Tag Archives: Personal finance

What Is A No Deposit Home Loan?

With no deposit loans, you can buy a house without a down payment. The most common types of no deposit loans are 100 percent loans and 106% loans. With a 100 percent loan, you can borrow an amount equal to the full value of a property. With a 106 percent home loan, you can borrow the full value of the property in addition to an amount that covers mortgage insurance, legal fees and stamp duty. There are also low deposit home loans available from certain lenders. With a low deposit loan, you might get financing for between 95 to 97 percent of the property value. The amount you can borrow is generally between $300,000 and $485,000, and you must live in the home you purchase.

Who Can Benefit From No Deposit Loans?

When you don’t have a down payment for a house, a no deposit loan will allow you to purchase a property. These loans are most popular with first-time home buyers, those who have recently divorced and young couples. They are also an option for those with limited incomes or who have money that’s presently tied up in other investments.

Can I Qualify For A No Deposit Home Loan?

If you have an excellent credit score, a guarantor with good credit, and you earn enough to make the repayments, you may qualify for a no deposit or low deposit loan. Most lenders require that you be financially stable and have significant savings. Your income must be strong and consistent, and you will need to demonstrate a solid work history. If you are self-employed, you might have trouble qualifying for this type of loan no matter how much you earn.

Are There Disadvantages Or Restrictions With No Deposit Loans?

Your interest rate will probably be higher than it would be if you had a deposit, but the terms of these loans vary from lender to lender. With a no deposit loan, you’ll probably be charged more for mortgage insurance and you may have to make higher monthly repayments. Interest rates will differ between lenders but may be capped, floating or fixed; it pays to shop around for the best possible offering. Some lenders require that the property be located in a certain area; other lenders will not grant loans if the property is presently vacant or is situated in a deteriorating neighbourhood. These loans are considered high-risk, so not all lenders offer them.

A home loan calculator will be beneficial in helping you formulate the repayments you are going to need to make to stay on top of the loan.

Create a Private Oasis with Landscaping Ideas That Also Increase Your Home’s Value

“Something there is that doesn’t love a wall.” This is the opening line of Robert Frost’s poem “Mending Wall,” which suggests that while privacy is often necessary, the means to create it are not always visually pleasing. Later in the poem, he suggests that his apple trees and his neighbor’s pines, natural landscaping, offer privacy enough to not need a wall. Whether you’re looking to sell your home or just increase your privacy, landscaping can significantly increase your home’s value and your enjoyment of the property.

To fence, or not to fence: Consider the benefits of using landscaping for privacy

There are several advantages to choosing landscaping for privacy instead of typical fencing. Privacy landscaping creates a retreat for your family, and can increase your home’s value (making it a great tip for selling your home).

  • Landscaping for privacy may be more affordable than conventional fencing options and is just as affective at reducing unwanted sound
  • Landscaping ideas like lilacs or rose bushes are more aesthetically pleasing in shape and color than wooden or chain-link fences
  • Zoning regulations are often less strict with respect to allowing natural landscaping versus fencing
  • Landscaping provides the same privacy as a fence but is not as permanent or restrictive

Create a backyard getaway with a variety of plants

Landscaping for privacy offers diverse options, including shapeable hedges and loose layered borders with smaller shrubs. Consider the layout of your home and garden to find the best design option for your yard.

  • Yews, Privet & Boxwood: If you’re looking for the typical straight hedgerow you should consider these shrub varieties. Keep in mind how much shade and water they need and trim them so the bottoms are wider than the top to provide adequate exposure to sunlight. Also consider how high you want your hedge to grow as certain shrubs have a maximum height.
  • Evergreen or deciduous: Of course it doesn’t have to be one or the other and most loose borders will benefit from having both, but be sure you know the difference. Even though burning bushes look beautiful when they turn colors, as deciduous shrubs, they lose their leaves in winter. Arborvitae on the other hand is a lovely cone shaped evergreen that will hold its color all year and might be the perfect addition to your landscaping. Other colorful additions to consider are deciduous lilacs and rose bushes, or evergreen butterfly bushes that will attract some fluttery friends in the summer.
  • Fruit-bearing trees & shrubbery: If you have the space for it, consider planting fruit trees on your property and benefit from the shade and the snack. Even if you don’t have room for a small orchard, consider berry bushes or grape vines for a fruitful property line.

 Finance your landscaping project with a home equity loan

While you may not think planting a hedge could increase your home’s value, increasing the privacy of your property with landscaping is a helpful tip for selling your home. This is because “living” fences are often easier to remove or adjust. No matter how long you plan to be in your home, consider borrowing off the equity in your mortgage with a home equity loan to finance your landscaping ideas. Not only will natural landscaping provide your family with a quiet space to relax, but a simple, low-maintenance hedgerow may also benefit future buyers.


Sponsored content was created and provided by RBS Citizens Financial Group.


Easy Ways to Save Money by Refunding

Using a few tips can help you to save dozens of dollars a week.  This can fairly quickly add up to be substantial savings.  Keep track of your savings to see how they add up and inspire you to continue making an effort to save money.  By aggressively shopping the sales, you can often get premium brands cheaper than the store’s generic items.

Pay attention to grocery store flyers

This seems like an obvious thing, but it’s easy to be too busy to even look at a sale flyer.  It can be a mistake to avoid them, since poring over a grocery chain store’s sale ad can easily save you $50 on a shopping trip for one or two people.

Frequently, there are coupons that can be matched to items on sale.  This is a way to save additional money on top of substantial sales.  Often, these coupons are found in the Sunday paper of the week for which the sale will start.  For example, items that go on sale starting on Wednesday of a week will usually have coupons available in the previous Sunday’s newspapers.  It pays to save the coupon inserts and then look through them after you have received the sale ad.  This saves you having to go through and cut coupons you may not end up using.

Items that are frequently on sale and do not have matching coupons are fresh produce.  Coupons for produce do exist, but are rare.  You can get fruits in particular at significant savings by tracking their sales.

The Basics of Inexpensive Buying

Sign up for a reward card from stores you frequent

To get the best prices, you normally need to have a reward card for the stores you shop at.  Signing up for these cards is straightforward and does not usually involve sharing a lot of personal information.  If you give your e-mail address, you are likely to get coupons for that store.

Stock up when items are on sale

When you get a great deal on non-perishable items, see if you can buy more than one of each item and keep the rest for when you can use it later.  This is particularly true for items such as coffee, canned goods, and paper supplies.  It is worth it to make room to store them if you can get them at a fraction of their normal price.

Be willing to try other brands

Often competing brands are on sale at a great price.  If you are willing to switch brands, you can save a substantial amount of money.

Use a list to shop

Using a list can save you from expensive impulse buying.  Note the items on sale that week on your list, so you can quickly find them.  If you know the store well, consider making a list out by aisle.  That will let you shop the most quickly and be more likely to keep you from impulse purchases.

Don’t shop when hungry

Keep an eye on pharmacy chain grocery sales

The major pharmacy chains such as CVS and Rite-Aid carry groceries in addition to their health and beauty aid (HBA) items, and these items are frequently part of their sales.  Such stores can also be the best source of inexpensive HBA items such as shampoo and deodorant.  To get the best bargains, it is usually necessary to be signed up for their rewards programs. Sales at pharmacy chains generally start on Sunday with ads in the paper that day.  Often there are coupons in the current paper for these sales.

Jenny Willis is a professional blogger that enjoys providing consumers with personal finance advice. She writes for Purechecks.com, a leading check printing company of designer personal and business checks.