Cheltenahm and Gloucester Reducing LTV

Lloyds TSB lender C&G Cheltenham and Gloucester have joined the rush to reduce the amount of loan offerred on a property
Gone are thier 95% loans and the maximum LTV loan to value ratio they'll advance now is 90% but suspect to further reduction

Debt Forum

If you have debts you can't seem to handle, please share them here, confidentially of course - if you want a one to one opinion please mail us at info@mycbi.co.uk and get unbiased advice as to the best thing for you

Beware, Insolvency Practitioners, or IP's as they are known, do have a hefty fee interest in your debts and IVA's are not always the right answer - IVA's leave you with as much money as bankruptcy, live on nothing in effect! No school trips for the children, no Valentines Dinners or expensive Mothering Sunday or Mothers Day Gifts because theres no money left!

Debt Management by informal arrangement is usually far better MyCbi My Clients Best Interest

Commercial Mortgages and Business Banking

Bravo America & Bravo Greed

The USA sub-prime fiasco continues to hit us all, private domestic and business - the banks do have money, well some anyway, but they are hanging on to it, they have to in some cases, just to keep their accounts in order, balance sheets and all that hence the credit crunch

But the greed did rather blinker some institutions too - buying up these mortgages has forced the funds and institutions to look at their exposure and so tighten their belts (and so ours) and put more aside than they might have done before

So, loan to value ratios are tightened and security requirements increased, but we at MyCbi do still have some back doors open for better banking facilities, please mail us at info@mycbi.co.uk or telephone 01162 912 478 for informal discussion about routes and solutions open to you

PPI - ASU - Who pays the bills?

Payment Protection or Accident Sickness Unemployment Insurance all sound great, say they will pay the bills if you are unable to work - though it is usually stipulated 'through no fault of your own' - what a get out clause that can be!

And, according to the FSA estimates as many as 2 out of 3 such policies have been mis-sold

Martin Lewis the moneysavingexpert advocates everyone claims back their premiums, with interest and perhaps even damages - well yes, but surely one should have something else in place first, before these policies are canceled, yes?

The Sick Pay Club covers people for their wages in they are off work through an accident or through illness - and keeps paying those wages right through to retirement or age 65 years

Unemployment cover is not included and perhaps quite rightly so too!

Insurers, being insurers usually have the right to say to policy holders, get a job, stack shelves, do agency work or similar - and after a few months they really do monitor claimants that they properly look for work or they stop paying the cover, and anyway, it was only going to pay out for a year anyway (or thereabouts) so redundancy cover as it is sometimes called isn't worth a lot if one is sacked, is it

However, reliable cover to pay wages is important and the PPI policies again only pay out for a year or so - far better to join a club that looks after its members, surely?

Find out more from info@mycbi.co.uk or telephone 01162 912 478

Sick Pay Club

Everyone advocates claiming back premiums and interest on mis-sold ppi policies and quite rightly too - but what happens then?

The Sick Pay Club is an old fashioned remedy to a very modern problem - no work, no pay!
If you cannot work The Sick Pay Club will pay up to 65% of your wages even after only 1 day sick leave, or you can choose to have less of your pay covered, but not more and you also have the choice to delay payment of your sick pay until you have been off work for either 1 week or 1 month or longer if you wish - obviosly, the longer you wait before drawing sick pay, the lower the contributions you are asked to pay

Find out more at www.MyCbi.co.uk or e-mail info@mycbi.co.uk or telephone 01162 912 478

Cancel your mortgage

Some mortgages are illegal and can be cancelled even though you keep your home, for free!
There are moves afoot to challenge some mortgages and have them wiped out altogether and so leave the homeowner just that, a homeowner with no mortgage
Contact us now at MyCbi to find out more about this - email info@mycbi.co.uk or telephone 01162 912 478

House Price Rise

Land Registry says that house prices actually rose in January of this year - however, this information might be based on sales prices of up to three months ago - we will investigate and report back