Essentially Home Loans Weblog

According to a survey by Nationwide Building Society only 29% of credit card customers are aware of the fact that many credit card providers always pay off debts charged at the lowest interest rate before paying off the debts with the higher rate of interest, making themselves an additional £500 million each year from this [...]

The amount of debt that families across the UK are defaulting on has hit a record high according the figures from the Bank of England.
In the first half of 2007 banks were forced to write off £3.74bn because borrowers are failing to pay back their loans.
This means that everyday households in the UK are defaulting [...]

Barclaycard has entered the pre-pay travel card market by launching its own travel card, Travel Money.  Barclaycard has decided to launch its Travel Money card as the pre-pay travel card market becomes more popular and more competitive, with more and more holidaymakers preferring the travel card to their typical debit card or borrowing money on [...]

If you felt like most of your repayments for that bank loan you have were going on the interest, don’t expect a reprieve soon. Banks took advantage of the base rate rises earlier in the year to raise their credit card and overdraft interest rates well above the last base rate rise back in July [...]

The amount that we owe to banks has got larger and larger of the past decade and is now worth £1.345 trillion. That is a tripling of debt over the past 10 years and is greater than the total size of the economy.
The size of the debt is now a very real threat to the [...]

Student loans are not a young adult’s concern. They are a family concern. Many parents are forced to help their children through school, or watch them struggle helplessly under the burden of student loans, exams, and poor housing.  This puts undue strain on the family unit as well as the student.  But, there are ways [...]

The government is actively working to increase the supply of housing to make it easier for first-time buyers to find affordable housing, and to decrease the buy-to-let market.
Both families and first-time buyers will benefit from an investment of £8 billion into a program to increase affordable housing and new reforms to increase the supply of [...]

More and more of us are borrowing an increasing amount of money against the value of our homes, according to research from the Bank of England. In official language this is known as mortgage equity withdrawal.
The amount of mortgage equity withdrawal amounted to £49.7bn for 2006 and that was up from £36.6bn in the previous [...]

Analysts are suggesting that parents follow the government’s lead and educate their children in financial matters, to prevent them falling into financial difficulties in the future. Integral to success is the understanding of your credit report, says credit reference agency Callcredit
The plans of the Government to help school children tackle personal finance issues are a [...]

New figures from Mintel reveal that Britons are in twice as much debt as they think they are.  When the subjects of the research were asked to estimate just how much money they thought they owed in unsecured debts such as credit cards, overdrafts and loans, the average UK adult replied that they thought they [...]