Essentially Home Loans Weblog

You can’t have failed to have noticed the news in the media over the past months on the financial crisis that is being experienced by Northern Rock at the moment. Britain’s eighth largest lender has been in serious financial difficulties and savers have been panicking. Many customers have their life savings in Northern Rock savings [...]

According to a new survey published by the Daily Mail, HSBC has some of the best offers on the market when it comes to certain financial products. However, when you look at some of the other products used in the comparison, they are the worst on the market. It is pretty much the same story [...]

With the current interest rates rising and with the predictions of the base rate rising even further next month, many homeowners are struggling to make ends meet and are finding new ways to come up with the funds and meet their monthly home loan repayments.  One way to save and make your money work for [...]

Many experts are advising homeowners with fixed-rate mortgages close to expiry to act fast and avoid paying unnecessary amounts towards their mortgage.  After May’s base rate hike, many standard variable rates are now as high as 7.75 percent.  This 7.75 percent standard variable rate is well above the cheapest deals on the market, and consumers [...]

If you are a first time home buyer, the idea of having to save a large amount of money for a down payment can be daunting.  However, there are ways that you can make saving for a down payment a lot easier and be able to purchase your first home faster than you could have [...]

Students who are studying tend to focus most of their attention on their studies, and how their education will benefit them in the future. Finance is not always the first thing on their mind.  Always being aware of your finances is good, however it is when you start to neglect and forget about your finances [...]

The number of Brits receiving performance-related bonuses has doubled within the last 12 months, according to figures released by building society group Birmingham Midshires.  These bonuses have fed the housing market, bolstered the inflation rate, and increased the number of consumers taking on personal loans.
The average amount of each bonuses has decreased from £3,858 to [...]

If you are looking at opening a savings account for your child you should find out the current rates that are being offered by financial institutions and banks.  Here are a few banks and the current rates that they are offering on a children’s savings account:
HALIFAX BANK
Halifax is offering a fixed 10% AER on a [...]

If you are looking to open a savings account, you will find there are different types of savings accounts in which you can apply for.  There are easy access account, notice accounts, bonds accounts, tax-free accounts, as well as regular savings accounts.  When you are deciding on what account would best suit your needs, you [...]

There are many foundations of personal finance, security, stability, management, and growth and protection. Security is an important foundation of personal finance, as it will allow you to become financially free and benefit from investment growth.
Financial security for many people means that you have health, auto, home, and life insurance. With these policies [...]