SELL YOUR HOME QUICKLYMore homeowners consider a quick home sale
British homeowners seem to be taking the weakening housing market to heart, with almost a fifth saying that they’re considering getting out of the property market. In a poll of 1,100 homeowners published by www.iammoving.com, 18% said that they were considering a quick home sale, moving into rental accommodation and then buying again once the house prices have fallen.
Most admitted that it was money worries that would ultimately prompt them to get out of the property market, while others cited relationship breakdowns and a desire to emigrate.
Meanwhile, the reality of skyrocketing mortgage and loan rates, the increased cost of living and more personal debt were also contributing factors.
Increasing concerns about financial instability
New figures released by Money Expert confirm that British homeowners are not only looking for a quick home sale, but that six percent of them intend to put off plans for buying a house due to concerns about their own financial stability.
It is clear that no one will be able to escape the effects of the credit crunch. Britain’s major banks are already taking a more cautious approach to lending, resulting in fewer mortgage offers, higher premiums and charges and a general steering clear of anyone with a less-than-perfect credit history.
In other words, it doesn’t matter if you are a first-time buyer or existing borrower coming off a mortgage deal, your choices are drastically decreasing.
Don’t let rising mortgage payments or nightmares about not finding a home buyer keep you up at night. Contact MPG now and find out about our fantastic Sell and Rent Back option that allows you to sell your house for cash and then continue living in it on a rental contract for up to three years!
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