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Many guides throughout the internet scan over the main points than the finance is secured against your property and that people failing to keep up with repayments face the danger or repossession. While these are two very valid points that are certainly worth people knowing by themselves they don’t provide enough information for people to truly appreciate what they are getting into.

To add some meat to the bones here are further details on the advantages and disadvantages of taking out a secured loan from www.smartfinancialproducts.co.uk.
secured loans
Advantages of Secured Loans:

  • Your monthly repayments can be lowered by spreading them over a longer period of time (be aware that while this can be advantageous in the short term it could mean you actually repay more in total interest over a longer period).
  • If you decide to take out a secured loan rather than remortgage you can avoid the potential problem of losing any special rates currently enjoyed on your existing mortgage deal.
  • Changing your mortgage to raise extra funds could mean facing large early repayment charges, taking out a secured loan help to avoid this.
  • A secured loan can be used for any purpose as long as it is legal, raising extra funds via a remortgage may have usage restrictions

Disadvantages of Secured Loans:

  • The interest rates on secured loans will be higher than for a mortgage; this reflects the risk involved on the lender’s behalf, even though you, the borrower, have provided security against the capital. Another reason is the lender only has what is called a “second charge” on your property.
  • If you’re planning to use your secured loan to purchase a new vehicle or “white good” i.e. a washing machine you may well be left with the debt long after the usefulness of your purchases has expired.
  • The upfront costs such as valuation fees and arrangement fees will increase your expenditure.
  • Paying off your secured loan each month may leave you short of cash to meet other bills. The temptation to borrow more to meet these demands presents the very real risk of falling into a debt spiral. With the national UK debt well past ?1trillion many UK homeowners currently experience such difficulties.

 

When considering the possibility of taking out a secured loan it is important to weigh up both the pros and cons to make sure you reach the right decision. If there is any doubt in your mind the best course of action is to speak with an independent financial advisor to discuss your options.

If you feel this form of borrowing is right for you make sure you get the best deal possible, online to scour the market for the best offers currently available.

It’s important to remember that by taking out a secured loan you are putting your home at risk, this is a decision you want to make with absolute confidence for your own peace of mind.

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Top Immigration Tips


Posted By on Sep 13, 2017

We planned to write a blog about the revised travel ban Executive Order as soon as it came out. That the revised order was delayed for several weeks until March 6 highlights the uncertainty we face in 2017 with requiring London immigration solicitors . Below we try to answer various questions we regularly receive about immigration issues.639467826

  1. Is domestic airplane travel OK? This may sound like a simple question for muslim lawyer, but recent events suggest more caution may be wise. For example, Immigration and Customs Enforcement (ICE) agents recently met a plane landing at JFK Airport in New York City, and asked everyone about their immigration status. The agents were looking for someone who had an old deportation order, but it is possible that anyone without evidence of status could have faced delays. This is a good time to remind ourselves that the law requires anyone who is not a U.S. citizen to carry evidence of status at all times and your Wandsworth solicitors should confirm it. Try to make it easy for a government officer.
  2. Isn’t that overreacting based on one incident? Maybe, but the bigger picture is that immigration enforcement agents have more discretion and wider operating room than before. Two memos issued by the Department of Homeland Security (DHS) on February 20 allow for “expedited removal,” which is a fast track process that skips a hearing with an immigration judge. Expedited removal now can apply to anyone who entered the country within the past 2 years (used to be 2 weeks), and anywhere in the United States (used to be within 100 miles of the border). Expedited removal happens quickly, sometimes within a matter of days. Having a copy of a document showing status and that you have been in the United States more than two years could help avoid questioning and expedited removal.
  3. How about electronic devices? Can those be searched at the airport or border? The simple answer is “yes,” and this is happening more often. We recommend that private information, such as a doctor with patient information, should be encrypted. According to the Customs and Border Protection (CBP) website, CBP officers may search laptops, cell phones, or other electronic devices. CBP may not select someone for a personal search or secondary inspection based on religion, race, national origin, gender, ethnicity, or political beliefs. U.S. citizens may also be questioned and have their devices seized for refusal to provide passwords or unlock devices, but cannot be prevented from entering the United States. Noncitizens may, however, be denied entry. Adding to the uncertainty about how this will play out is a section in one of the January Executive Orders that directs federal government agencies to make sure they “exclude persons who are not United States citizens or lawful permanent residents” from Privacy Act protections concerning personal information.
  4. What does this mean for people from the six countries covered by the new travel ban? Will the court battle still continue? The new order clarifies that green card holders and Iraqis are NOT affected by the visa ban, and that people who had visas revoked or cancelled by the first order may be able to get a travel letter to return. The new order takes effect March 16, 2017, and lasts for 90 days. People with valid visas stamps in their passports can still use them, but new visa stamps will not be issued with very limited discretionary exceptions. The Visa Interview Waiver program is suspended for all countries, and the order states that DHS may add countries to the list after further review. People who are citizens of the six countries can still face additional questioning when they enter the United States as part of a general pattern of enhanced vetting. Travel for citizens of the six countries remains a calculated risk.
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Many business owners have been struggling to be on top of the line in their industry because of the new trends that are coming from time to time. The latest updates or shall we say new trends have been getting out every day which business owners have to take seriously. If you are a business owner, you came down here because you might be left behind with the new trends. Whatever business you are in right now, you should know that the new things that people go crazy for are the ones you need focus on.

