Archives for October 2013

A Guide to Personal Injury Claims

Personal injury is something we hear a lot about these days with solicitors looking to help those who have been injured by something that was out of their control. The solicitors are able to acquire compensation for their clients if it is proved that someone or something else was at fault, but many members of the public still remain unsure as to the law around certain injuries and when they do and do not have a claim.

The laws around compensation recently changed in the UK with firms who claim to offer 100% compensation having to change their policy after it was revealed that those offers were too good to be true. Some companies like Claim Today on the other hand, continue to offer their clients the full amount of compensation if they’re successful, because they are able to reclaim the fees from the person or company to blame.

Thousands of people each year are injured in accidents that aren’t their fault, ranging from slipping over on wet floors in the office, to car accidents where another hit their vehicle with the other driver at fault.  A lot of people are put off making claims, however, because they think that it’s a long and complicated process that involves filling a mountain of forms and then attending a court hearing, which can be particularly stressful. However, employing a professional personal injury solicitor can take a lot of the stress and hard work away from you – the injured party – and let them handle it all.

The question “how do I know if I have a claim?” comes up a lot, and the simple answer is to go and find out. Many firms offer a free initial consultation service where the solicitor will sit down with you and discuss the events that resulted in your injury and they will be able to tell you if you have a justifiable claim for compensation.

From here, the solicitor will be able to tell you the likelihood of your case resulting in a victory on your part, and also how much compensation you might be able to claim for (although it’s worth noting that this is only a rough estimate, it may not be the actual figure). They will also be able to explain all of the legal procedures involved in the case so that you understand everything about the case and how long it might take. It could eventually lead to a court hearing if you decide to take it to court, although many cases are resolved outside the courtroom with the solicitor working for the defendant advising that they settle the case personally rather than in the hands of a judge.

Types Of Mortgage Rates

When choosing a mortgage option for you, there is one thing that sticks out like a sore thumb; this is the interest rate. The interest rate that an individual will get often determines whether he has a good deal or otherwise. It also determines the amount of money that an individual will end up paying in the long run. This is why it is important for you as an individual to familiarize yourself with the different kinds of rates that the market offers. In the UK, there are three main types of interest rates.

The most common interest rate is the fixed rate. The fixed rate as the name suggests means that an individual will be required to pay a specific amount of money for a specific duration of time. Some people may choose a fixed rate for the entire length of the mortgage. However, in most cases individual have fixed rates for a specific time period after which they revert to lender’s standard variable rate.

The other type of mortgage interest rate is the tracker rates. In this case, the rate that an individual pays is usually attached to another rate. In most cases, it is attached to the Bank of England base rate. As such, this rate is a set margin that can be either below or above the Bank of England base rate for a specific period of time. For instance, you may have a rate that is 1% above the base rate for a period of five years. During this period, the rate will fluctuate depending on the movement of the base rate. This is why you need the mortgage calculator with you; to make these often complicated calculations and give you a simple figure that you can pay when time comes.

Discounted rates are the third type of rates that can be accessed by those seeking to get mortgages within the UK. These kinds of rates have the same working structure as the tracker rates. The difference in this case is that interest rate is often a set margin below the lender’s SVR. This is done for a specific period of time, during which period it moves up and down with the changes in the SVR.

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