Home Owners In Danger Of More Repossession
Published on September 2, 2010 | Author: kieran
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Yet another worry over increasing house repossessions was expressed by Mr. Hargeaves, the co-founder of Financial Adviser Hargreaves. ‘There are an awful lot of people just about financing mortgages on homes in negative equity because of low interest rates. However, if mortgage payments were to rise above rental costs, repossessions could become a big problem’, he said.
He further suggested that any increase in interest rates would mean a huge disaster for the UK’s fragile economy and a massive increase in the number of repossessions, as people would not be able to make repayments on their mortgages.
This is very worrying, as an increase in interest rates has already been talked about in the past month. It is suggested that the current low interest rate of 0.5% will become unsustainable sooner or later and ultimately result in a n increase.
If you are facing a house repossession, Quick Cash For Properties can help you NOW in what can be a difficult and stressful situation. Call one of our specialist homebuyers on 0800 933 6137 now and find out how we can help you.
Property Repossession To Rise By October
Published on August 20, 2010 | Author: kieran
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Don’t wait until it’s too late
Latest news warns about the possibility of increased number of property repossessions. So far we have seen home repossessions going down for the third consecutive quarter with a decrease of nearly 4.1% in the last quarter. However, mortgage brokers are already suggesting that repossession figures could rise again towards October 2010.
As the country tackles higher unemployment rates in the near future, many could be facing eviction from their homes as more and more people get in deeper debts. Quick Cash For Properties, however, has the experience and resources to help homeowners avoid their homes being repossessed.
We offer a few different solutions to avoid this happening and one of them is a quick house sale. If you are in need of professional help and advice, call 0800 933 6137 for more details now.
Homeowners In Danger Of Negative Equity And Repossession
Published on July 28, 2010 | Author: sona
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Quick Cash For Properties can help you today
The property market predictions are not very ‘homeowner-friendly’. Today’s news revealed that if prices to continue to fall drastically, we could see the property value dropping by £42,000. Homeowners, who bought during the period of higher prices back in 2006 and 2007, as well as those who bought this year, could be in danger of negative equity and repossession. With increasing unemployment to come, more people are said to be struggling with mortgage repayments and monthly bills in general. Quick Cash For Properties has years of specialist experience in helping people to avoid repossession through a quick house sale.
If you’re facing eviction from your home, call a member of our homebuying team on 0800 933 6137 today.
Second Wave Of Credit Crisis And Mortgage Difficulties
Published on July 1, 2010 | Author: kieran
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Are you coping with your mortgage repayments?
According to The Bank of England, the next three months won’t be ‘mortgage-friendly’. It will become much harder for homebuyers to get a mortgage as lenders struggle to secure the cash on the wholesale markets to fund loans. There is a growing fear that households will not be able to meet their monthly mortgage repayments. The director of Private Finance, Melanie Bien, said: ‘When it looked as though lending conditions were starting to ease, the bank is warning that we could face a second credit crunch. For those borrowers who are already struggling to secure mortgage finance, this is nothing short of disaster’. The Bank’s interest –setter, Adam Posen announced: ‘The UK is potentially switching between two states - a recovery, which we are now in, albeit perhaps an initially weak one….and the renewal of a severe recession if not outright deflation’. Many households are under the threat of financial difficulties in no time, hence the fact the worst is only about to come.
Ask for help before you in your debts spiral out of control and find yourself with no roof over your head. Call Quick Cash For Properties for fast and professional advice now on 0800 933 6137.
Control Your Debts Now
Published on June 30, 2010 | Author: savannah
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Is you debt growing?
Everybody wants and needs the financial system to get back on its feet. In order to do this banks need to put more capital aside. Moreover, central banks intend to scrap the workings of ‘financial institutions having to fund themselves’. The plan needs to be put in motion, but at what price? According to The Bank of England’s Financial Stability Report: ‘There is a risk that banks (will) alleviate their own funding pressures by further constraining credit conditions for customers. That would dent economic recovery and so raise credit risk for all banks’. Following this, the current position of banks are not stable.
The biggest threat to the financial stability is the fact that debt crisis, especially in Greece, are worsening, which will in turn impact Britain. There are other dangers lurking from behind the corner though. If the current interest rates go up, many companies may have to deal with bankruptcy, meaning countless number of individuals would be affected by a loss of income. This may cause an inconvenience or could lead to repossession.
Can you imagine the external factors on? Or maybe you already dealing with them? Quick Cash For Properties can help stop your house from being repossessed. Call 0800 933 6137 now and we can help you before it gets too late.
Mortgage Holders Threatened By Increases Of Interest Rates
Published on June 17, 2010 | Author: sona
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Are you struggling financially?
