It’s a crippling combination – you’re mortgaged to the hilt, in unmanageable debt, and facing higher interest rates. If you can’t see a way out, a quick house sale could be the solution you’re looking for.

The Halifax has said that house prices are slowing down. The Halifax is the UK’s biggest mortgage lender and its monthly survey says prices fell by 0.6% this September, continuing a downward trend. It’s thought the reasons more homeowners are opting for a quick house sale are:

• Property prices are responding to the five increases in interest rates since mid-2006
• Mortgage repayments have increased as a result of the interest rate hikes
• Homeowners have over-borrowed to get on the over inflated property ladder
• The sub-prime market is selling mortgages to people who simply can’t afford to sustain their mortgage repayments
• A quick house sale now is preferable to the threat of eviction or house repossession
• A quick house sale now is more appealing then risking lower property prices in the future if the housing market does seriously slump

With the average home reaching £200,000 it’s no wonder that even those on good salaries or dual-incomes are struggling with the risk of repossession and debt. As the housing market slows down, it can be impossible to get a quick house sale in the current climate. Opting for a quick house sale using a specialist property rescue company is one way of finding an instant and effective solution.

Other surveys and analysts of the UK housing market point to the same thing – that the property market is slowing down. The fact that the number of people taking out new mortgages is also slowing down adds to the evidence of a financial market facing turmoil as a result of the increased affordability pressures on homeowners. A quick house sale is a viable alternative for many who feel they have no other financial choice.

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.