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What Are the Steps For Mortgage Approval in Canada

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Companies, institutions, and banks provide mortgages to thousands of individuals every day in Canada and approving a mortgage is a far less complex process than it seems. Proper knowledge of the entire process and following the correct steps make matters much more straightforward and smoother.

Experts of Mortgage Maestro will guide you through the entire process of taking a mortgage and will provide you with the most beneficial deal possible.

3 Phases Of Mortgage Approval

The entire process can be divided into 3 phases.

  • The Initial Phase
  • The Pre-Approval Phase
  • The Approval Phase

The Initial Phase

The beginning phase of a mortgage approval can be split into two activities.

The Discussion

Everything begins with a formal discussion about the mortgage. This will involve the person who will take the mortgage, a professional mortgage officer, and a financial advisor. Many lending institutions will discuss the mortgage and the amount they are willing to finance.

This will depend on several factors like the property itself, the client’s background, and current financial condition. After a proper discussion, the client can decide whether they are ready to proceed with the mortgage.

The Application

After the final decision has been made, you have to proceed with the application. The application can be made online or in pen and paper mode. You can visit the office of the lender or bank or even apply it from the comfort of your home. Some lenders might even charge a small fee for it, but this is not mandatory.

The Pre-Approval Phase

Following the submission of the application and other related documents, the process officially begins. First, the application is put into an automatic loan processing system. Then, the credit bureau report and debt profile are checked and verified.

The amount of your mortgage eligibility will be decided based on your credit report and your debt-income ratio. The rate of interest is also decided at this stage. You can avail of the benefit

of interest rate lock-in for 120 days.

This essentially means that you can secure the mortgage at the rate decided during pre-approval even though the market rate increases during the next 120 days. Thus, pre-approval is beneficial in a rising interest-rate market.

The next step would involve property hunting. This includes looking for the right property, contacting the real estate agent, and making an offer.

After the property is confirmed, it goes “under contract” for value calculation and various essential inspections. The lending institution requires various inspections that are made mandatory by the Canadian government. They are the following:

  • Appraisal performed by a licensed real estate appraiser.
  • Inspection of wells
  • Septic investigations
  • Inspection for termites
  • Inspection of the foundation
  • Inspection of the home
  • Radon investigations

The Approval Phase

The final phase of this process consists of many necessary steps.

Underwritings

Once the property is appropriately investigated and verified, all details and documents are updated in the loan processing system. The process is now forwarded to the underwritings review. This generally takes some time, generally between 24 to 48 hours.

In this process, the lenders measure the risk that it would take if the mortgage is sanctioned. The decision of taking a calculated risk is based on a few crucial factors like your income, equity, credit, and the property to be mortgaged. A favourable pre-approval can speed up this process.

Processing The Conditional Commitment

When the application meets the underwriting criteria and guidelines, and once the calculated risk is approved to be taken, the process moves on to the conditional commitment. Here, the individual is called upon to discuss the terms of the mortgage.

Once the commitment is confirmed, several important documents need to be furnished. The process will only qualify if every document asked for is shown in a certain period without any complications. The application is marked complete at the end of this step, and now it advances to the last step, the closing.

The Closing

The application is now complete and approved. Now, the lawyer will prepare the documents for the registry of the property as a mortgage to a specific lender. They will also prepare the down payments and closing costs if a new property is involved and change the ownership from the last owner to the current one.

The process officially ends here as the fund is transferred to you, and therefore, the mortgage is complete.

5 C’s Of Mortgage Approval

The process of approval for a mortgage is very efficient, quick, and simple. But getting approval for a mortgage depends on several factors.

  • Character: The individual’s character and background will be verified, investigated, and scrutinized before sanctioning any such loans.
  • Capacity: An individual’s capacity is crucial to understand because it shows whether they can repay it in time with their interests.
  • Credit: A minimum credit score of 600 is mandatory to qualify for a mortgage in Canada.
  • Capital: An individual’s net worth is a huge deciding factor for a lender to understand their risk.
  • Collateral: This is the property that will be given into the mortgage. The value of the property plays a huge role in the approval process of a mortgage loan.

