| The beauty
of the Money Merge Account ™ Program is that it can benefit
different people in different ways. Choose
an option below to see how the Money Merge Account ™ Program can help with different needs and situations.
Different needs with which the Money Merge Account ™ Program can
help you
Repaying your mortgage early
Reducing monthly payments/consolidating
other debts
Funding a major purchase (new
car, holiday home, boat etc.)
Buying a second property
Planning for school fees or university
Coping with short-term ill health,
unemployment, redundancy or moving jobs
Planning for maternity
Short-term spending e.g. holiday,
Christmas
Making the most of an inheritance,
windfall, large bonus, or maturing investments
Funding home improvements
Additional situations with which the Money Merge Account ™ Program can assist you
Self-employed
Young professionals
Young couple - first time buyers
Couple moving up the property ladder
Commission-based incomes
Irregular income
Older couple - children left home
Repaying your mortgage
early
When repaying a mortgage, it's not the rate
you pay that's most important. What matters
is the total amount of interest you pay over
the term of your loan. With the Money Merge Account ™ Program , you use your income and savings to
reduce your loan balance and minimize your interest
payments. This means more of your money goes
towards your principal balance each month, helping
you repay your mortgage years earlier and save
thousands of dollars in interest.
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Reducing monthly
payments/consolidating other debts
The Money Merge Account ™ Program is much more than just
an accelerated mortgage payment option. Other
debts (e.g. credit card balances, personal loans,
overdrafts etc.) can be transferred to the Money Merge Account ™ Program - which means you benefit from
paying less interest on all your debts
instead of expensive, unsecured rates. The reduction
on your minimum monthly payments can be significant.
And if you're concerned about rolling all your
debts into one big balance, don't be. You'll
be able to break your debts into individual
repayment plans. So you can have a plan for
your mortgage, a plan for your credit card balance,
and a plan for your loan. We'll help you budget
to pay off what you want when you want, and
you'll be able to see each element of your debt
falling month-by-month in line with your plans.
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Funding a major
purchase (new car, holiday home, boat etc.)
The Money Merge Account ™ Program can help in a number
of ways - depending on whether you want to build
a lump sum of equity to fund a purchase, borrow
the money, or do a little of both.
Building a lump sum
Many mortgage programs on the market give you
the chance to overpay your mortgage each month.
But if you're looking to save for a major purchase
(e.g. a holiday home, a car or a boat) at the
same time, you haven't got the flexibility to
do so. The Money Merge Account ™ Program lets you have
your cake and eat it too. It allows you
to put money aside each month for the purchase
and use this money to reduce your balance while
you build up the lump sum.
With the Money Merge Account ™ Program , you'll be able
to set up a savings plan just for this. That
way, the savings part of your balance can be
seen separately from the rest of your Money Merge Account ™ Program balance, and you can budget to
build up the lump sum by the date you want.
Borrowing at a mortgage-style rate
Traditionally, if you haven't got enough saved
for a major purchase like a new car, your only
option is to borrow the money. This usually means
taking out an auto loan or using a credit card,
all at much higher interest rates than you pay
on your mortgage. The Money Merge Account ™ Program is
a much cheaper way to pay, because everything
is paid back at a very low mortgage-style interest
rate.
And you can set up a separate loan plan just
for this. That way you can focus on paying this
part of your Money Merge Account ™ Program balance off
as quickly or as slowly as you want, and you
can check your overall plan whenever you like.
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Buying a second
property
Because the Money Merge Account ™ Program is secured against
your home, you can usually spend up to 100%
of the property value. So if you'd like to use
the equity in your home to buy a second property,
it's ideal! You can borrow at a very low
mortgage-style interest rate while retaining
the flexibility to pay back how and when you
like. Many lenders will charge a higher interest
rate simply because the money is for a second
property, but with the Money Merge Account ™ Program ,
you can pay a much lower amount of interest
than traditional investment style interest rates.
And you can set up a separate payment plan just
for this. That way you can focus on paying this
part of your Money Merge Account ™ Program balance off
as quickly or as slowly as you want - and check
your overall plan whenever you like.
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Planning for
school fees or university
If you have young children, chances are you'll
need to either save or borrow enough money to
get the children through school and university.
The Money Merge Account ™ Program can help in both instances.
Building a lump sum
If you're looking to put money aside each month
for the future, then one of the best places
for this is the Money Merge Account ™ Program . In
this way, the money can reduce your interest
charges on a day-to-day basis, and you can simply
draw on it when the time comes.
