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Category: Finance and Investing

How Mis Sold Pension Can Help You Reclaim Money From Mis Sold Sipps

A mishmash of celebrity supports, financial advisers and assurance of guaranteed returns were the causes behind many individuals remortgaging their homes or transferring their self-invested personal pension and using them to finance in Harlequin property plan. They were assured of possessing a share in a five-star magnificence beach property that would attain a ninety percent occupation. Around six thousand individuals mainly from the United Kingdom were persuaded into purchasing the Harlequin property claim, which guaranteed a yearly return of ten percent. The SIPP outlays that were from Harlequin fortune were depicted in a way that they appeared outstanding and attractive to United Kingdom pension saver, for they could generate a massive investment of four hundred million pounds.

How Harlequin outlay mis-sold its customers

The Harlequin speculation plan was tied on the assurance that the cash would be financed in palatial properties overseas. Amongst them, hotels and villas in regions like Brazil, Dominican Republic, and the Caribbean. Additionally, independent financial advisors worked intelligently to vend these schemes to possible investors as they grossed a profitable commission of about fifteen percent. These investors were only to reimburse a thirty percent cash deposit, and when the property was finished, they were promised a mortgage. IFA traded this Harlequin outlay scheme excessively to pensioners, and with their appealing projected gains, several fell into the trap. Unfortunate enough, Harlequin only finished a few structures leaving investors with no investment or capital to lean on. Self employed iva

How do I make a SIPP demand?

An effective SIPP request can be directed to your SIPP provider or financial consultant. In a situation where either the two is bankrupt, you’ll need to make your request through the financial service compensation plan. Like any other monetary request, the mis sold SIPP compensation  request procedure is marked by complicated legal processes, hard points to be contended, dismissed or promoted as well as taking months before a re-compensation is allowed. Even though each situation of SIPP mis-sale is dissimilar, the mis-sold pension team of claims professionals will assist you in claiming your SIIP. This is because they have the required knowledge, strategy and experience to make the whole request procedure as straightforward as you can feasibly imagine. Here are some of the crucial steps that they’ll follow to guarantee that your SIPP request is fortunate.

By hiring the services of an experienced mis-sold SIPP claims company, you can rest assured the entire SIPP claim process will be handled professionally, smoothly and within the shortest time possible. pension claims expert will hold your hand throughout the entire SIPP claim process and ensure that you are kept informed and up to date with the progress of your claim.

Property Development Finance Explained

Unsure what a property development loan could do for your project? We’ve got all the information you need

You have to be passionate about property in order to take on a large-scale building project. Such a task requires a huge amount of planning, preparation and execution. If you consider yourself part of this passionate and creative group, you know how it feels to want every aspect of your project to go smoothly. The last thing you want is for a problem with funding to stop you turning your vision into a reality.

Whether a housing project, an office block or something else entirely, you have an end goal in mind and you’ll do whatever it takes to get there. For many people in this situation, property development finance can provide the extra funds and security needed in order to complete the project without hiccups or stress.

But what exactly is property development finance, and how can it help you take the next step with your building project? This is property development finance, explained.

What is property development finance?

Whether you’re hoping to undertake a new build project, a conversion, a renovation, a part-build project or a ground-up development, property development finance is there to help you with the funding when you need it. It is designed for use in either major new building projects or comprehensive renovations, and offers a fast route to necessary finances which can be obtained in a short time frame in order to cover short term costs.

Property development loans can be used to provide finance for residential, commercial and mixed-use developments. It is a kind of bridging finance designed to ‘bridge’ a gap in your finances, meaning you can afford to undertake the next phase of your project and repay your loan once you have access to the profit you’re expecting to make.

Property development loans explained

One of the most common questions surrounding property development finance is how much you can borrow. The loan amount is based on a percentage of the GDV (gross development value) at the end of the work. This usually offers a potential maximum of 60% loan to GDV, with a maximum of 75% of total costs.

For example, say a developer plans to build a set of houses with a GDV of £4.5million. The total costs involved are £3.1million (£1.25million for land purchase and £1.85million for build costs). A lender may then offer development finance of £2.32million, set out as an initial advance of £320,000 followed by regular payments throughout the build.