Necessary Information Required

There are many types of information and documents that are necessary to qualify for this mortgage:

  • Present-day employment income information like payslips.
  • Other sources of positive incomes.
  • Down payment information like investment statements, withdrawal statements, and many more.
  • Information regarding several investments and liabilities that you currently have.
  • A cancelled cheque.
  • Details of the property, including the address.
  • Property taxes and rental fees
  • Photocopy of the purchase agreement
  • Photocopy of home appraisal, investigations, verifications, etc.
  • Bio-data of your lawyer. 

Endnote

The process of mortgage approval in Canada can be overwhelming for new home buyers. The entire process usually takes about 2 – 3 business days, provided there was no complication. A pre-approval status stands for 120 days, and a new property needs to be decided within this time frame.

It is best to take the help of a professional if this is your first experience with a mortgage. This would keep the process organized and speed it up.

How to Treat Anxiety Naturally – Great Healthy Tips

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It is normal to suffer anxiety in life, at least once in a while. However, anxiety that can lead to stress and depression can be harmful. It can affect your health negatively and make everyday tasks require more effort. If you hate anxiety and its effects, you can fight it off in many ways like therapy, medication, or using one of the many natural treatments.

For today, we will discuss how to treat anxiety naturally. Natural relaxants treat anxiety and deliver many other benefits. And the good thing is that they rarely have side effects if at all.

Exercise

Exercise is very essential in treating and preventing anxiety at the same time. According to health and fitness experts, you should exercise a couple of sessions a week to be considered active.

But if you have anxiety resulting from the pressures of life, you can increase the time that you exercise to fight anxiety. Try running, dancing, or any other exercise to trigger the feel-good hormones.

Practice Yoga and Meditation

Yoga, including deep meditation, is very effective in fighting anxiety of any form. But one needs to know how real yoga and meditation are done to become a helpful combo. Additionally, seeking remedies such as remedial massages or investing in a massage chair Melbourne can help alleviate soreness and provide relaxation after your yoga and meditation sessions.

If you do not have easy-to-follow yoga and meditation tutorials, join a yoga class near you. You will definitely notice other benefits such as staying focused and thinking more clearly.

Get Enough Sleep

Sleep is a natural treatment for many conditions. If you have anxiety problems, forgetting everything and taking a comfortable deep sleep will help you ease the tension. It is recommended that you sleep for 8 hours every day to get the energy to face life.

A good bed together with a quiet bedroom plays a big role in getting a rejuvenating sleep. If you have sleeping problems still, seek medical help.

Eat a Healthy Diet

A balanced diet with carbohydrates, proteins, and vitamins is recommended for a healthy life. But if you are suffering from anxiety and want to treat it naturally, there are foods you can eat to make you happy and promote brain health.

Seek the help of a nutritionist to know the best foods you can eat while you are suffering from anxiety.

Try Natural Herbs and Essential Oils

Have you heard about essential oils used in aromatherapy? The market is flooded with these natural products that help you relax and boost your mood. And there are many ways to benefit from them including vaping e-juice with essential oils. If you like vaping, try the ePuffer relaxing vape juice because it has essential oils and herbs that promote relaxation. Vaping after work or when you are suffering from anxiety will really help you.

Conclusion

Fortunately, there are many natural treatments for anxiety, and you can explore more. If you get help from a professional, you will discover many ways to deal with this condition while escaping adverse health effects.

What we have discussed here will be helpful to you, and it is highly recommended that you take it seriously to enjoy all potential benefits.

How to Sleep Better – Tips You Should Not Ignore

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Having a good sleep is not only rejuvenating for the next day but also improves your overall health. No wonder it is recommended to sleep for eight straight hours every day. However, not everyone can enjoy sleep as it is supposed to be.

If you suffer from sleep apnea or other sleeping problems, there are many ways to improve this. Just go through these tips on how to sleep better and you will have a good time.

Plan and Stick to a Sleeping Schedule

Once you agree to stick to the eight hours of recommended sleeping time, you need to create a regular sleeping schedule and stick to it. Your body adapts to sleeping better when there is a regular pattern, so go to sleep and wake up at the same time every day. This sleep-wake cycle is highly recommended by doctors for a healthy lifestyle. If you have not tried it, you should start immediately and note the difference.

Create a Conducive Sleeping Environment

Your bedroom should be conducive to sleeping. Although the recommendation is a dark and cool room, you may organize your room to look the way you want. Simple things like cleaning and airing out your room will create a conducive sleeping environment.

