For the first time in decades it’s never been a worse time to be a homeowner. The economic climate, individual debt and the over inflated property market have all combined to make the gap between homeownership and affordability bigger then ever. The result? Repossessions have risen sharply as more homeowners are unable to achieve a fast house sale in the current economic climate.

The housing market has effectively been ‘reined in’ by the global credit crunch and the situation in America has sparked fears easy lending could lead to an increase in house repossession. As a result, homeowners who over-extended their finances to afford their properties may have little choice but to opt for a fast house sale to safeguard their homes from repossession. It is possible to get a fast house sale using a specialist property rescue company that buys properties from struggling homeowners across the UK – even giving them the option to rent their homes back if they don’t want to move.

The housing market in the UK has slowed down substantially making a fast house sale harder to achieve because:

• New buyer enquires have fallen for the 11^th month in a row
• Interest rates have risen five times in one year
• Lending criteria conditions have been tightened in response to the global credit crunch
• Surveyors have reported that house prices are falling
• Many homeowners stretched their affordability capacity taking out unmanageable debt to get onto the property ladder
• A fast house sale may be one way of salvaging your finances if you are worried you are vulnerable to the threat of repossession or spiralling debt.
• The number of new mortgages has fallen by 20% - fewer buyers on the market means it’s harder to achieve a fast house sale.

The property squeeze is thought to be increasing in pace. And it’s thought the slowdown will really make itself felt in 2008. A cooling off property market means getting a fast house sale – especially if you’re in a difficult area – is almost impossible. A specialist home buyer could provide the answer you’re looking for.

njoy.co.uk is a dedicated website that can help get you the best price for your property from committed cash buyers in your area. We aim to have you a cash offer in principal for your house within 24hrs of you registering your house on njoy.co.uk.

Many of our registered investors can offer you a 'sell and rent back' option, where they will buy your house for an agreed price, and allow you to stay in your property as a tenant. This may enable you to pay off all your debts in one easy stroke by releasing the equity tied up in your home. If you wish to discuss the process then we would be delighted to talk to you at your convenience, our customer service team can always be contacted either by telephone 0845 337 0038 or alternatively you can email your query to: info@njoy.co.uk