Essentially Home Loans Weblog

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 of [...]

Experts in the banking sector insist that tracker home loans are still good value for money. This is because it is considered by most experts that we are interest rates reached the peak at 5.75% last year and they are only expected to come down from now on.
The current interest rate is 5.5% so anyone [...]

Abbey, Britain’s third biggest mortgage lender, has come under heavy criticism for adding to the nation’s personal debt problems by launching a new mortgage that is worth up to 125% of the sale price of the property.
This is the biggest of its type loan to be offered by a UK bank and is secured completely [...]

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 [...]

According to two of the country’s largest home loan lenders, house prices will only rise by six percent this year.  Halifax and Nationwide have announced that they expect the house price growth to slow between now and the end of December.
Because of the recent interest rate rises, lenders are starting to see the effect that [...]

With the recent weather that Britain has been experiencing it comes as to no surprise that many UK residents are now flying abroad to enjoy warmer, sunnier weather for their holidays.  Many holidaymakers who spend their holidays at a warm country often end up dreaming of owning a permanent spot in the sun and start [...]

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 private equity industry’s appetite for debt is reaching levels that may bring the UK economy down like a house of cards, according to a parliamentary report.
The report states that the Government needs to consider changes to the way wealthy executives are taxed.
The Treasury Select Committee warned that the growth of the industry came was [...]