You may have heard about Feng Shui, a strategy for planning your room with colors and furnishing to create positive energy. This could be what you need to create a conducive environment to promote sleep.

Use Relaxants

If you often get fatigued, anxious, or stressed during the day, you could try using natural relaxants to promote better sleep. Things such as exercise, meditation, or using CBD oil can help. The latter is often overlooked, but medical experts have now been recommending it for better sleep.

In this case, try legit products from companies such as Cannaflower to promote your sleeping habits. There are more relaxants you could try such as herbs and essential oils.

Eat a Supportive Diet

Food that promotes healthy living is very good for sleep as well. First, make sure that your meals are balanced at all times. Fruits and vegetables are packed with all the nutrients your body needs. Furthermore, they promote good digestion, which ensures that you are not distracted at night.

If you are not sure of what to eat to promote your health, talk to a nutritionist who will help you. Lastly, nutrition-related websites can help you get all the information you need.

Seek Medical Help

If you are sick, you will definitely not sleep well. Several sicknesses and conditions such as chronic pain could take a toll on your sleep. But you can avert this by treating or managing your conditions effectively.

Doctors can treat or manage any condition that is affecting your sleep. All you need is to find the right treatment.

Conclusion

Now that you know how to sleep better, it is time to put it to practice. The above tips are invaluable to anyone and you too could take advantage of them. However, many other tips can promote sleep, and you are free to look at them as well.

What is a Planning Permission?

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When it comes to building and construction, there is a lot more that goes in than what most people know. In some cases, people choose to ignore some processes to help save some cash. However, ignoring things such as acquiring planning permission can be quite detrimental.

In other cases, people do not know what processes are required when doing a construction project. In this guide, we will explain in detail what planning permission is. The article will also highlight the processes involved when applying for planning permission.

What is a Planning Permission?

Planning permission is a document that highlights everything about the structure you’re about to construct. It contains the architectural designs, site survey, and the impact the project will have on infrastructure. The document will highlight if your project will tamper with public resources such as roads and sewage lines.

The document is a legal requirement before you break ground for your project. Failure to apply for planning permission can lead to fines, or in extreme cases, the building could be brought down. As such, it is always advisable to contact a construction consultant before you start your project.

Applying for a Planning Permission

When you’re applying for planning permission, several factors will come into play. Most of it will be determined by the type of project you’re undertaking. However, the steps that are followed when applying for planning permission are almost the same.

The first step is a site survey and design meeting. After that, the construction consultant will review the planning permission drawings and the supporting design and policy documents. Once all the documents are in place, the consultants will submit them for review by the relevant authorities. The consultant will also make a follow-up to ensure that the permission is approved in time.

Hiring Construction Consultants

Getting your planning permission accepted is always a crucial part of your construction project. As such, if you submit incomplete documents, your application may be turned down. This will mean pushing back the project timeline and may cost you more money.

It is always a good idea to hire a construction consultancy team. There you will meet and work with a team of experienced individuals who will guide you throughout the process. The consultants will also follow up on your planning permission application until it is approved.

Always hire a construction firm that is within your area. They will have a great understanding of the local construction laws. They also have a decent idea of how the application process goes and what type of documents will be required during that time.

Bottom Line

Planning permission is a vital document when it comes to building and construction. The type of building will determine whether you require planning permission or not. However, make sure you consult before assuming. Failure to apply for planning permission can lead to a court case. In extreme cases, you might receive a hefty fine from the local authorities or have your building demolished.

Why Should You Sell Your House to Companies that Buy Houses Quickly?

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Your home is one of the most valuable investments you will ever make, and you probably have a sentimental attachment to it. However, you may still need to sell it to buy a new, more spacious one to accommodate your bigger family or you may need to relocate to a new area due to work or other reasons. Unfortunately, selling a home is not a walk in the park because it often takes lots of time and effort. You may also have to hire a real estate agent and pay them a commission as well as spend a significant time preparing the home for sale.

Fortunately, you can avoid the traditional method of selling your house and by looking for companies that buy houses quickly because this offers some benefits. Here are some of the reasons you should consider selling your property to companies that purchase houses quickly:

The companies pay you with cash

One significant advantage of selling your house this way is that they will pay you cash. They have the funds and do not need to rely on sourcing credit or other financial support to purchase your home. Once they come and view your home, they make you an offer.  If you accept it, they start processing the paperwork and pay you cash in a few days, this could even be within a week. Therefore, if you urgently need money to pay debts, foot medical bills, or other uses, these buyers are the best.