Latest news revealed today point out the threat of increases in interest rates to current mortgage holders in the UK. According to the research conducted by Marketguard, 75% of the people questioned expect interest rates to rise in near future, which will in turn put them in financial difficulties. One in ten is said not to be able to pay their repayments if the circumstances head in this direction. Chris Taylor, chief executive of Marketguard stated: ‘Nearly half of the UK’s mortgage holders would feel the squeeze heavily and there could be little doubt that defaults and repossessions would increase’. The rate of repossessions and unemployment has been on the rise and many homeowners have found themselves struggling financially. However, there is help out there. Quick Cash For Properties can help you get out of your financial dilemma or stop your house from being repossessed fast.
If you are struggling with your mortgage repayments or are facing eviction from your home, call us now on 0800 933 6137 and let us take away your worries.
UK Areas Affected By Repossession The Most
Published on June 9, 2010 | Author: savannah
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Do you live in the area with a high repossession rate?
The Centre for Responsible Credit published an interactive map that highlights those areas within the UK with the highest number of repossession claims and orders. Areas of Corby (Northants), Barking and Dagenham, Burnley, Knowsley, Luton, Newham and Thurrock were marked as locations hit with the greatest percentage of repossession claims per 1,000 of the population in 2009. At the same time, these areas reportedly had the biggest proportion of court repossession orders. Areas of Gosport, Gwynnedd, Ipswich, Woking and Wrexham represent areas where repossession claims are most likely to result in an order for possession being given by the courts. Corby is also said to be the most affected area by recession.
Are you facing your house being repossessed or you being evicted from your home? Selling you house is one of the options to stop this. Quick Cash For Properties has helped many homeowners stop repossession over the years, so call us today on 0800 933 6137.
Many Lenders Still Not Delivering On Repossessions
Published on May 21, 2010 | Author: savannah
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Do you need to clear your debt urgently?
Many mortgage lenders according to debt advice organisations have not totally signed up to new government initiatives that are aimed at helping individuals to prevent repossession. Mainstream mortgage lenders have complied and improved the way they treat struggling homeowners however, subprime and “second charge” lending sectors are not up to scratch. Research into government schemes have proven to be limited and unsuccessful as it seemed to only help a handful of homeowners. Debt advice organisations have found just 20% of advisers had reported that the arrears collection practices of subprime and second charge lenders had improved. Experts have highlighted that that higher – profile lenders are doing more to help struggling homeowners compared to their subprime and second charge counterparts. Recent figures have shown approximately 800 people in a week to be contacting the citizen’s advice bureau with a reported 49% increase in new enquiries regarding mortgage and secured loan arrears.
Are you struggling with mortgage re-payments or have financial difficulties? Quick Cash For Properties can help you fix this. Sell your property for cash and become debt-free today. Call 0800 933 6137 now.
London Hit Worst By Repossessions
Published on May 7, 2010 | Author: suzanne
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Is your house in trouble?
Spicerhaart conducted a study on repossession statistics and declared that London is the repossession capital of the UK. They found that city centres have had the highest number of repossessions with London having 166% more than the next highest city, Birmingham. However, London was the only southern city that appeared in the top ten.
In the top five worst affected are London, Birmingham, Manchester, Liverpool and Belfast. Following those are Nottingham, Craigavon (NI), Peterborough, Coventry and Leeds.
The Managing Director of Spicerhaart Corporate Sales believes that repossessions continue to rise in city centres as home owners there have been worst hit by unemployment, increasing inflation and falling house prices.
Worried about losing your house over your high debts? Call Quick Cash For Properties on 0800 933 6137 now and find out how we can help you avoid repossession.
UK Repossessions Persists
Published on May 5, 2010 | Author: kayleigh
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Are your mortgage repayments under control?
More and more properties are continuing to be repossessed in UK city centres that anywhere else in the country, with London being a primary area. According to new research conducted by estate agency Spicerhaarts, London was one of the worst areas in the UK for repossessions with 66% more properties being taken into possession by lenders compared to the second worst city Birmingham. One of the reasons for this could be down to significantly rising house prices in this area and subsequently buyers borrowing beyond their means and missing mortgage re-payments. According to Mark Pilling, managing director of Spicerhaart “ we may now officially be out of the recession, the after-effects of the downturn continue to make themselves felt in many parts of the country. Repossession numbers continue to rise in city centres where home owners have been hit hard by unemployment, increasing inflation and falling house prices. In order to help these homeowners recover as much of the value of their loans as possible, it is important that possession sales are managed quickly and efficiently, which is why using a specialist asset manager such as ourselves can help speed the process along and relieve the pain for all parties concerned”.
Worried about your home being repossessed? Look no further than Quick Cash For Properties. With years of professional experience we can help you fight repossession – call 0800 933 6137 now for advice
