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 [...]

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 homes [...]

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 quarter [...]

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 [...]

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 [...]

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 [...]

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 [...]

Despite the fact that property investors are still willing to pay out £1m for a house in London, analysts are predicting a one in five chance of a UK housing market crash within the next two years, according to new research by a leading bank recently.
This may be an actual crash, or it may be [...]

The UK sub-prime mortgage market is experienced another year of strong growth in 2006, according to research from Datamonitor.  The UK sub-prime mortgage market is expected to reach GBP31.5 billion by 2011, 4.7%, compared to the mainstream market’s rate of 2.6%.
‘Content Although significant opportunity remains in the UK sub-prime mortgage market, growth is slowing in [...]

A secured loan is typically a mortgage or a personal loan in which the loan amount is secured against an asset that is of equal or lesser value than the full cost of the loan.  With personal loans often the loan is used for the purchase of a car and in those circumstances the car [...]