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SELL YOUR HOME QUICKLYYour guide to selling a house during the credit crunch
Homeowners all over the UK are tightening their purse strings in order to survive the current credit crisis. While cutting down on luxury items and unnecessary spending is the right approach to take, it is the rising cost of home loans and mortgage payments that is the biggest hurdle.
According to “Reuters”, homeowners are now facing fees of up to £5,000 to take out a mortgage. Data shows that the fees on fixed-rate mortgages have just about doubled in the past 12 months, as mortgage suppliers battle to keep up their profit margins. To make matters worse, interest rates charged by banks have also gone up.
But it is not only the fees and the bank charges that have increased. Halifax, Britain's biggest mortgage lender, hit homeowners with its second increase in mortgage rates in less than a fortnight.
Halifax controls 20 percent of Britain's mortgage market, and the two increases will add more than £1,000 a year onto a typical £158,100 loan, eating further into the budgets of cash-strapped homeowners.
This latest shock comes amid reports that 1.4 million borrowers will have to apply for a new mortgage this year, as their fixed-rate deals come to an end. Lenders have been pulling cheap fixed rates, cutting the maximum loan-to-value and tightening their lender criteria as problems in global money markets continue.
Selling a house and looking for help?
So is there an easy way of selling a house and getting rid of your mortgage during the credit crunch?
MPG Investments offers the perfect way to sell a house. All it takes is one phone call and your house sale will be in the hands of the UK’s expert property investors.
Use these guidelines to make selling a house a breeze
Step 1: Make the callPhone MPG on 0800 634 9231 and put the wheels in motion to sell your house in only 7 days.
Step 2: Receive a free property value assessmentOnce you have contacted MPG, your house will undergo a free property value assessment within only 24 hours.
Step 3: Accept the guaranteed cash offerYou will receive a guaranteed cash offer 48 hours after the property value assessment. The cash offer is the exact amount that will be transferred into your bank account – no commissions, fees or charges will be deducted.
Step 4: Pay off your mortgage and live debt free!MPG’s convenient cash property sale system enables you to pay off your debt and continue with your life without the stress and worries of a mortgage keeping you up at night.