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Now is a good time to opt for a quick house sale as mortgages hit a post 9/11 high.
According to recent news reports the cost of owning a large mortgage has hit a post-9/11 all-time high. The rise is being put down to the global credit crunch or credit squeeze that is making itself felt through the UK economy.
Quick House Sale – Escape your Mortgage Debt
As more risk-averse lenders are making mortgages and loans more costly then ever thanks to the instability of the economy and high interest rates, a quick house sale is the fastest way to escape your mortgage debt. More homeowners are feeling shackled to their massive mortgage repayments and are worried that despite the high cost, the value of their homes is actually dropping.
Worried about Negative Equity? Opt for a Quick House Sale
After the Northern Rock crisis, the cost of borrowing is at its highest, and the Bank of England shows that the cost of large mortgages is now at it’s highest – an all time high since those months of instability to the global economy that followed the 9/11 terrorist attacks in 2001. A quick house sale may be the best way to avoid your property price plummeting – especially if you find you can no longer afford the increased mortgage repayments.
Stop House Repossession – Jump off the Property Ladder
The sub-prime market is struggling as lending criteria is tightened up. As a result, the housing market slowdown that is already widely reported and speculated on has been exacerbated. Many homeowners are deciding a quick house sale to stop house repossession is the only way forward. For some, a quick house sale is simply a viable alternative to riding out months or years of housing market instability.
A Quick House Sale – the Solution to Stop House Repossession
Demand for new mortgages has dropped as loans become more expensive – and this is also impacting on the overall property market. It can be hard if you’re worried you are unable to stop house repossession to get a quick house sale through an estate agent. Your property could stagnate for months as the market grinds to a halt. A quick house sale to stop house repossession using a specialist property rescue company could be the only solution.
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
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