SELL YOUR HOME QUICKLYCredit crisis leaves 20,000 jobless in London
There is no dispute – the credit crisis has impacted on every single Briton in some way or another. Whether you now pay more for food and other necessities, need to cut down on luxuries or have to stretch your budget to afford rising mortgage payments, nobody is immune to the effects.
Statistics released by S&P, CEBR, IMF and The Times show that 3 million households will see their mortgage payments increase this year. 1.4 million homeowners will face steep payment increases as they come to the end of their fixed-rate mortgages this year, with the average mortgage payment expected to rise by £150 per month.
Things are not looking any better for first-time home buyers. Those looking to get onto the housing ladder will now require an average deposit of £7,500. Estimated repossessions have also increased by 50 percent to 45,000 for this year.
Darling to meet with mortgage lenders
Statistics like these have prompted Chancellor Alistair Darling to finally jump in and try to restore order within the housing market. Darling is expected to tell mortgage providers to pass interest rate cuts on to homeowners. In return, the lenders are offered easier and longer loans from the Bank of England, using a wider range of assets as security for loans.
They will reportedly also be told to help out householders who have hit difficulties. Darling is also expected to remind lenders of their duties to do all they can to avoid repossessions by reworking mortgages, and offering people lower monthly payments while extending the term.
A cash property solution
If you’re one of the millions facing increased mortgage payments this year and can’t afford to pay £150 more per month, help is at hand. Contact MPG Investments today for a cash property solution that will leave you debt-free and without mortgage payment worries in only 7 days.
More articles people found useful:
- Cash for houses
- How gaining cash for your property can help you
- A cash property sale can make relocation a breeze
- Sell commercial property for cash
- 'Cash for houses': what it means for you
- With MPG you can be a cash buyer of your dream house
- How MPG coordinates a quick property sale
- Want to sell your house for cash in 7 days?
- A 'cash for houses' sale: The ultimate financial problem solver
- Cash for houses: The ultimate property selling solution!
- Release your home equity fast: opt for a cash house sale!
- Cash for houses: with MPG Investments
- Cash for your house in just 7 days
- MPG offers cash for houses – AND businesses!
- Get cash for houses and clear your debt today!
- Need cash for your house? Contact MPG today!
- Get money in your pocket when MPG buys your house for cash!
- Looking for a cash buyer for your home? The search ends here!
- Need cash for your home? MPG can help!
- Sell property for cash: A home seller’s guide
- Do you need a cash house buyer?
- Contact us
Latest News:
- UK Mortgage borrowers balk as fixed-rate deals expire
- Credit crisis leaves 20,000 jobless in London
- Interest rate cut on the cards for UK consumers