Development loans are usually used for large-scale projects, while other forms of bridging finance can be sought for smaller refurbishment undertakings.

Property development finance rates

A property development loan is usually arranged on an interest only basis. The term of the loan is typically between 6 and 18 months, though this does depend on the size and nature of the project. Usually the interest can be rolled up into the loan, meaning in this case there are no monthly payments.

It’s best to first ensure that all the necessary planning permission is in place before applying for your finance. A development loan can be difficult to obtain unless planning consent has been finalised and all the necessary documentation is available.

There are no set rates when it comes to property development finance. Speaking to a trusted lender can give you the chance to talk through your project openly and discover the best route for your specific needs. Lenders can assess your application individually and work with you to determine the best way to get your project funded.

Qualifying for Insurance: 5 Sources of Evidence You Can Gather to Prove Your Disability

The sad truth is, 51 million Americans with disabilities do not have disability insurance. Yet, a little less than half of Americans currently have adequate savings to pay for three months of living expenses without a source of income coming in.

Perhaps one of the reasons many qualified Americans are not taking advantage of disability insurance is because their claim wasn’t accepted, even if it should have been. In fact, one reason why many disability claims get denied is that there needs to be adequate evidence of the individual’s disability and the nature of such in order to be approved.

That said, these five sources of evidence can help you to prove your disability as you submit an individual disability insurance claim:

1.    Provide an official letter of diagnosis from your doctor.

Providing a letter from your doctor regarding your official diagnosis can prove that you have a disability, even if it is invisible to the naked eye. Apart from an official diagnosis letter, prescription papers, surgery records, imaging scans, lab reports, and the like can all be used as evidence to validate the diagnosis letter.

2.    Gather your medical history.

Sometimes it’s not enough to prove that you have been diagnosed with a disability. After all, many recover significantly after being diagnosed and treated. That said, it’s important to prove exactly how long you have been suffering, especially if you’re seeking long-term benefits.

The number of disability benefits you’re able to receive can be greatly impacted by the length and detail of your medical history. For instance, if you’ve been suffering from a chronic disability for the past three years, three years worth of medical records would partly be able to prove how serious and long-term your disability truly is and has been.

3.    Have past employers, friends, or family members write a letter discussing your disability.

When it comes to proving anything, witnesses are key. If you have a past employer who saw first-hand how your disability affected your ability to perform normally at work, you may consider asking them to write a letter discussing their observations. Friends and family members who have witnessed the nature of your disability may also write letters as evidence.

4.    Keep a journal of how your disability affects your day-to-day.

Even with witnesses, medical testing, and doctor’s notes, it’s only you who knows how bad you’re suffering. Chances are, there may be things you struggle to do in your daily life that no one has ever witnessed.

That said, journal your day-to-day activities. Is it difficult for you to walk more than one or two feet without crutches? Are you forced to stand up a majority of the day because you’re in too much pain when sitting down? Does your mental disability cause difficulty concentrating? Record your physical, mental, and emotional struggles to prove the extent of your disability.

5.    Prove your disability with the help from an attorney.

Even if you have evidence to prove your disability, there’s still a chance your insurance claim can be denied. This often happens if there is not enough proof to validate your disability or if it isn’t clear how your disability would prevent you from being able to adequately perform at work. It is also possible your disability does not meet the policy’s definition of a disability.

Fortunately, overcoming a denied claim is absolutely possible. Consider seeking legal help if you’re having difficulty getting your disability insurance claim approved.


A major part of submitting a disability claim is being able to prove your disability. Providing a diagnosis letter, your medical history, letters from witnesses, and a journal of your daily activities can all prove your disability. If worst comes to worst, reaching out to an attorney to help you prove your disability may be necessary to get your claim approved the next time around.

Buying a home? Online Estate Agent or High Street?

There’s no doubting the increasing visibility of online estate agents these days; their selling point is seemingly reduced fees compared to the traditional high street estate agents, which scores well with buyers who’re already strapped for cash.


