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Sell House Fast UK
Lenders throughout the UK have become significantly averse to risk over recent months. Many people are being quoted higher interest rates as their fixed term mortgage comes up for renewal. The fantastic deals that allowed us to buy expensive homes in the first place have disappeared and are replaced by offers that are just not viable. So more people are now faced with the reality of having to scrape together mortgage repayments significantly higher than they have previously made. At the same time our cost of living expenses are also squeezing the household budget.
Sell My Property
Reports are predicting that up to two thirds of current mortgage holders will struggle to find a new lender. This means that many of us are stuck with the offer our current lender is providing. As many lenders are trying to reduce their exposure to the mortgage market they are offering interest rates significantly higher than the base rate, to try and discourage customers from retaining their mortgage with them. The problem that many people are discovering is that they cannot find a new lender prepared to take their mortgage and they cannot afford the new rate they are being offered from their current lender.
Sell My House and Rent Back
If you find yourself in this situation the only answer is to sell your house, however in a declining housing market this is not easily achieved. With the monthly call of the direct debit the pressure is on to sell your house before the lender repossesses it. Time is critical and does cost you money, therefore the opportunity to have a cash offer in just 24 hours probably sounds too good to be true, but it is a reality. Buy My House provide a number of packages that are designed to relieve the pressure and facilitate a quick cash sale for your property.
