River Finance Ltd

River Finance are Mortgage and Protection Advisers. We offer a first class service in helping you find the most appropriate products for your mortgage and protection needs from a comprehensive range of mortgages from across the Market. Our qualified advisers help reduce stress by explaining the advice clearly and honestly through every stage of a transaction, making sure you understand, and are happy with the terms of any products we recommend.


  • Find me a mortgageFind Me a Mortgage

  • Today's Best Mortgages
  • Free Loan Calculators
    • How Much Can I Borrow?

      Mortgage Borrowing Calculator

      Please enter the income for the first and (if appropriate) second applicants and the maximum borrowing will be calculated

      Applicant 1 income £
      Applicant 2 income £
       
      Maximum borrowing £

       

      Your home may be repossessed if you do not keep up repayments on your mortgage.

       

      For mortgages we can be paid a fee, usually up to £1,500 or by commission. Typically the fee charged is around 0.35% of the loan amount.

    • How Much Could I Pay?

      Mortgage Payment Calculator

      Please enter the requested values, and then the monthly payment will be calculated

      Loan amount £
      Rate %
      Term years
      Repayment Interest only
       
      Monthly payment £

       

      Your home may be repossessed if you do not keep up repayments on your mortgage.

       

      For mortgages we can be paid a fee, usually up to £1,500 or by commission. Typically the fee charged is around 0.35% of the loan amount.

  • Request a Call BackRequest a Call Back

For a free initial consultation, you can speak to one of our expert advisers on:

01440 730743

Or request a call back

Done!

Your property may be repossessed if you do not keep up repayments on your mortgage.


The FCA does not regulate some forms of buy to let mortgages

 


How much should I insure my buildings for?

You must be careful with this - make sure that you do not insure your buildings for the market value of your property. You are insuring against the fact that the building has to be demolished, the site cleared and then your property rebuilt. You won't have to buy the land again, so as a result the rebuild cost is typically much lower than the market value. If you insure for the market value, you are wasting your money and over insuring yourself! More information on rebuild costs can be found from the Association of British Insurers website http://www.abi.org.uk

 

For Buildings & contents insurance we offer products from a selected panel of providers.

If I told a little white lie on my application to keep the premium down, would it matter?

You would be wasting your money, by lying on the proposal form you would invalidate the contract between the insurer and yourself, so no part of the policy would be valid. This also means that if you have a mortgage on your property you are probably breaching your mortgage lender's terms and conditions by not having insurance in place.

 

For Buildings & contents insurance we offer products from a selected panel of providers.

 

 

What is IPT?

IPT means Insurance Premium Tax. This is levied on insurance policies sold in the UK

 

For Buildings & contents insurance we offer products from a selected panel of providers.

I live in rented accommodation, can I insure the buildings?

In order to buy insurance, you must have an 'insurable interest', basically you have to own whatever it is you are trying to insure. In this case if you rent your accommodation you will not, in most circumstances, own the building. As a result, you cannot insure it, you can only insure your own personal belongings within the building.

 

For Buildings & contents insurance we offer products from a selected panel of providers.

I guessed how much to insure my contents for. What happens if I underestimated?

Insurers will apply a clause in your policy called average. Essentially this means that if you insured your contents for £20,000 and they were actually worth £30,000, you are underinsured by 1/3. As a result if you put in a claim for £10,000 the insurers would only have to pay you 2/3 of the claim (assuming it was valid etc.), therefore you would receive a claims settlement of £6,666, not the £10,000. As a result, it is important that you insure for the correct amount. Underinsuring will result in any claims being restricted on their payout. This clause is very common in domestic policies, but not many people actually know about it… until they have to claim and have got their sums wrong…don't say you've not been warned!

 

For Buildings & contents insurance we offer products from a selected panel of providers.

What counts as my household contents?

Basically your house contents are anything that you would reasonably take with you if you moved - your bathroom suite wouldn't be considered to be your household contents for example. Another way of thinking about it is to imagine picking up your house and shaking it - everything that would fall out is considered to be your contents.

 

For Buildings & contents insurance we offer products from a selected panel of providers.

What does New for Old mean?

New for Old means that the insurance company will replace the item you are claiming for with a brand new one of the same make and specification.

 

For Buildings & contents insurance we offer products from a selected panel of providers.

What is a 'valuable'?

This can be considered as jewellery, articles containing gold, silver or other precious metals, cameras, binoculars, watches, furs, paintings and other works of art, collections of stamps, coins and medals.

 

For Buildings & contents insurance we offer products from a selected panel of providers.

Why should I have legal cover on home insurance?

Legal cover is not usually compulsory on home insurance, but this can provide you with legal assistance for personal injury cover and consumer disputes.  So for example, if you walked past a building site and were hit by a brick, the insurance company could pursue a claim on your behalf against the building company for personal injury.

 

For Buildings & contents insurance we offer products from a selected panel of providers.

Do I pay an excess if I make a claim?

This information would be available on your Policy Schedule and the amount can be chosen prior to application.

 

For Buildings & contents insurance we offer products from a selected panel of providers.

What does 'All risks, worldwide' cover mean?

Your contents, personal effects, fine art, antiques, jewellery and watches are insured against loss or damage - including accidental damage - while you're at home or anywhere in the world.

 

For Buildings & contents insurance we offer products from a selected panel of providers.

 

 

What is meant by 'personal effects'?

Personal effects are property used for domestic purposes or for occasional business use. You or your family should either own them or be legally responsible for them.

They can include:

clothing, including motorcycling suits, furs, glasses, contact lenses and hearing aids, baggage and other items carried about the person,

photographic and mobile phones, electronic equipment, sports equipment and bicycles, musical instruments.

 

For Buildings & contents insurance we offer products from a selected panel of providers.

 

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