Online estate agents often quote fees ranging from between £300 to £1,800 which compares favourably to the standard 1 – 3% of the sale price which high street estate agents most often charge. So are high street estate agents are even worth paying extra for, particularly given that 9 out of 10 property searches from potential buyers are conducted online?


In fairness there are downsides to using an online estate agent as well, including if you are buying from someone selling who’s also using one: this article examines both sides of the argument.




1 Lower fees


If you were looking to sell a property valued at £300,000, a high street estate agent would £7,200 if they were levying a 2% fee (£6,000 + VAT) whereas an online estate agent would charge you up to £1,800 (and one prominent online estate agent would charge £1,200 for a property in London).


The headline quote for an online estate agent is likely to be even cheaper than this, although the terms and conditions might or might not cut out certain services if you choose this option. Given the many expenses that always accompany a conveyancing process, it’s understandable that this kind of reduction in what you have to pay out is a draw for many.


2 You become the main marketer of your property


It’s not unknown for property sellers to criticise their high street estate agents for lacking knowledge about the dwelling or its local when marketing it and this carries over into viewings, where potential buyers can be put off when their reasonable questions aren’t answered effectively.


But when you use an online agent, you take control of the viewings and providing the information, depending on which agent you choose (some will arrange viewings as part of their fee).


There’s no doubt that this is a two-edged sword however; you’ll have to manage everything to do with viewing and marketing efficiently, something which might take its toll if you are holding down a full time job.


3 Security risk lowered


Naturally if you’re the only person who conducts viewings, there’s no security risk from having to give your house keys to someone else and there’s no possible issue with your contents insurance.


4 Convenience


It only takes a few clicks on the net to get your property registered with an online estate and your home is normally listed within around 48 hours, including on other linked portals such as Rightmove.


5 Wider range of selling methods to choose from


If you use an online estate agent for your marketing you might be able to include digital tours, online photos and much more. Additionally these can be created by you and not have to involve paying an estate agent employee to set these up. At most, and depending on which online estate agent you use, you’ll have to pay for the online estate agent to set these features up if that’s their policy.




1 Verbal agreements become less reliable


When you use a high street estate agent to sell your home, you’ll normally only communicate with a buyer via your estate agent and solicitor and their solicitor in turn.


When you use an online estate agent, more often than not you’ll be communicating directly with potential buyers.


While some relish the greater increased simplicity of the latter, the fact is that estate agents and experienced conveyancing solicitors are much more aware of the need to formalise verbal agreements in a legally-sound written way.


You might think you’ve got a legally sound verbal agreement with the buyer, for example, about whether white goods are going to be left in a property as part of a sale – but depending on how or whether or not you correctly record this, you might struggle to prove the agreement in the event of a legal dispute.


High street estate agents are normally experienced in price negotiations and have considerable knowledge of a local housing market. They also have experience in steering these kind of negotiations to an agreeable conclusion.


If there’s just 2 of you negotiating, you might particularly want for sound advice about what is reasonable and legal – and what isn’t.


2 Services charged as extras


You only have to examine the way budget airline fares work to know that not infrequently, you’re attracted to using a business by what seems a low initial quote, but one which is actually just an estimate. Before too long, you realise that if you want any service that is anything more than an incredibly Spartan one, you’re going to have to pay extra/s for it, and these wonderful extras are gradually revealed if you carefully read the business’ terms and conditions.


The same can be the case for online estate agents’ charges. The basic charge for marketing your property for sale might be as low as £400, but if you require items like an Energy Performance Certificate (EPC – required by law before you can sell) or For Sale Board or floor plan, you’ll have to pay more for them.


Some people prefer the cost of a service to be truly fixed and the possibility that they’ll have to pay for a host of extra items stressing an already tight budget  – and particularly when they thought said extras were already included in the previous estimate – can put them off.


3 Want the cheapest prices on offer? You’ll have to pay upfront


If you’re wanting to get the lowest possible prices out of using an online estate agent, invariably you can only access these if you opt to pay upfront. One online estate agen, for example, advertises a £595 charge if you pay upfront but raises this to £695 if you pay on completion.


And you should always always always bear in mind the following – if you pay upfront, there’s no still guarantee that you’ll actually sell your house.