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The market is fast changing, and you need to keep up to maintain your long term customers and even gain new customers. All you need to do is know what they are into now and then. It’s like chasing where the gold mine is, and you need to find out which ones that sell best for your customers. If you have a hard time knowing what’s the best in the market, you can always check out sites that can provide a list of top ten products in certain areas. It could help you find the products that your customers would surely love. It’s easier to keep track on what’s new because you don’t have to dig deeper, everything that you need is on the internet.

Another thing that you should also look forward is keeping in touch with your customers through online. Young business owners are reaching to their clients through online, most of the time people are surfing in the internet and buying products or using services through online. It’s one of the things that would satisfy your customers. You can create social media accounts for your business and open a website for their clients to reach out to you. If you want to keep your business on track, don’t be afraid to grow and learn the new way of getting customers.

The best thing you could do right now to start up is to collect information and know the latest trend that would sell, make a list and find what’s best that would suit your market. Then, you can provide what your old customers want these days, and you can gain new customers too. You don’t have to be afraid to grow or expand your business for new trends because there’s a lot of bridge finance company that can offer you money for your financial needs. I have found out this site www.bridgingfinance4u.co.uk, and you can contact them for further bridge funding inquiries. They have a wide variety of choice for whatever kind of business you have. You may get short term or long term plans and perfect payment method until you can repay your loan. Nowadays, it’s easier to find a solution to your business because everything can reach out online. So if you want to maintain and grow your business, then you should start getting the financial help you need. Take the next step for your business.

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What Is Blockchain?


Posted By on Aug 17, 2017

Blockchain isn’t a household buzzword, like the cloud or the Internet of Things. It’s not an in-your-face innovation you can see and touch as easily as a smartphone or a package from Amazon. But when it comes to our digital lives—every digital transaction; exchange of value, goods and services; or private data —blockchain is the answer to a question we’ve been asking since the dawn of the internet age: How can we collectively trust what happens online?Finance

Every year we run more of our lives—more core functions of our governments, economies, and societies—on the internet. We do our banking online with commodity secure trade platforms. We shop online. We log into apps and services that make up our digital selves and send information back and forth. Think of blockchain as a historical fabric underneath recording everything that happens exactly as it occurs. Then the chain stitches that data into encrypted blocks that can never be modified and scatters the pieces across a worldwide network of distributed computers or “nodes.”

Blockchain based ledger always has an immutable “ledger” that you can see, verify, and control. At the same time, it has no single point of failure from which records or digital assets can be hacked or corrupted. Because of its distributed-ledger technology, blockchain has applications across every kind of digital record and transaction, and we’re already beginning to see major industries leaning into the shift.

First up are the big banks and tech giants. Big business will always drive innovation, and the rise of blockchain-based smart contracts (read on for more explanation of them) turns blockchain into a middleman to execute all manner of complex business deals, legal agreements, and automated exchanges of data. Companies such as Microsoft and IBM are using their cloud infrastructure to build custom blockchains for customers and experiment with their own use cases. On the academic side, researchers are exploring blockchain applications for projects ranging from digital identity to medical and insurance records.

At the same time, dozens of startups are using the technology for everything from global payments to music sharing, from tracking diamond sales to the legal marijuana industry. That’s why blockchain’s potential is so vast: When it comes to digital assets and transactions, you can put absolutely anything on a blockchain. A host of economic, legal, regulatory, and technological hurdles must be scaled before we see widespread adoption of blockchain technology, but first movers are making incredible strides. Within the next handful of years, large swaths of your digital life may begin to run atop a blockchain foundation—and you may not even realise it.

