Essentially Home Loans Weblog

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 [...]

There are growing fears that Britain’s housing sector could be heading for a painful slowdown as the credit crunch affecting the banking sector spills over into the wider economy.
Recent figures released by the Building Societies Association show that the value of mortgage approvals for January nose dived by 25% to £4.168bn.
These figures are the strongest [...]

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 [...]

About 4% of all mortgage holders in the UK are Alliance and Leicester customers. Therefore, there might be a few of them who are understandably a little nervous at the news that Alliance and Leicester lost 33% of its value recently. Traders were literally dumping Alliance and Leicester stock as they feared that it might [...]

A report out by the TUC which concentrated on affordability issues in England has found that the typical house price ten years ago was £60,000. The price at the time was three and a half times the average home loan.
There has been considerable house price inflation since then and the average price of a house [...]

Despite the recent news of falling house prices, the property market and the cost of home loans here in the UK continues push the bottom rung out of reach for many first time buyers. So for some it may be worth considering investing in some property abroad.
Except for Spain, house prices in Britain have increased [...]

There is evidence that the economy is beginning to slow down due to the impact of higher interest rates according to a number of indicators including the slow down in house price inflation, a cut in high street prices and the number of repossessions increasing across Britain.
Demand for homes remained strong for most of last [...]

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 July interest rate rise by the Bank of England was the fifth interest rate rise in less than a year and has affected many homeowners with millions more expected to feel the effects of the rise by the end of the year.  This is despite the rate drop in December, because many lenders are [...]