With the global financial markets in turmoil, many people are starting to query how safe their jobs are. With redundancy on many people’s minds, now is the time to start planning for the worst.

The team here at Moneytowers have put together a redundancy guide below which gives you all the pertinent information on what redundancy payments you are entitled to, your legal rights, and how to get help if you are being made redundant.

Redundancy is not always a bad thing. Whilst it can be a tough experience, it can also help push you towards a career change or entrepreneurial streak that you always wanted to express yet never had the courage to follow.  Read more... (865 words, estimated 3:28 mins reading time)

Car insurance can be a massive expense. Here at MoneyTowers.com, we have put together 7 quick tips to help keep your car insurance premiums down.

1. Limited Mileage Policies
Make sure you know the real miles you do in your car each year. Ask your insurer if they do a limited mileage policy – often, there will be discounts if you don’t go over a particular number of miles each year. If this is only 1,000 miles off the normal amount you do, can you cut down on the miles you do in the car and thus get a limited mileage policy with cheaper premiums?  Read more... (400 words, estimated 1:36 mins reading time)

Following on from our news story last week which showed that nearly half of all landlords had experience of tenants defaulting on their rent payments, the MoneyTowers team have put together a guide for landlords on how to handle tenants that default.

The first thing to do is contact the tenant and ask if the payment is on its way. Communication is vital and talking to your tenant can give you a good feel for whether the problem is a one-off, or whether it is likely to be a more substantial problem.  Read more... (464 words, estimated 1:51 mins reading time)

Landlord rent guarantee insurance does exactly what it says on the tin – it is a form of insurance that protects you if your tenant fails to pay their rent. Even tenants who have excellent references may be unable to pay their rent for all sorts of reasons therefore if you are relying on the rent from your tenant to help pay the mortgage on your buy-to-let property, it is advisable to take out some form of landlord rent guarantee insurance.

It is important to shop around when looking for landlord rent guarantee insurance as the amounts that the insurance covers and the pre-requisites for a payout may all differ from insurer to insurer.  Read more... (269 words, estimated 1:05 mins reading time)