They buy your house as-is

Do you want to avoid the hassle of repairing, cleaning, staging, and preparing your home for sale? Then sell it to companies that buy houses quickly because they purchase properties without any need for improvements. You can visit Home Flippers, which is one of such companies, and sell them your home if you do not want to incur costs on improvements, hiring agents, and spending time selling it the traditional way. In addition, you can quickly sell inherited properties that you do not need or homes that have necessary repairs that may cost you too much.

They close the deal quickly

When you want to sell your house fast, for example, to use the proceeds to pay a medical bill, buy another home or settle a divorce case, companies that buy houses quickly are the best option. They take care of the documents, which slows down the sale, and have ready funds. This is because they don’t rely on getting loans, so you can be sure that the deal is as good as done when they make you an offer and you accept it. You are also assured that the sale won’t fall through as it may happen with selling the conventional way. With a traditional sale, buyers often pull out due to issues like the bank not funding the deal, finding other better houses, or simply changing their minds.

The bottom line

Selling your home to companies that buy houses quickly may not fetch you the best price because they buy at less than the market value, but you get your money fast, avoid many sale costs and hassles and get paid cash, enabling you to meet whatever needs you had.

Cannabidiol’s vital role in fighting cancer symptoms inspires family to launch health and wellness startup NaturallyCBD

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When a Howick family member enjoyed miraculous health benefits by using CBD oil, relatives decided to share the power of this ingredient with the rest of the world

Members of a Nottinghamshire family have used the inspiring tale of a relative’s health battle with cancer to share their discovery of CBD benefits with the rest of the world.

A member of the Howick family developed a brain tumour in 2016 and tried CBD oil to see if it would help with headaches and anxiety. The difference it made was “mind-blowing” – and her relatives wanted others to take advantage of the benefits.

After two years of preparation, AG Howick Farm launched a CBD shop called NaturallyCBD which now stocks the biggest and best-quality range of CBD items anywhere in the UK.

Since officially opening in 2021, NaturallyCBD has acquired hundreds of the highest-rated CBD products – with an inventory spanning oils, balms, bath bombs, and hair care.

The presence of CBD in these products can offer relief from aches, pains and injuries, as well as healing skin, relaxing muscles, soothing joints, and improving general mood. 

NaturallyCBD also draws on top tier facilities to ensure excellent customer service – delivering products in quick time frames (with a four-hour turnaround available on some orders).

NaturallyCBD spokesperson Edward Howick explained: “We want to educate and share the benefits of CBD with more people.

“CBD can have such a significant impact on wellbeing – which we’ve seen first-hand. We’re hoping to spread that message whilst offering products that make people’s lives better.

“Everyone can benefit. Whether it’s older people wanting to relax with a bath bomb or a member of the younger generation hoping to recover from a sports injury, there is a product here that can help.”

All items from NaturallyCBD are also terrifically presented upon purchase – with a dedicated gift ideas section available on the website.

To find out more about the benefits of CBD and view the shop range, visit the official NaturallyCBD website here.

Stop Loss vs Stop Limit Orders: How to Differentiate Them?

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How to avoid potential losses when you are out of your trading platform and cannot watch prices? Today, we want to tell you about the two instruments that will protect you from unnecessary risks and allow you to sleep with a calm mind.

Most online broker services offer an extensive variety of automated tools for controlling loss risks. Yet, in this overview, we want to focus on the two of them that arise most questions among beginners. The problem is that they work similarly, so it may be complicated to choose which one to apply in a given situation.

First, let us provide their short descriptions.

·   Stop loss. When one activates such an order, one specifies a minimum or a maximum rate, below or above which an asset is sold or purchased automatically. If you want to sell some stock and expect its price to grow, but have certain doubts, you can set a point below which it will be sold, and the deal will be closed. As a result, you will control your financial risks.

·   Stop limit. Such a deal is also automatically activated (or opened) only when the price of an asset falls or rises to the certain point.