4 Your inexperience as a seller or buyer may be more exposed


You’ll normally lack knowledge of about buying and selling homes unless you’re already an industry professional, such as an estate agent, surveyor or mortgage broker. The fact is that if you employ an online estate agent to sell your home, you’ll have a professional who is conversant in these areas who is acting on your side.


If you use an online estate agent, in most cases, you’ll have to do all the research yourself and this is an area where ignorance might end up costing you money.


5 No No Sale No Fee warranty


A huge plus point in favour of high street estate agents is that they invariably offer you a no sale no fee guarantee if things don’t happen. This means that you can rest secure in the knowledge that should you be unable to sell your property under normal conditions, they’ll cover all the costs of marketing, valuing and registering your property for sale on their online property portals.


It’s fairly unknown to this point that online estate agents off this kind of guarantee and if they do, you’ll most likely have to pay considerably extra for their services.


Marcus Simpson


SAM Conveyancing

Reasons to enter the Forex market as a beginner

Do you like Forex market? But why do you have to like Forex market? If you want to like something there should be reasons, right? What are the reasons to like the Forex market? Why everyone wants to become Forex traders? Well, there are countless reasons but in this article, you will find a few reasons that inspired the traders in the UK. They have become successful Forex traders not only through education but also, dedication. When you do something you should travel an extra mile. It is really important to reach that extra mile as it will enhance your trading success. As a trader with no experience, you may think that it is pretty hard. Of course, we do agree. But, even the traders in the UK were once naïve traders. If they were able to reach that extra mile, why can’t you? Not only in Forex trading but also in your life you should learn to reach the extra mile. Most people do their tasks or whatever they are assigned to do as for the sake of doing. So it is obvious that they wouldn’t think about the quality or success. But the ones who try to reach the extra mile will achieve the highest level of success because they deserve it. Anyway, you should focus on the reasons before you enter the market. So you may get a better perception of the market.


Change the standard of your life


If you can truly understand this market you can easily change your life. There is nothing you need to do once you truly learn the art of trading. We all wonder by seeing the lifestyle of millionaire and wish to have such life. But do you really think it’s possible to have such a great life? It’s more than possible but to do so you must have the right mindset. Most importantly you have to be very good at investing money since it’s the only way to increase your wealth. And this trading industry will give you the perfect platform to change your life with a very low-risk exposure.


The diversification


Don’t you think this is a very good reason to enter the Forex market instead of other markets? You don’t even have to worry about finding the best trading platform or the best broker as they are readily available. If you want to enter Forex you wouldn’t have any barriers because this market is open to anyone who wants to trade. However, most traders enter the Forex market due to the factor of diversification. It has become a reason to enter the market. The traders will be able to diversify the risks if they enter the Forex marker so that they don’t have to bear large losses. However, when the naïve traders enter the market they don’t focus on these reasons rather they just enter the market. They look for the Holy Grail that never existed, so if you are a naïve trader who is reading this, it is better to give some time to absorb the truth!


The simplicity


You may think that Forex is complex. But when does a trade think that Forex is complex? When the trader has just entered the market he knows nothing about trading, so he thinks trading is complex. But once the trader knows the market he learns to accept the fact that Forex is simple. So, simplicity is also a reason to trade Forex.


The flexibility


You don’t have to enter the market when the market wants rather you enter when you want. The market is available for you throughout the day, so you can enter it whenever you want. If you already have a job you can trade for the part-time or if you want to trade full -time to enjoy freedom, you are free to do so because of the flexibility.

Should you invest in property or shares?

Investing is a popular financial pastime, and it isn’t difficult to see why. Not only can it be an exciting project, but it can also offer the opportunity to make a significant profit in the long term. But simply choosing to invest our money is not enough. We also need to decide which avenue we will invest our finances into. For many people, this is a choice between investing in shares and investing in property.

Both of these options have a number of potential benefits, but they also have various factors that you will need to consider before making a final decision. Let’s take a look at both investment options in more detail.


Investment in property has continued to be an extremely popular option in recent years, and many people choose to buy flats or houses in order to rent them out as an investment strategy which will stand them in good stead for years to come.

