Help to Buy Schemes – Wales

Did you know Red Dot are Help to Buy – Wales: approved financial advisors!

At Red Dot we’re proud to be on the Help to Buy – Wales: approved financial advisors | GOV.WALESthis means that your in good hands when chatting to our team about buying your first home.

Getting started on the property ladder may seem like a daunting process with many asking questions such as;

 

*How much deposit do I need?

*What schemes are available to me?

*How do they work?

*When do I need to pay the support from the Government back?

*How much can I borrow?

*What homes are eligible?

*How does buying your first home work?

*What other costs should I be aware of?

 

All of the above questions are common things we get asked and with so many options available out there it can be difficult as a first time buyer to know where to start.

Our services are available face to face and over the phone making chatting to us as easy as possible at a time that’s convenient to you (we also offer our services in Welsh!)

Looking to find the answers to some of the questions above? Call our friendly team today on 01558 825 950 to start your property journey!

Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

Supporting our local food hub at Llandeilo through Red Dot Rewards

Earlier this month Dyfed & Stephanie visited the Llandeilo food hub where they met with Christoph Fisher and volunteers to find out more about the services of the hub and what it means to the community of Llandeilo.

Situated behind the school just off the road of Rhosmaen street you will find the community food hub which is run entirely by volunteers mainly associated with the Llandeilo Primary school.

History of the Hub

The food hub was set up over a year ago and for a time not only gave food to people in need but also delivered meals.

That side moved over to Carmarthenshire County council, including the meals for NHS staff as people had more specific needs.

The work of the hub also saw the volunteers collect toiletries for hospital patients while they were isolated, mainly in conjunction with Cross hands food hub.

How the Hub has evolved

The food hub now prepares food parcels for up to 100 families. As we know these people now, we are making up the parcels tailored to the families’ individual needs.
Some need a parcel every week, some get by most of the time but need a top up to see through, especially if an unexpected bill such as an MOT or similar can impact their finances.

Aspirations of the hub

There is hope to develop the food hub into a food education hub, teaching families to cook economically and how to budget which will be a great opportunity to support even more people from within our community.

How to get involved and help including where to donate

The Covid 19 Support Group is collecting food on their behalf, every day of the week between 2pm and 4pm at the Rugby Club / Cae Williams Llandeilo.

The hub also accepts monetary donations if you are unable to visit a drop off point, please contact the hub directly should you wish to make a financial contribution.

The Red Dot partnership- get involved and help to support

At Red Dot we believe that communities are at the heart of everything that we do, and we would like to give a little something back. We have teamed up with the food hub which allows people to donate to the food hub through our rewards scheme. Click here to find out more (Red Dot Food Hub rewards leaflet)

What the hub could benefit from receiving

Particularly needed are meals for single people, be that ready meals or tinned meat or fish. In addition to pasta sauces, pasta, bread, tinned soups, gluten free products, toiletries…

Everything can and will be used given the high number of people we support.

How to stay connected with the hub

You can keep up to date with the great work of the hub by following their Facebook page which you can access via this external link  Llandeilo Food Hub | Facebook 

Renters protection…. Swansea University students shared their thoughts with us!

Renters Protection

Home Insurance can often seem to be a privilege only afforded to those who actually own property. However, home insurance can actually cover rental tenants living alone or in HMO’s as well. While of course insurance cannot prevent damage, theft, it can provide a safety net if these were to occur.  

By taking out a home insurance policy, you could be compensated for several things such as: 

*Loss of possession 

*Alternative accommodation 

*Home emergencies and, 

*Legal protection 

While it’s not always pleasant to think about these being needed, it’s certainly important. And being prepared for the worst can make it much easier to deal with, and the home insurance policies offered aim to do just that. 

 

Family Legal Protection 

If this is a part of the insurance policy, you will be provided with legal representation in the cases where necessary. With this you can be comfortable in the knowledge that you will receive professional, qualified representation in your disputes who will act in your best interests. This representation can work with you on contract disputes, personal injury claims, and property claims. 

