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  • What Is the Green Deal? Mar 11, 2013

    The Green Deal is a government scheme which looks to make the United Kingdom a more energy efficient economy, the most efficient in Europe. It is the coalition governments 'flagship carbon emission reduction' policy.

    The basis of the deal is relatively simple.

    All homeowners and business looking to improve the energy efficiency of the property they reside can get in touch with a Green Deal Assessor who has been on a Green Deal Training Course who will produce a report detailing the installations the property would benefit from, such as a new combination boiler, wall insulation, double glazing and even solar panels, and discuss the finance options available.

    The loan that will pay for the Green Deal installation is attached to the energy bill of the property, not the person who owns the property. Should a home owner sell their property they will be selling the property with the Green Deal contract-loan with it.

    The idea behind the loan is that the repayments for the loan are paid for by the properties energy savings as a result of the energy efficiency improvements.

  • The Noose Is Getting Tighter Around Payday Loans Lenders Necks In The Uk Mar 8, 2013

    Most people think that payday lenders in the UK are scum, and going by the recent revelations of a year long investigation into payday lending they would be right to think so.

    Payday loans are usually small, short term, high interest loan products, designed to meet the needs of people who run short of cash before their payday arrives.
    The salary advances offered by short term loans companies are generally aimed at members of our society who have adverse credit (Poor Credit History) and find it difficult to approach high street banks for loans. The typical payday loan applicant, according to data released, earns less than 25k a year and has blemishes on their credit file that make obtaining longer term loans with a more favorable APR extremely difficult - but things look like they are set to change.

    The results of the year long independent investigation into payday loans and payday lenders activities in the Uk, commissioned by the government, revealed how extensively pay-day companies are flouting the law.

    Some of the suggestions made by the group of people investigating this financial sector were;

    • Reduce the amount of times payday lenders are allowed to advertise on TV and also select times of day in which they can advertise.
    (I don't really agree with this idea as it over steps the mark a little in my opinion)

    • Stricter advertising standards: Force lenders to display APR prominently on all loan advertising.
    • Ensure advertising is not luring people into making a bad loan application decision.
    (I agree with this. Payday lenders have become far too sneaky and mis-leading with advertising)

    • Force payday lenders to share applicant information.
    (I agree with this. Payday loans companies are only meant to loan money to people who can afford to comfortably pay the debt back, yet there are countless instances of applicants having multiple loans with different lenders)

    • Alter payment authorities or ban them altogether.
    (I agree with this. Too often there are reports of lenders helping themselves to a debtors bank account)

    • Cap or ban payday loan roll overs.
    (I agree with this. Short term, high interest loans, should not turn into lengthy long term loans. Payday lenders should be more accommodating to those under financial duress.)

    The report stopped short of calling for a cap in APR, which i also agree with.

    The current changes being planned, and some that have already taken place such as instant removal of consumer credit licenses, will see payday lenders forced to clean up their act or face fines that have no limit or instant bans from the market.
  • Boiler installation Aug 25, 2010

    Need a new gas boiler installation ? Its a fantastic idea if you have had your Boiler Serviced and its still performing badly or maybe you want your boiler replaced in order to uprgrade to a more cost effective efficient model.
    Having your Boiler replaced with a new energy efficient model will save you pounds on your energy bills. If your current boiler is approaching ten years old then its the right time to think about an upgrade. Boiler repair servicing bills can stack up quite quickly and a replacement can be a good cost effective solution to those Boiler repair costs.
    Boilers are rated from A being the best to G being the worst. If you gave a G rated boiler you could be wasting 50% of your money spent on energy from it merely escaping up the chimney. If you upgrade to an A rated boiler you will be at the optimum level of efficiency zero pounds will be wasted.