Interest rates rise, homeowners to fall into mortgage arrears
Monday, 9th July 2007Interest rates as set by the bank of England have risen again to 5.75%. a move which could push many homeowners into mortgage arrears and financial hardship. Families could be faced with repossession as mortgage costs are on the increase.
Some homeowners will try to sell their property quickly through estate agents so that they can then pay off debts from the proceeds of the sale. This may not be the ideal solution though as you will have to move out of your home and find alternative accommodation.
We can offer a smart alternative by purchasing the property quickly from you and allowing you to stay in the property as a tenant for as long as you like. We offer fixed rent periods so that you do not have to worry about increases in the rent and can therefore have better control on your outgoings.
Contact us now to discuss our sell and rent back scheme. We always offer you free advice regardless of your circumstances. If you have already been threatened with repossession we can still help.