Above is a brief summary of some of the things the insurance cover could provide, each policy is different therefore be sure to check it fully and that it’s right for your needs before taking out cover.

For more information visit the ‘Home Insurance’ page on the ‘Our Services’ section of the Red Dot website where you can also request a free quotation to see how much cover could cost.

March 2021

Buying a new car- Swansea students share their thoughts with us!

Swansea University students shared their thoughts with us on Buying a New Car!

The day you buy your first car tends to be an exciting one, the freedom and opportunities it brings can open you up to so many new possibilities. But it is as important as it is necessary that you take the correct steps to have everything in order if something were to go wrong.

And the best way to ensure it, is to Insure it!

Car/ motor insurance covers a variety of issues such as break down cover and personal injury protection! This means that if you were to be in an accident and were unable to work for a while due to injury, you can be compensated which is at least one less thing to worry about!

Car insurance can give you peace of mind when on the road so that the only thing you need to worry about is traffic, and parking spaces.

For more information on the different types of cover available. Red Dot have access to the whole of the market allowing them to search a range of providers to find the best cover for your needs. Visit the ‘Motor Insurance’ section of our ‘Insurance’ page to request a quotation from the Red Dot team.

 

March 2021

A feature blog by Swansea University students. Business Insurance – Did you know?

This week we have the opportunity to hear feedback first hand from Swansea University students who have been looking at the types of personal and business insurances available. 

Group 30 from Swansea University had the pleasure to interview Hannah, who is one half of InTouch Marketing Consultancy and a student from Swansea University, to discuss some aspects about business protection from first-hand experience and how Covid affected her business. If you have not watched the interview, go watch it on our YouTube channel!

Business protection is something that Hannah had not considered when times were normal because she “never assumed something bad was going to happen” but now this is something that she would have considered if she knew what was coming ahead. In fact, she might not be the only who has doubted about this topic before times went complicated, if you are a business owner or thinking about creating your own start-up it might be your case too, so speaking to one of our professional advisors at RedDot Cymru will get you sorted in the short and long term.

Hannah had not been taught through previous education the vulnerability of small businesses and importance of business protection before she opened InTouch Marketing, until she decided to do her own research about it and inform herself a bit more. She now thinks taking a more informative course is all she needs to consider what option is the best one to protect her business.

So for people like Hannah, or you, Red Dot’s brand-new website offers a course for individuals to have the opportunity to learn about this topic and a lot more, just so that you can feel a lot more confident and prevent stress in times like these. You can also follow RedDot on social media to keep up to date with them or to find out more about business protection, just give them a call on 01558 825 950 and they will help you find out more.

Budget Guide 2021 from Red Dot (Cymru) Ltd

Our guide to the Budget 2021 aims to provide a clear and concise commentary of the main Budget proposals, focusing on the issues pertinent to you, your family and your business.

Delivering the Budget in Parliament on 3 March 2021, Chancellor of the Exchequer Rishi Sunak said, ‘This Budget meets the moment with a three-part plan to protect the jobs and livelihoods of the British people. First, we will continue doing whatever it takes to support the British people and businesses through this moment of crisis.

Second, once we are on the way to recovery, we will need to begin fixing the public finances – and I want to be honest today about our plans to do that.

And, third, we begin the work of building our future economy.’

This Budget follows a year of extraordinary economic challenge as a result of the ongoing COVID-19 pandemic. The announcements set out how the government is extending its economic support to reflect the cautious easing of social distancing rules and the reopening of the economy in the government’s roadmap.

As the economy reopens, this Budget also sets out the steps the government is taking to support the recovery. The Chancellor said his immediate priority continues to be supporting those hardest hit, with extensions to furlough, self-employed support, business grants, loans and VAT cuts.

He also set out plans to drive jobs, growth and investment to help the economy rebound – and spoke about the tough choices required to put the public finances on a more sustainable path.

What does Budget 2021 mean for your future plans?

If you would like to review your current situation or discuss how Budget 2021 could affect your future plans, please contact us – we look forward to hearing from you.

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