Now, let us compare stop loss vs stop limit orders. So, the first instrument is applied to close a trade, which is already opened, at a current price to prevent higher losses, but it cannot make any influence on potential profits. While the second one allows a trader to enter a deal at a price, which is more advantageous for him, so it is used to reduce wastes and to increase profits in high volatility conditions. Thus, the first type of order is suitable both for instant and pending execution, while the second one is always pending. Also, one must take into account that only stop limit deals allow specifying an expiration date. You must keep in mind that the market situation can change at any moment, and it may turn out that the price specified is not profitable anymore. Then, you will need to open a new order with altered parameters.

In sum, stop loss orders are aimed at protecting you from excessive financial wastes in case the market trend turns wrong, while stop limit ones are designed for executing trades only if the market situation gets advantageous for you.

7 Key Binary Options Strategies for Beginners

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Interested in binary options, but do not know how to use them effectively? There is no universal approach that will suit every trader. Still, one can single out a few strategies that enjoy the biggest popularity among professionals. So, start by familiarizing yourself with them.

The first question you will probably ask is: “What are binary options?”. These are such deals when you need to predict whether a price of an asset selected, for example, a stock or a precious metal, will move upwards or downwards within a specified period. So, if your forecast comes true to life, you will win and get the funds risked back in addition to a 70–80% return. And in case your forecast turns out to be wrong, you will lose all the money put at bet. Yet, you must bear in mind that this trading instrument involves significant risks along with huge returns, which is why experts advise sticking to small bets ― no more than 5% of your capital.

So, how to make such bets at a profit? Below, you can see the top basic binary options strategies:

1. Following trends. Have a look at the charts, find the asset that shows a clear rising or falling trend, and make a bet. There is a good chance that its price will increase or decrease along with the corresponding asset. But avoid the products with stable prices (the corresponding charts will have a form of a straight line).

2. Monitoring the news. For example, if you learn that some company is about to present a new fascinating product, the price of its stocks will probably increase.

3. Straddle. You can also take advantage of stock rate fluctuations caused by exciting announcements. For example, when a company releases some innovations, its stocks grow in price for a short period, then, they fall downwards and rise again.

4. Pinocchio. It involves betting against the current trend.

5. Candlestick formation patterns. It requires analyzing historical charts to find out at which times the asset chosen usually falls or rises in price and to which point. That allows determining its pattern.

6. Fundamental analysis. This approach involves deep research on the asset (or the company related) so that you can use this information later when the market situation is volatile, and you can predict the direction of the price movement.

7. Hedging. One makes two opposite bets at the same moment. Regardless of the price movement, one receives a profit. But it is essential to accurately calculate potential losses and wins and to compare them.

In the end, we must highlight that, regardless of the strategy chosen, you must pay enough time to prior market analyses and stick to minimal bets. Also, we recommend you test every new strategy or approach with virtual money via a demo account before you make a real bet.

PCOS Early Diagnosis and How it Affects Your Body

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Polycystic ovary syndrome shortly known as PCOS has been a familiar term in recent years. The term is very popular that it is the favorite topic for article writers in heath advisory websites and health magazines. As it affects mostly women in their reproductive age and seriously affects fertility, it has a social aspect also. PCOS diagnosis is a threat or concern for teenage girls, parents being afraid of marriage, etc. Treatment for PCOS suggests an early diagnosis for better results. Though it is mostly understood as a hormonal disorder affecting the ovaries, the disease affects the whole body. It makes the defective functioning of many organs and organ systems. Some complications like obesity and diabetes may develop due to PCOS, which has no connection with the ovary at a glance. Today, some teenage girls suffer problems like delayed menstrual bleeding, overweight or excessive growth of unwanted hair, etc as a result of PCOS. But it is also possible that some women may not show any signs or symptoms till their middle age.

In such cases, the PCOS diagnosis happens when the couple goes for routine scanning as a part of the infertility treatment. Though the woman may not be having any discomforts, the disease may be in a later or progressive stage by then. In man cases of infertility, PCOS is the reason that can not be managed successfully. It is not an infectious disease or an acute condition. Both genetic and environmental factors play a role in the development of this condition. Pathogenesis starts at a very young age leading to changes in the body systems. Clinical manifestation of PCOS starts mostly as irregular and delayed periods but without any other discomforts. Girls especially at a young age, take it as an advantage or convenience due to ignorance. But this is a dangerous condition that develops the pathology underneath. It is very common in urban girls and women nowadays counted due to unhealthy diet and lifestyle. Due to immediate changes in hormone levels, this disease can cause both physical and emotional problems. If not diagnosed and managed on time, PCOS can lead to physical changes like obesity with body parts that are not proportionate.

