Essentially Home Loans Weblog

Expatriates in Singapore discover that it is very costly to rent a hotel room when they plan to stay for a significant amount of time in the country. An answer to this costly predicament is buying a residential property in the country.

If you have had bad credit history in the past, then at times it can seem a little overwhelming to try and find the right places who will help you out when it comes to home loans. Though this may have been the case in the past, things are now changing for you and others in your category.

Sub-prime lenders are using heavy handed approaches in order to manage borrowers who are falling into arrears. This, coupled with bad advice from brokers as well as irresponsible lending decisions, is making things a lot harder for some borrowers. Many of the regulatory safety nets set up by the Financial Services Authority (FSA) are failing [...]

The Chancellor Alistair Darling has proposed making it easier for lenders to fund 10-year fixed rate home loans. The changes proposed could mean that borrowers would then be tied for longer periods to their fixed rate deal thus helping to stabilise the market. So far borrowers have only been able to take out these type [...]

One of the UK’s leading charities has stated that sale-and-rent-back property schemes are a disaster waiting to happen and something needs to be done sooner rather than later. The claims come from the Citizens Advice Bureau who have called for more official regulation of firms involved in the scheme. Currently firms are simply buying the [...]

New restrictions have been introduced by lenders meaning that high-risk lenders will find it increasingly difficult to secure a mortgage. Because of the changes by lenders to their lending criteria it is expected that the number of rejections for home loans are going to soar. An independent broker has released new research showing that a [...]

The decision by the Bank of England to hold rates at 5.5%, shows clearly that it is still not fully convinced that the slowdown in the housing market has gone far enough. Analysts are more doubtful however warning that continuing instability in the credit markets is going to force the Bank to cut the base [...]

There have been increasingly strong signs that the property market is heading towards a slowdown. The first shock to hit the housing market last summer was the sub-prime lending crisis that resulted in banks tightening up lending criteria and following stricter conditions on extending bad credit loans to borrowers with poor credit history. The slowdown [...]