Property Rescue Blog

18/04/2009 

With The Council of Mortgage Lenders announcing the latest negative equity figures this week, it acted as a further blow to those seeking a fast property sale.

“Since the start of the credit crunch the new official figure for those in negative equity now stands at 900,000 homes” Said The Council of Mortgage Lenders “And those whose equity is less than 10 percent, is now a further 1.1 million homeowners”.

Negative equity stops people from selling their home (as their sale price won’t match the debt they owe to their mortgage lender). It affectively forces them to stay in their home, whether they wanted a quick home sale or not.

One route to achieving a fast property sale is to use a company who can "Buy my house for cash".  Buying direct avoids delays caused by broken chains and ensures you pay no estate agency fees.

For further information to sell home fast,  contact Property Rescue.

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