Other physical changes include dark patches on the skin especially the neck & face, excessive sweating with bad odor, and excess growth of unwanted hair like men. As the hormones play a main role in emotions, PCOS may manifest as uncontrolled emotions like fear, grief, or mostly anger. Humans are created as male or female and rarely transgenders. It is not yet clear why there is a little number of female hormones in all men and vice versa. In PCOS, the female body produces male hormones mainly androgen in an abnormally higher quantity. It is not normal and leads to many health issues. PCOS diagnosis is done based on a group of signs and symptoms observed along with higher levels of male hormones in a woman of reproductive age. Normal levels of hormones are a blessing but when abnormal they can lead to many problems. The abnormally higher levels of the male hormone androgen in PCOS cause delayed menstrual periods, the main symptom of the condition.    

The female reproductive system has two ovaries on both sides of the uterus, connected to it by a tunnel-like structure called the fallopian tube. Ovaries produce the female reproductive cell, named as ovum. In normal conditions, only one ovum starts growing and reach maturity in either ovary in a month from the numerous follicles. Once matured enough it is released into the fallopian tube. If conception is there, the ovum meets the sperm in the tube and fuses with it. If not, the ovum travels down and is eventually expelled as part of the menstrual bleeding. Ovaries do not work properly in women with PCOS. The immature cells in ovaries called follicles swell like bigger pouches and not the single-cell get matured and form an ovum as it is meant to be. A cyclic reaction develops like the hormonal surge leading to physical changes and vice versa. In this, the ovum is not normally released and no pregnancy is possible.

The disease, mainly the imbalance of hormone levels leads to obesity. PCOS is a condition that affects the endocrine system including the pituitaries ovaries pancreas and other organs. The condition interferes with insulin and fat metabolism also. This causes a lot many problems associated with the condition including type two diabetes, cardiac diseases, thyroid problems, and skin problems like acne. It makes the woman prone to more serious conditions including endometrial carcinoma. The blood pressure is seen in many women with PCOS owing to the fat deposits in the wrong way. Emotional stress ad uncontrolled mood swings in PCOS can also be the cause for a higher value of blood pressure in them. PCOS diagnosis with stress is not an easy matter. The person will face severe changes in her body including hair growth like men noticeably, excess oil and acne on face, uncontrolled & sudden weight gain despite not eating enough food, dark skin patches and thickened skin mostly on face & neck and excess fat deposits.

Very severe and abrupt mood swings make the condition worse. In most cases, the sleep will be disturbed and the person feels lethargic and weak all the time. Changes in physical appearance may cause disappointment in the person eventually leading to depression. PCOS weight loss is a way to be tried out but it is not a replacement or substitute of treatment for PCOS. PCOS weight loss is attained by a controlled and balanced diet along with a healthy lifestyle including Yoga, physical workout, breathing exercises, and meditation. Treatment for PCOS includes medications ( Ayurvedic Medicines ) like symptomatic management and hormone therapy along with lifestyle management. A sedentary lifestyle acts as a risk factor in most cases of PCOS. An active lifestyle, early diagnosis, and proper management will help the person improve their quality of life.

Costco revealed as cheapest place for fuel in Britain according to new price research

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Sainsbury’s was found to offer the best value for money among the ‘big four’ supermarkets – with Manchester and Coventry the two top cities for cheap fuel

The long queues at petrol stations have finally subsided, but as the fuel shortage passes, another crisis dawns. There are now reports of a diesel price surge for the upcoming month – with costs predicted to hit record highs in November.

In a bid to help drivers keep their tanks topped up without breaking the bank, vehicle dealership Vertu Motorcycles has conducted research into national fuel pump prices to find the most affordable station.

Six weeks’ of price analysis across hundreds of pumps revealed that Costco offered the best value for money – with the brand’s member-only policy allowing for more competitive prices.

Costco is in fact home to the cheapest petrol pump in the whole of the UK: The Birmingham fuel station on Watson Road (B7 5SA) near Coventry.

The cheapest diesel in Britain, however, is actually found further south at Sainsbury’s in Enfield, London along the A10.

Manchester and Coventry are the best places to purchase fuel overall – with 60% of cheap stations located in or nearby these two cities.

