Protect your home against winter perils!


As we get to the end of the year, and the temperature drops, a number of perils arise - particularly escapes of water. Without the right cover in place, homeowners can end up having to pay thousands of pounds of their own money to remedy an escape of water...

Consider Trace & Access cover

Escape of Water (EOW) is the most common claim in the winter months and there was an 810% increase in EOW claims between 2009-2016. If you’re unfortunate enough to suffer an Escape of Water, and don’t have Trace & Access cover in place, you could end up paying thousands of pounds of your own money to remedy the situation.

Is Trace & Access cover something you could benefit from?

Keep your heating on for an hour a day

If you’re at home over the winter period, then the likelihood is that your heating will be on for more than an hour a day. If you’re going on holiday or seeing friends and family over Christmas though, don’t switch your heating off entirely.

Keeping your heating on for an hour a day can help prevent your pipes from freezing and bursting.

Find out more about our range of buildings and contents protection products now

Insulate your pipes

The main cause of pipes bursting is water freezing and expanding inside of them - a gallon of water, when frozen, will expand to a volume 9% greater than the original gallon! Ensuring that all of your pipework is protected from the cold is therefore vital.

If your pipes aren’t insulated, you can purchase (eco-friendly!) pipe insulation from DIY shops or speak to your plumber about installing this.

Acquaint yourself with your stopcock

For those of you who aren’t familiar with a ‘stopcock’, it’s the control tap for your mains water that sits underneath your sink. It’s really important that this can be easily switched off and on.

Test it out by running your kitchen sink tap and making sure it stops when you switch the water off using your stopcock.

Think about covering your boiler

20% of homeowners had their boiler breakdown in 2017 according to Uswitch. The cost for setting things right? Which.co.uk reported that the average cost for this was £270, but was as high as £450 in some instances... ouch!

With Boiler Breakdown cover, you can avoid these hefty fees and be safe in the knowledge that you’ll be staying warm during the colder months*.

*Exclusions may apply

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR
PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP
REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

 

CALLS ARE RECORDED FOR TRAINING AND MONITORING PURPOSES

Legal Information

.The Money Bee, which is a trading style of Promise Solutions Ltd and is authorised and regulated by the Financial Conduct Authority– Number 681423. Registered in England, company number 04822774. Data Protection Reference Z8661889
Registered Office: 2nd Floor, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG.

Terms and Conditions

There may be circumstances where we need to charge a fee.  In these instances, we will notify you at an early stage which could be £125.00 upon application and an arrangement fee up to 1% of the advance subject to a maximum of £2500.00, on receipt of the mortgage offer.

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2nd Floor, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG.

2 out of 3 borrowers get a lower rate than our representative example of a regulated secured loan below:

 

Mortgages and Remortgages

Representative example

£80,000 over 240 months at an APRC OF 4.3% and a discounted variable annual interest rate for two years of 2.12% at £408.99 per month followed by 36 payments of £475.59 and 180 payments of £509.44. The total charge for credit is £39,873 which includes a £995 broker/processing fee and £125 application fee. Total repayable £119,873.

 

Secured / Second Charge Loans

Representative example

£63,000 over 228 months at an APRC OF 6.1% and an annual interest rate of 5.39% (Fixed for five years – variable thereafter) would be £463.09 per month, the total charge for credit is £42,584.52 which includes a £2,690 broker/processing fee. Total repayable £105,584.52.

 

Unsecured Loans

Representative example

£4,000 over 36 months at an APR OF 49.9% (fixed) and an annual interest rate of 49.9% would be £216.21, total charge for credit is £3,783.56. Total repayable £7,783.56.