www.progages.co.uk/blog

Are you suffering from post-holiday finance blues

Credit Action, the national money education charity, has reported that twice as many British adults managed to get into debt when they went away on holiday this year compared with the same period last year.

Further statistics revealed that while 61% of British holidaymakers admit to overspending while they are away on holiday, over a quarter are alarmed when they come home and discover just how much they’ve spent.

If you’re one of those who has come home to discover you’ve spent more than you thought you had, don’t panic, there are steps you can take to get back in control of your finances.

The first step is to take a good look at your overall financial situation, and if you have run up debts then it’s important to face up to them. Don’t keep those close to you in the dark either, especially if they share financial commitments with you – they can offer support.

Draw up a realistic monthly budget and prioritise your payments, and ask yourself if you can meet them all. If not, look to see if there are ways you can reduce your monthly outgoings temporarily while you straighten things out.

If you’re struggling to meet your financial commitments then it’s crucial you speak to the lenders concerned, you may be able to agree new, more realistic monthly repayments. And if you need professional debt advice there are organisations, such as the Citizens Advice Bureau www.citizensadvice.org.uk, Consumer Credit Counselling Service (CCCS) www.cccs.co.uk and National Debtline www.nationaldebtline.co.uk who can advise you for free.

And, given the current economic climate, if you need to apply for credit as a short-term measure to help you get your finances straight, then it’s a good idea to contact ProGages Financial Services.

Improve your credit rating and follow tips to secure a good mortgage deal

As banks feel the effects of the economic downturn, limited funds can mean that only those with a squeaky-clean credit rating have a chance of securing a good credit deal. For the thousands of homeowners who will be looking to secure a new mortgage deal this year, that doesn’t make life easy.

Here’s how to arrange the best possible mortgage deal:

• Ensure you take into account all of the costs – arrangement fees can really bump up the overall cost you pay.
• If you can afford to, it may be worth shortening the mortgage term – it can save thousands of pounds over the life of the mortgage.
• Don’t exaggerate on your application form – lenders can check the information you supply and if it isn’t accurate you could jeopardise your chances of securing a deal.
• Mortgages can be confusing, if you’re struggling to make sense of what’s on offer then take advice from a Mortgage Adviser.

Arranging a mortgage can be a very stressful experience if you try to do it yourself. You can end up spending a lot of time on it and may not get anything like the best deal. We are experts in this field and pride ourselves on the huge number of recommendations we receive. Contact us and we will use our powerful computer databases and expert knowledge to search the vast range of mortgages and identify a suitable scheme for you.Below are some of the questions you are faced with: Fixed rate, discounted rate, capped rate or cashback? Capital repayment or interest only? How is the interest calculated? Are there any early repayment charges? What possible fees are involved? Are there any deals where the fees are paid by the lender? How much can I borrow? Am I able to obtain a self-certification mortgage? I am self-employed and only have accounts for 12 months, can I get a mortgage? Can I make overpayments, underpayments or have a payment holiday? Can I offset the balance in my current account against the balance on my mortgage? What is mortgage protection? Do I need mortgage protection and how much does it cost? I have a mortgage at the moment, but would like to remortgage. Is it worth it on the basis that I may suffer from a redemption penalty with my existing lender? (a redemption penalty ia a penalty charged by the lender for redeeming the mortgage early) Am I able to consolidate existing debt through remortgaging? Am I able to change lenders and have lower payments as I have no early repayment charges with my existing lender? I have an endowment, but am concerned about a possible shortfall. What should I do? I have a bad credit history. Is this a problem? I have changed jobs three times in the last year, can I get a mortgage? As I am sure you can appreciate, it can be a minefield. The one way around it is to consult a mortgage adviser at Progages Financial Services to arrange a mortage for you Contact us now. All loans subject to status and availability. Adding existing debts to your mortgage extend the repayment term and increase the overall cost of the debt. Your home may be repossessed if you do not keep up repayments on your mortgage.

© Copyright 2001- 2006 Progages - Your Mortgage  advisor www.progages.co.uk Mudassar Iqbal

Disclaimer: Progages Financial Services has no control or responsibility for the pages you are about to access, or to any subsequent links you may be directed to. Consumer Credit Licence number 585909. FSA Number: 485878

Progages Financial Services is an Appointed Representative of Network Data Limited, which is authorised and regulated by the Financial Services Authority for regulated mortgage and insurance business only. Network Data Limited is entered on the FSA register (http://www.fsa.gov.uk) under reference 300391.