Ranking by cheapest Fuel station (petrol) City Average petrol price* (pence per litre)
#1 Costco Birmingham (Costco Birmingham Automat) Coventry 125.8
#2 Sainsbury’s Northwich Manchester 127.0
#3 Sainsbury’s Bolton Manchester 127.2
#4 Sainsbury’s Staines London 127.4
#5 Asda Barons Quay Northwich Manchester 127.5
#6 Costco Leicester (Costco Leicester Automat) Leicester 127.9
#7 Tesco Northwich Manchester 127.9
#8 Asda Minworth Coventry 127.9
#9 Sainsbury’s Castle Vale Coventry 128.0
#10 Tesco Brent Cross Hendon Way London 128.2
Ranking by cheapest Fuel station (diesel) City Average petrol price* (pence per litre)
#1 Sainsbury’s Enfield London 128.9
#2 Costco Leicester (Costco Leicester Automat) Leicester 130.2
#3 Costco Bristol (Costco Bristol Automat) Bristol 130.4
#4 Unbranded Ashton Old Road (St Annes Service Station) Manchester 130.4
#5 Costco Oldham (Costco Oldham Automat) Manchester 130.7
#6 Tesco Brent Cross Hendon Way London 130.9
#7 Costco Birmingham (Costco Birmingham Automat) Coventry 131.0
#8 Sainsbury’s Bolton Manchester 131.1
#9 Sainsbury’s Redditch Coventry 131.2
#10 Sainsbury’s Beckton London 131.5

Vertu Motorcycles’ data also revealed that the big garage brands, such as Texaco, Esso and BP, are among the most expensive for fuel – consistently ranking among the priciest across the country.

Texaco proved particularly costly – with fuel here priced at 2.7p per litre more than the national average.

Research also showed supermarket petrol stations offer better-priced fuel for Brits overall.

Costco was lowest at 129.9p per litre, and out of the ‘Big Four’ supermarkets, Sainsbury’s emerged best-value at 131.5p per litre.

Tesco is the most expensive supermarket for fuel, with prices averaging at 132.7p per litre, while Morrisons and Asda sit in the middle with 132.5p and 132.4p per litre, respectively.

Cheaper fuel prices can also be found at Murco and independent fuel stations, but these are much rarer than the big garage brands (Texaco has around 800 UK stations, while Esso and BP each have over 1,200 locations).

Ranked by most expensive Fuel brands Average fuel price (pence per litre)
#1 Texaco 135.1
#2 Applegreen 134.4
#3 Esso 134.2
#4 BP 133.8
#5 Tesco 132.7
#6 Morrisons 132.5
#7 Asda 132.4
#8 JET 132.2
#9 Sainsbury’s 131.5
#10 Gulf 131.4
#11 Independent 131.0
#12 Murco 130.9
#13 Costco 129.9

Want to make more everyday fuel savings? Check out these top tips below:

  • Shop at supermarkets for the lowest fuel prices. If possible, try to top up locally at independents to help support them.
  • Under-inflated tyres require more fuel to maintain movement. A five-minute check every two weeks is all you need to save money at the pumps.
  • The extra weight of a full tank will cause your car to burn through fuel quicker. Fill your tank up halfway to stay fuel-efficient.
  • Eco-drive. Accelerating smoothly and maintaining a constant speed (rather than erratic speeding up and slowing down) consumes much less fuel, netting you noticeable savings.

A Vertu Motorcycles spokesperson commented: “With the fuel shortage still fresh in people’s minds, it is critical that everyone reassess how and where they buy their fuel from to avoid paying over the odds.

“Of course, it is not viable for those who live near expensive pumps to drive further afield to find cheaper fuel, but knowing which fuel brands are best to avoid could save you a pretty penny at the pumps if you do have the option.

“Hopefully, this is the last time we hear of any ‘fuel crisis’, but it always pays to do your research and exercise cautious purchasing habits.”

For further insights from Vertu Motorcycles, visit the Vertu Motorcycles blog.

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  • usd-coinUSDC (USDC) $ 0.999915 0.01%
  • cardanoCardano (ADA) $ 0.828783 2.97%
  • tronTRON (TRX) $ 0.270507 3%
  • staked-etherLido Staked Ether (STETH) $ 2,535.03 0.3%
  • avalanche-2Avalanche (AVAX) $ 25.06 0.74%
  • the-open-networkToncoin (TON) $ 3.50 2.08%
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