Property Rescue Blog

Stockbrokers the world over have had a scary ride over the past week or so.  The effects of events in the US have been felt around the globe and have sent jitters through the UK housing market in case what’s happened in America were to be replicated here.

Property lenders in the US have, it seems, been less than careful about the credit history of those to whom they grant loans.  Consequently when many of these people have defaulted on payments the loan companies have felt the effect.  The reason for the global ripple is that it is hard to identify where these loans are actually sourced because of the way in which loan companies borrow extensively from each other.

It might be difficult to relate what’s happening in the US to our own property market, but some commentators have questioned whether a similar cause and effect reaction could take place here.  Whatever happens, it now seems clear that although property prices remain on the up, the increase is slowing substantially.  Could the recent share market volatility lead to UK lenders being just that little bit more strict about ensuring they only lend to people who are the ‘least risk’?

If that were to be the case it would be all the more important to avoid having your home repossessed and incurring County Court Judgments through personal debt.  Property Rescue can eliminate the threat of repossession through its buy and rent back scheme, and can even help you deal with credit card debts at the same time.

If you are already someone who has a bad credit history you will know how much impact that can have on your life.  If your credit history is currently unblemished, then you would be well advised to do your utmost to keep it that way.  Property Rescue guarantee to buy your home and help solve your debt problems, no matter what has happened in the past.  Contact them for a free valuation and the opportunity to get rid of your debt and worry.  All calls are in strict confidence and with no obligation whatsoever.