Progages Financial Services, 22 Stonecross Close, Accrington, Lancashire, BB5 0DQ.

Email: consultant@progages.co.uk

Principal: Mudassar Iqbal

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

Accountancy Services

Welcome to Progages Financial Services which provides a full range of accountancy and bookkeeping services in Accrington, Blackburn, Preston, Nelson, Burnley, Bolton, we cover all Lancashire area . Our aim is to put our clients first - to understand their situation and provide a first class service . We always believe in quality not quantity. We always provide highly professional and better standard of services to our clients. We provide services to Sole Traders, Partnerships and Limited Companies. We specialise in small to medium size companies including startups.

We also provide other services including self assessment, VAT returns, corporation tax returns, Tax refunds. We will provide service on your place, you don’t need to come to us, you only need to ring or contact us by complete our contact form, one of our advisor will contact you, and we will take it from there.

Our Services

Bookkeeping Services		VAT		Accounts
Tax Rebate		Self Assessment		Tax Advice
Company Formation		Payroll		Cashflow Projections
Business Startups				Financial Services

Reasons to use our Accounting

Your conventional accountant is expensive and slow. We save you money and time.

VAT

For the registration of VAT, your turnover exceeds a certain threshold £61,000 per annum as of April 2006. However you can voluntarily register if your turnover is below this threshold. This then allows you to recover the VAT which you have been charged on company expenses. For many businesses, registration quite simply means tax saved for you, but many people don’t bother to register to avoid all the paperwork.

We take all the hassle out of you, and we can offload all the hastle of managing your financial records. We calculate the tax due on your invoices, track the VAT owing to Customs and Excise on your web site, and complete your quarterly VAT return for you. All you have to do is receive payment or write a cheque for the difference between the VAT your company has paid and the VAT it has collected.

We can review the effects of registration on your company and, if appropriate, handle the registration and resulting paperwork for you - it’s hassle free, and could save you a lot of money.

Contact

Mudassar Iqbal

www.progages.co.uk

We are totally committed to providing our clients with the very best advice and expertise available in Accrington, Blackburn, Preston, Nelson, Burnley, Bolton and almost all over North West.

We specialize in providing the personal attention that individual and Small businesses require. Over 95% of our clients have come to us from personal referrals. Almost all our client relationships are long-standing. The vast majority of those who come to us for one-off projects, tend to stay with us because of the quality of advice and service they receive.

We offer a fast, friendly and efficient service which is both personal and professional.

Contact

www.progages.co.uk

WE have started

Accountancy services in Accrington, Nelson, Burnley, Preston, Briarfield, Bolton, manchester, Blackpool, Liverpool and surrounding area.

Very reasonable rates

For taxi drivers, builders, small businesses

Only £95 per Year

Contact

07870584425

www.progages.co.uk

Islamic Mortgages

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www.progages.co.uk

People planning on starting their own businesses need to be aware that some of the decisions they make right from the start will have important implications for the tax they will later have to pay.

Website allmediascotland.com said that many people did not realise some of their tax liability was determined by the way they set up their own company.

It explained that the “tax implications” are different for sole traders, partnerships and limited companies, making the services of an accountant important from the start.

“Once you have decided on your legal status, you will need to register your venture with HMRC. If you intend to employ staff, you will also [be] required to register for a PAYE/NI reference to allow you to deal with the tax on your employees’ salaries,” the site added.

What’s more, the website said that some people might also have to “apply for a VAT registration number”.

“It is important to keep accurate and detailed records of your business transactions. You may decide to employ the services of a bookkeeper,” it concluded.

Recently, business reporter Karen Dent explained in the Journal that many small businesses did not full understand the tax exemptions and reliefs they were entitled to, suggesting many could benefit from consulting with an accountant.

VAT services in

Accrington,

Nelson,

Burnley,

Preston,

Blackburn

Accountancy services in Accrington, Nelson, Burnley, Preston, Blackburn

Even we cover whole Lancashire

Hi

I have started Mortgage services in Accrington, Blackburn, Preston, Nelson, Burnley.