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The immigration experience, one of moving from a familiar home to an uncertain future, is based on hope and opportunity. While recent attacks on immigrants and the concept are dispiriting, to say the least, they can’t defeat that hope and opportunity among immigration lawyers London. Those values have pushed us forward as a nation built, in part, on the experience of newcomers who have made their way here to share their unique perspectives, skills, and cultures. As a result, we are a country that values the contributions and participation of people from diverse backgrounds. We have to continue to connect to those core values, and protect them against those seeking to exclude and divide. Here are five quick tips for talking about immigration with muslim solicitors in the face of these attacks so that we can tell a story that is forward-looking, full of hope, and that celebrates opportunity for all.hammer-620011_960_720 (1)

  1. Lead with values. “This is about the kind of country we want to be, how we treat people, what it really means to be American.” We need to push these conversations beyond specific executive orders or legislation and ensure that they’re centered on our core beliefs and our value system. Persuadable audiences can hear arguments for policy reform much more clearly when we link it to these all-important values.
  2. Talk common sense. Recent executive orders and proposed legislation reflect backward thinking and won’t serve us into the future. Instead, we need a common sense approach that takes into account our values, our economic needs, and our future. Point out that vitriol, political division, and a desire to exclude people shouldn’t have any place in our approach to immigration policy. Speak to a solicitor in Wandsworth if you need help.
  3. It’s about all of us. Standing up for what’s right is about more than immigrants’ rights, or workers, or Latinos. Rejecting bad policies is the right thing to do for everyone.
  4. Tell an affirmative story. There are a lot of misguided communications, skewed arguments and outright lies in current discourse. But too much focus on correcting wrong information can just reinforce it in audiences’ minds. So resist the temptation to bust all the myths out there, and just tell people what is true.
  5. Emphasise contribution and participation. We have to reject policies that would make contribution and participation very difficult for some people. We all thrive when we all participate, gearing up our economic engine and moving us all forward together.
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When buying a home, there are a million and one variables that could cause the process to pause, even abroad, and you could find yourself in a lengthier process than you ever imagined. Consulting with kobaltlaw.co.uk can help. However, there are a few pitfalls that you could easily avoid in order to speed up the process.

Thankfully we’ve compiled a few of the most common causes for delays in the conveyancing process so that you can keep moving forward.

Delays in the Conveyancing Process

These delays are rarely to do with the actual conveyancer or estate agent and are typically caused by problems further down the property chain. There are however a few things you can do to ensure minimal impact should the situation occur.

1.       Instruct your solicitor as soon as your house if placed on the market or an offer is madeGuarantees and Bonds1

The moment you put a property on the market, or somebody places an offer on yours, you should inform your estate agent who your property solicitor is so they can be contacted. In this respect, it’s important to hire a conveyancing firm as early as possible during the process as this will ensure delays are avoided.

2.       Obtain a management pack

This applies mostly to leasehold properties as the solicitor will also have to have a copy of the ‘memorandum and articles of association’ in order to understand the accounts of the management company over the past three years.

If you are looking to purchase a leasehold property, then informing your solicitor immediately will allow them to obtain the necessary documents from the outset.

3.       Check the planning permission

Conveyancers are obligated to ensure that all planning permissions and building regulations are obtained when acting on behalf of a lender. In saying this, when there are no lenders involved in the transaction there is still a duty to ensure that any changes made to a property prior to the sale have been carried out correctly and have adhered to the relevant regulations. Make sure to get this checked early on in order to avoid and repercussions further down the line.

4.       Sign or return any required legal documents on time

A normal aspect of purchasing or selling a property is legal documentation and ensuring that all paperwork is signed and delivered on time is key to problem free processing.

5.       Be aware of longer mortgage affordability interviews

As of April 2014, new regulations were enforced in order to avoid lenders providing loans to those who are unable to afford repayments. It’s due to these changes that longer and tougher mortgage affordability tests have been implemented by lenders. When applying for your mortgage, be sure to allow plenty of time for both the interview itself and the final decision as a ‘yes’ is no longer guaranteed.

6.       Allow time for local authority searches

The local authority must run searches on the property and its land in order to determine a number of factors, such as who owns or is responsible for the road or sewers in the surrounding area, and whether there are any road-widening proposals in place. If you are buying abroad, kobaltlaw.co.uk can advise here.

While your solicitor will take care of this, it’s important to remember that local authorities often have to handle a high rate of requests and while many will return the searches within a few days, others may take up to eight weeks.

While the housing market can be a difficult place, we hope that these tips for avoiding any unnecessary delays will assist you in a smooth and problem free buying or selling process.

