With house prices plummeting, homeowners have less home equity or possibly negative equity, as home equity decreases you are at a greater risk of house repossession.
The media are continuously writing articles on home repossession this has made everyone aware of the need to reduce their debt to the bank.
So people are putting all of their [...]

The government has dropped a bomb shell and outlined an aggressive scheme known as the Home Buy Scheme which is designed to help first time home buyers onto the property ladder.
Tax payers money will be used to help first time buyers buy their first home.
Because of the credit crunch there are thousands of new homes [...]

Home Equity Loans

What is home equity?
Your home equity represents the difference between your home’s market value and the debts against it.
Here’s an example of positive home equity.
•    Your home is worth £300,000
•    Your mortgage is £200,000
•    You have a secured loan of £45,000
•    £300,000 market value minus £245,000 cash owing gives you positive home [...]