(1888PressRelease)
June 19, 2007 - Living costs, interest rates and other expenses are making it increasingly difficult for homeowners to be able to meet mortgage repayments, with the National Housing and Planning Advice Unit (NHPAU) set up as a way of addressing the situation before it is too late.
"Housing affordability has reached a critical point […] demand for housing is growing and unless action is taken, pressure on the market will only get worse," commented NHPAU chair Stephen Nickell.
"The job of the NHPAU is to help make market housing more affordable and hence to slow down, and even to reverse, the apparently inexorable rise in the number of people locked out of the housing market."
Property purchase expert Julian King adds: "With interest rates set to rise at least 6 per cent more before the end of the year, many homeowners may feel that selling up now is their most viable option." King is director of National Homebuyers, the UK's leading fast purchase property company.
"We have been inundated with people who have already reached their critical point, where no even selling their property on the open market will fit their needs.
"Due to the lack of buyers and the exaggerated asking prices recommended by estate agents, we are finding that people require a quick sale property solution."
National Homebuyers arrange to purchase properties quickly for vendors who need a quick sale. They are also leaders in arranging a 'Sell and Rent Back' solution where homeowners release equity in their property but remain living there as a tenant.
National Homebuyers website is www.nationalhomebuyers.co.uk/index.asp.
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