencies. This number is dependent on many variables and shows your ability to pay debts, as well as your past history of making payments towards any debts and credit arrangements. It allows financing company is to see how reliable you are when it comes to returning any money you owe, allowing them to make a decision as to whether they are willing to take on the risk of providing you with finance.

What is defined as bad credit can vary greatly from one lender to another. Generally, you will be regarded as having bad credit if you have previously defaulted on payments, have CCJ’s or any bankruptcies.

Being unable to secure finance if you have not borrowed before can also cause problems when applying for a mortgage. Due to lenders not being able to assess whether you will make regular repayments as agreed in the terms of a mortgage, because of you having no past history of lending can make it very difficult for financing company is to be able to come to a conclusion as to whether you are a risk when it comes to lending you money.

If this is the case you would most probably not have the ability to access as many mortgage options as other people resulting in offers with higher interest payments. This means you will also have to resort to taking out a bad credit mortgage.

What is a subprime mortgage?

A bad credit mortgage is just like any other mainstream mortgage, with one slight difference: they except people who do not have an immaculate credit history. Bad credit mortgages tend to not be as financially beneficial as normal mortgages. Their repayment and interest terms will normally be a lot higher than the mortgage is offered to people with good credit ratings. This is done to safeguard lenders from any risks that you may pose.

Additionally, the amount of deposit required to obtain a subprime mortgage tends to be a lot higher than the normal 5 to 15% required on a mainstream mortgage. If you are having difficulty with obtaining this large sum of money there are government schemes available to help you do this. Help to buy schemes allow potential homeowners to borrow up to 20% of the property price interest-free for five years from the government. This may aid greatly when it comes to obtaining a bad credit mortgage.

The process of applying for a bad credit mortgage:

The best way to find a bad credit mortgage is usually by utilising a mortgage broker. These brokers have a vast amount of knowledge as to the mortgages available on the market and the terms, thus enabling them to better advise you as to which mortgage you are most likely to be accepted for.

It is important that you avoid continuously applying for several mortgages, especially if you have bad credit. Most mortgages are designed for people who have a history of making repayments on time and a good credit rating. This means that you are more than likely to be rejected the most mortgages, resulting in further damage to your credit score. Instead of applying to a whole host of mortgages, it might be a good idea to have a conversation with your bank especially if you have a long-standing relationship with them. They may be able to aid you in finding a mortgage that you qualify for. – ukpropertyfinance.co.uk

Sometimes credit card debt can sneak up on you, thanks to a thousand little purchases you needed to make at a thousand different times. Sometimes your debt is large enough that there’s no chance of avoiding it, such as a big repair bill or hospital bill you need to pay off but can’t afford to pay it all at once. Either way, card debt can quickly become a serious problem if you aren’t able to pay off your balance every month. The interest rates usually aren’t kind, so it’s important to know how to handle these debts and improve your situation.

1. Debt Consolidation

Image via Flickr by ThomasKohler

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While short-term loans are a quick and easy way to get some cash, they often make it difficult for people to get out of debt. High interest rates and fees often have people desperate for money finding themselves stuck in the cycle of debt and repayment. Luckily, there are many borrowing options that can help you avoid this. Even when you have no better option than taking out a loan, you should do your best to find one with reasonable interest rates.

It is important to resist credit loans for non-essential purchases. While short-term loans can make it worse when you need to pay for rent, bills, or other essentials, it doesn’t make sense for purchases like clothes or a night out either. Instead you should speak to a debt advisor or an organization that can provide help with debt advice for free.

Don’t spend more money to try to end your problems with money. If you need to borrow, there are the following options to help you avoid short-term loans. Still, according to specialists from MoneyPug, a site commonly used to compare loans, it is entirely possible to find a reasonable interest rate if you are forced to take a loan out.

Advance in Salary

The most common situation is when someone runs out of money before they get paid. If this happens to you, you always have the option to ask your employer for an advance. While every employer has their own policy, if you are receiving benefits you may be able to repay the advance with them. Your employer may say no, but it never hurts to ask. You may end up being surprised by their response.

Borrow from Loved Ones

Another situation is when an unexpected emergency occurs. In this scenario, it may be best to borrow money from your family or friends. That way you can take care of the emergency and establish a plan to repay the borrowed money. You should discuss what will happen if you take too long to pay it back and consider putting the agreement into writing to assuage trepidation.

Borrow from a Credit Union

Another affordable way to avoid short-term loans is borrowing from a credit union. This can be particularly beneficial because there is a limit on what credit unions can charge for interest in the UK. For example, they can charge three percent a month or 42.6 percent a year in England, Scotland, and Wales. It is even lower in Northern Ireland, with rates at one percent a month and 26.8 percent a year.

Use Credit

A credit card can be a very useful tool in order to borrow money, but it is key to keep up with payments. Otherwise you will find yourself deep in the rabbit hole of credit. Using a credit card for purchases and withdrawals can really help out, but the interest rates are still very high. If you keep your spending down, pay the bill every month, and use it only in dire situations, you will be able to effectively increase your credit score while avoiding debt. If you pay each month it will still be cheaper than a high interest short-term loan.

Authorized Overdraft

If you find yourself in a bind at the end of the week or month, you can always use an authorized overdraft on your bank account. While there will be hefty fees associated with overdrafts, they are still cheaper than repaying loans. Staying within the limit can help avoid fees. This should only be used in certain circumstances. Like other methods of borrowing it can lead to continued problems with money.

Welfare

Finally, another option to avoid short-term loans is applying for welfare. If you’re struggling to buy food, clothes, or heat your home, you will likely be approved for essentials. Varying from region to region, welfare can provide food at food banks, vouchers, pre-payment cards, and even furniture.

There are many options to borrow money. The chances are you don’t need to use high interest short-term loans. But if you find yourself in a bind and none of these options will do, make sure to get the best interest rate and the smallest amount of fees possible. You will thank yourself in the end.