With the Money Merge Account ™ Program , you'll be able
to set up a savings plan just for this. In fact,
the savings part of your balance can be seen
separately from the rest of your Money Merge Account ™ Program balance, and you can budget to build
up the lump sum by the date you want.
Borrowing at a mortgage-style rate
Alternately, if you need to borrow the money,
the Money Merge Account ™ Program allows you to release
the equity in your house at a low mortgage-style
interest rate and with the least amount
of hassle.
You can even set up a separate borrowing plan
just for this purpose! The great thing
about the Money Merge Account ™ Program is that it
gives you the flexibility to do what you like
with your money. In many ways, you don't really
have to think about whether you are borrowing
or saving, because when you've got
money, it can go in the Money Merge Account ™ Program to reduce your balance. And when you need
money, you can simply draw it out of the account.
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Coping with short-term
ill health, unemployment, or job transferring
The flexibility of the Money Merge Account ™ Program works
both ways. It's not just a vehicle to
quickly repay your mortgage. When money's tight
(e.g. if one income disappears temporarily as
a result of illness or loss in job), then the Money Merge Account ™ Program enables you to use your
increased equity build up to pay for the daily
or monthly costs you incur until you are able
to get back on your feet financially. This way,
you know you'll get back on track, come what
may. We've got a dedicated team of account managers
on hand to talk through your options. You'll
also be able to use our online service to run
a tight budget. It will let you analyze where
your money's going, plan your entire spending
for the month, and work out what you'll have
left over, as well as set longer term plans
for repaying your loans.
The key thing is that the Money Merge Account ™ Program gives you the financial flexibility you need
to adjust to changes in your lifestyle - in
a way that's right for you - without having
to worry unnecessarily about unknown consequences.
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Planning for maternity
The flexibility of the Money Merge Account ™ Program can
be used to cushion the financial impact of a
newborn baby. If one of you wants to take time
off work, then there are a number of options
available, from reducing your overall payment
commitments for a time to providing the additional
money needed for those unforeseen expenses.
If you need to run a tighter budget, we can
help you. Our online service will let you plan
your entire spending for the month and work
out what you'll have left over, even down to
the penny if you want. You'll also be able to
analyze where your money's going, so you can
see at a glance where you can cut your spending.
We can also help you set longer term plans for
repaying your loans, taking into consideration
the peaks and troughs of your income and expenditure
over the coming years.
The key thing is that the Money Merge Account ™ Program gives you the financial flexibility you need
to adjust to changes in your lifestyle - in
a way that's right for you - without having
to worry unnecessarily about unknown consequences.
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Short-term spending
e.g. holiday, Christmas
Most of us are used to getting out the credit
cards when it comes to the more expensive periods
of the year, such as booking the summer
holiday or buying presents at Christmas. The Money Merge Account ™ Program can take the stress out
of these things, allowing you to reduce your
repayment commitments for a time and make them
up at a later date. Instead of hiking up your
credit card balance, you can simply spend a
little more of your monthly income, leave a
little less in the Money Merge Account ™ Program , and
then just get back on track as you go.
This means you're no longer tied to the usual
'receiving income/spending income' monthly cycle
- you have the flexibility to cope with the
peak spending periods of the year without
the interest and expense that normally comes
with them.
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Making the most
of an inheritance, windfall, large bonus, or
maturing investments
The Money Merge Account ™ Program offers a better home
for lump sums than any conventional deposit
account. By depositing them straight into the Money Merge Account ™ Program , you reduce your loan balance,
so you pay less interest. The interest you save
by doing this is more than the interest you
could earn in any other savings account. And
because it's interest saved rather than interest
earned, there's no tax to pay.
And the great thing is that the Money Merge Account ™ Program comes with checks and a debit card as
well, so you've got instant access to this money.
You'll have a checkbook, debit card, telephone,
and internet access all at your fingertips.
There are no notice periods; you can simply
draw on your money whenever you like and for
whatever you want.
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Funding home improvements
If you're looking to build that extension, then
using the equity in your home could be the most
cost-efficient way of funding it. Because the Money Merge Account ™ Program is secured to your home
you can usually spend up to 100% of the property
value and pay below market interest, so no more
expensive personal loans or finance agreements.
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Self-employed
We recognize that being self-employed means
you need something extra when it comes to managing
your money. That's why the Money Merge Account ™ Program offers you...