However, it is safe to say that things have changed for buy-to-let landlords in recent years, so before committing to a property investment you need to get to grips with the state of the market at the time you are looking. As of April 2016, an additional 3 per cent of stamp duty was added onto second home purchases, and as of April 20017 landlords cannot claim full tax relief on mortgage interest payments. This change will continue to be phased in gradually until 2020, when it will be fully implemented.

Because of these changes, studies show that landlords are more likely to decrease their property portfolio over the next twelve months than increase them. However, this can create an opportunity for potential investors, as there will likely be less competition. Experts advise that one of the best ways to manage a property portfolio is to make sure it is diverse.

If you do your research thoroughly enough, there is no reason why property investment can’t work for you. This research should include looking into your area of choice, any extra costs you will have to pay, the market overall, the state of your specific property of interest and checking any tenants before they sign a lease. You should also explore ways to get help financially so that you definitely have the funds to make your investment. Look at options like residential bridging loans, which are provided by companies like Glenhawk as a way of handling any gaps between the sale and purchase of a property.


It is safe to say that investing in shares is generally a riskier move than investing in property, as the value of your investment can rise or fall depending on the state of the company and on the wider economic climate. In the ongoing aftermath of big changes like Brexit, shares are even more tumultuous.

Shares do have the potential to produce high investment returns and can be expected to outperform most other asset classes like cash and fixed interest in the long term. However, it isn’t usually suitable for those hoping to access their money within five years, and the success of your investments depends largely on outside factors which you cannot control.

The best way to give yourself the best chance of share investment success is to diversify your shareholdings both geographically and by sector and size. You should also try to avoid unnecessary charges and make the most of tax-efficient ways to invest like wrappers such as pensions and ISAs.

However you choose to invest your money, the most important step to take is doing your homework. By gaining as much knowledge as possible, you maximise your chances of finding success.

Renovating a hotel? Use these 5 tips For Redesign

Hotel financing is a vital factor when renovating essentially because it is a process of rebranding, in advertising parlance! Whether it is a structure or an image, rebranding has to subscribe to your business philosophy. Keep these five factors in mind when you commence your hotel renovation project:

1. Image Curation: The first step in a renovation process is to get the design philosophy to match your hospitality mission and budget. This means you have to invest a lot of time and resources in researching for the perfect theme, concept or perspective around which the renovation would commence. Once the concept is determined, say bringing the outdoors inside, adding maximum greenery elements to interiors then the process of image curation should commence. Move the ‘bling’ components away from the exteriors.

2. Budget Allocation: Opt for clean straight lines to define light entry spaces like windows and doors. However, ensure that you have a complete idea of your budgeting scheme so that you have the required funds at the required timeline. This would mean that you will have the maximum funds when you are at the most expensive stage of your hotel renovation. Typically the structural changes, such as the expansion of doorways and windows, bathroom renovations, replacement of ducts and pipelines should form the maximum budget guzzlers.

3. Choosing contractors: So, you have your financial components proportionately divided, the design and drawings to commence work finalized and in drafting stage at your design studio or the architect. Then begins the most challenging segment of the renovation project, that of choosing or hiring the contractor. You need to first call for quotations from multiple providers, short-list the best qualified in terms of budgets and experience and hire after reviewing past projects.

4. Follow-up: The next segment of hotel renovations is follow-up with the cross section of people involved in the project. Interfacing with the design studio, reaching out to the bank officials to get the release of next phase of funding, following-up with suppliers, finalizing colors, brands for furniture or type of woodwork will be critical to the efficiency and timely finishing of the project.

5. Wrapping-up: In the concluding stages of the renovation process, you will have to explore more options in obtaining finances if you have overshot your budget need minor extensions in loan payment so as to help you cover last-minute issues and purchases. It has to be noted that in a rush to finish the project on time, there could be a lot of overtime work by workers. Purchases of several hardware components could also escalate as many would have to be bought and fitted on a need-basis.

To summarise, funding plans are essential at the pre-design stage itself as image curation of your hospitality facility will be subject to the limitations of the budget at your disposal. Moreover, restructuring your hotel to match your ‘Go Green!’ campaign is more purposeful and involved than renovation for purposes of style and design only.