Just two years ago, the rate of people 55 and over who were planning to work beyond the state pension age was at 40%. Research shows that number has now jumped to 71%, which suggests that the current recession has decreased house values, investments and pension pots. It is also estimated that 15% of currently retired people living in the UK have outstanding mortgages averaging £50,100, as well as an average of £7,344 in outstanding non-mortgage debts, with 34% in the red on loans and credit cards.
UK residents who are struggling with their personal debt or making their monthly mortgage payments can use the sell and rent back services of a company that specializes in sell to rent back transactions. These sell, rent back companies purchase homes quickly for cash, giving you the option to remain in your home as a tenant. Property Rescue is one of these sell and rent back companies, and can provide you with sell to rent back services that allow you to sell, rent back and avoid estate agency fees and legal fees.
For a quick house sale valuation, call Property Rescue on 0800 1313 999 or email them sales@propertyrescue.co.uk. You will obtain a sell to rent back response extremely quickly.