The chance to save thousands on your
loan
With the Money Merge Account ™ Program , you are able to
pay less interest on all your loans, thus slashing
your monthly interest bill and putting an end
to expensive loans and credit cards. In addition,
your income works to reduce your loan balance
on a day-to-day basis, so any money left unspent
in your account continues to save you interest
over the lifetime of the account. These
savings run easily into thousands.
Greater flexibility
The Money Merge Account ™ Program is much more than just
an interest saving tool. You can manage your
payments in line with your cashflow, all without
penalties or charges. Pay more one month, pay
less the next! It's entirely up to you.
More control
With online access and complete telephone access,
you can manage your money how and when you want.
You'll have one balance showing you exactly
where you stand and how far ahead you are of
schedule. You can break down your Money Merge Account ™ Program any way you like, and you'll be able
to plan your short-term and long-term spending
in great detail.
The perfect home for your tax money
The fact that you're using money in the Money Merge Account ™ Program to reduce your balance and save
interest, rather than earn it, means you don't
pay tax on it. This makes the Money Merge Account ™ Program the perfect place to put aside some money for
the taxman. And when the time comes to pay the
tax bill, you just write a check to cover it.
This way, your money is working for
you from the day it comes in to the day
it goes out.
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Young professionals
If you're just starting out in your professional
career, chances are you'll need a flexible solution
for your finances. You can benefit from the
flexibility of the Money Merge Account ™ Program in the
early years of your professional life because
you're not tied to high traditional interest
options. This gives you the freedom to
cater for the ups and downs in your spending.
And as soon as your salary increases and you
start to earn bonuses, you can use your surplus
income to reduce your balances and save even
more interest. The flexibility of the Money Merge Account ™ Program means that you can also use your
equity for the bigger purchases like a new car
or a dream holiday, rather than having to take
out more expensive loans.
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Young couple - first
time buyers
The Money Merge Account ™ Program is designed to meet
your financial requirements as you go through
life. It can help fund a wedding, a new car,
or a holiday, as well as allow you the
flexibility to deal with the financial impact
of having a child. You can use the Money Merge Account ™ Program to overpay on your mortgage, thus building
up equity in your home, which will mean a higher
deposit when moving to a bigger house in the
future. If you can overpay your mortgage from
the outset, you will save the maximum amount
of interest in the long-term. You can spend
up to 100% of your increased equity to furnish
your new home and cover other expenses. And
if your home needs improving, the Money Merge Account ™ Program can be used to fund home improvements
further down the line.
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Couple moving up
the property ladder amidst other life expenditures
The Money Merge Account ™ Program can help you accelerate
your rise up the property ladder. It allows
you to use your income and savings to reduce
your balance and build up equity in your home,
so you can move to a bigger property sooner.
And if you move, the Money Merge Account ™ Program can
move with you. If you have children, the Money Merge Account ™ Program also offers you greater flexibility
in dealing with the extra financial strain of
raising them. It can be used to put money aside
for school/university fees - so you get the
benefit of this money working to reduce your
balances and save you interest. And you can
use the accelerated equity in the property to
put your children through school even while
covering any other expenses. And you retain
the same flexibility in terms of repayment.
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Commission-based income
The Money Merge Account ™ Program gives you the flexibility
to manage your finances in line with your cashflow.
So when you have more income, you can deposit
more and save more interest. When you have less
income, you can deposit less. You're no longer
tied to the usual 'receiving income/spending
income' monthly cycle; instead, you have the
flexibility to cope with receiving a low annual
income and high sporadic commission amounts, even
having that money available anytime you need
it. And it saves you interest all the
while!
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Irregular income
The Money Merge Account ™ Program works particularly well
if you're paid a small salary but receive large
sums in the form of bonuses or dividends during
or at the end of the year. You can manage the Money Merge Account ™ Program in line with your cashflow.
You've also got the flexibility to deposit more
when money's available and less when money's
tight. Any lump sums can also work harder in
the Money Merge Account ™ Program , reducing your balance
and saving you interest.
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Older couple - children
left home
The Money Merge Account ™ Program allows you to use any
surplus income you have to accelerate the repayment
of your mortgage. If you have any investments
- e.g. endowments, etc. - these can also be
put into the account when they mature to reduce
your mortgage balance and save you even more
interest. You can also use the equity in your
house to fund that holiday or luxury you've
always promised yourself. Your money is there
until you need it, but it reduces your loan
balance and saves you interest in the meantime.
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