Make A Fast House Sale To Avoid Slipping Into Negative Equity
Published on October 21, 2011 | Author: admin
Options Available to Help You Make The Fast House Sale You Need
Your Property Worries Solved
A lot of issues with the current property market are related to the lack of first-time buyers, as many have been frozen out of the market as they are unable to raise the amount for a deposit. A form of home loan lifeline is now being offered to these would-be buyers, with several lenders slashing their rates for those with small deposits. Some experts, however, are dubious as to how helpful these offers really are.
Amid predictions of falling house prices, those with small deposits could swiftly find themselves sliding into negative equity. Despite banks’ efforts to improve property market activity, forecasts are still looking gloomy for the industry. According to estate agency firm, Savills, prime London prices – which have a tendency to push up the national average – could fall by about 7% next year if the US falls back into recession. According to the latest figures from the Land Registry, average house prices across England and Wales have fallen by 2.6% so far, as of August.
A Money Mail investigation this month revealed some areas have suffered far more dramatic drops, with Hartlepool, for example, falling 15.7% and Rochdale 13.5%.
Falling house prices are particularly dangerous for those with a small deposit, as they can easily be pushed into negative equity. According to research, approximately 827,000 homeowners in the UK are already facing this strain.
If you are worried about the decreasing house prices, and want to sell your home before your property decreases in value any further, call Quick Cash For Properties now on 0800 6528 396. Our expert property buyers have the knowledge and experience that can help you make a fast house sale for a best cash offer. We charge absolutely no fees whatsoever, so get in touch today on 0800 6528 396.