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Buying Abroad


Posted By on Aug 3, 2017

Whether you’re thinking of making a big move or simply shopping for a vacation home, owning a property in another country sounds delightfully adventurous and promising. However, the road to getting there can be full of confusion and legal and financial setbacks. To make sure that your buying experience is as stress-free as possible, here are some tips on purchasing property internationally.

Hire a lawyer.

The best way to get started on your search for a home abroad is to hire independent legal counsel with kobaltlaw.co.uk in your destination country. This should be a lawyer or a legal firm that specialises in real estate law whom you have chosen independently (that is, without any association to whomever may be your real estate agent overseas). The importance of hiring someone who has explicit knowledge and experience with property law in his or her own country cannot be overstated, as these laws can differ greatly from the ones you may be familiar with in your own country. And though bilingual lawyers usually cost more, you will greatly benefit from receiving legal advice from someone who has the ability to translate to English.

Take time to research.

Buying property with kobaltlaw.co.uk in your home country would take a lengthy research process — you’d have to work with your bank to sort out how much property you can afford, scour the listings to see which areas offered the best value, and then contact a mortgage company to create a plan for financing the property. Buying internationally only adds more steps to this process, so it is important to begin with a clear idea of how much time it will take to find a property abroad and to go through all the paperwork — and stick to that timeline.

Be prepared to create a will

— in English, and in the language of your future destination. One of the major costs associated with owning property in many countries is the inheritance tax that you will be required to pay on that property. Sometimes, you can restrict the amount of tax that you will have to pay on that property by writing a will, but it must be in the dominant language of the country that you’ll purchase your property in — another good reason to have a bilingual property lawyer.

Be generous when creating your budget.

Even if you get a good price for your property abroad, you should still be prepared to pay more than an additional 10 percent of that cost in legal fees. You’ll also need to make sure that you have purchased an appropriate amount of insurance for your property. Even still, you’ll need to sort out whether it is financially more expedient for you to finance your property in the UK or abroad. And finally, watch out for potential pitfalls when it comes to currency exchange rates.

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When buying a home, there are a million and one variables that could cause the process to pause, even abroad, and you could find yourself in a lengthier process than you ever imagined. Consulting with kobaltlaw.co.uk can help. However, there are a few pitfalls that you could easily avoid in order to speed up the process.

Thankfully we’ve compiled a few of the most common causes for delays in the conveyancing process so that you can keep moving forward.Right Motor Trade Insurance2

Delays in the Conveyancing Process

These delays are rarely to do with the actual conveyancer or estate agent and are typically caused by problems further down the property chain. There are however a few things you can do to ensure minimal impact should the situation occur.

1.       Instruct your solicitor as soon as your house if placed on the market or an offer is made

The moment you put a property on the market, or somebody places an offer on yours, you should inform your estate agent who your property solicitor is so they can be contacted. In this respect, it’s important to hire a conveyancing firm as early as possible during the process as this will ensure delays are avoided.

2.       Obtain a management pack

This applies mostly to leasehold properties as the solicitor will also have to have a copy of the ‘memorandum and articles of association’ in order to understand the accounts of the management company over the past three years.

If you are looking to purchase a leasehold property, then informing your solicitor immediately will allow them to obtain the necessary documents from the outset.

3.       Check the planning permission

Conveyancers are obligated to ensure that all planning permissions and building regulations are obtained when acting on behalf of a lender. In saying this, when there are no lenders involved in the transaction there is still a duty to ensure that any changes made to a property prior to the sale have been carried out correctly and have adhered to the relevant regulations. Make sure to get this checked early on in order to avoid and repercussions further down the line.

4.       Sign or return any required legal documents on time

A normal aspect of purchasing or selling a property is legal documentation and ensuring that all paperwork is signed and delivered on time is key to problem free processing.

5.       Be aware of longer mortgage affordability interviews

As of April 2014, new regulations were enforced in order to avoid lenders providing loans to those who are unable to afford repayments. It’s due to these changes that longer and tougher mortgage affordability tests have been implemented by lenders. When applying for your mortgage, be sure to allow plenty of time for both the interview itself and the final decision as a ‘yes’ is no longer guaranteed.

6.       Allow time for local authority searches

The local authority must run searches on the property and its land in order to determine a number of factors, such as who owns or is responsible for the road or sewers in the surrounding area, and whether there are any road-widening proposals in place. If you are buying abroad, kobaltlaw.co.uk can advise here.

While your solicitor will take care of this, it’s important to remember that local authorities often have to handle a high rate of requests and while many will return the searches within a few days, others may take up to eight weeks.

While the housing market can be a difficult place, we hope that these tips for avoiding any unnecessary delays will assist you in a smooth and problem free buying or selling process.

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