Mar
24
24/03/2010
According to the British Bankers’ Association (BBA), the rush of buyers trying to beat the end of the stamp duty holiday was at least partly responsible for the continued depression of the mortgage market in February. The latest figures they have published show that big banks approved 35,275 mortgages in February, which was only a small increase over the 35,154 home loans approved in January. This displays that subdued mortgage lending continues.
This will, undoubtedly, have a knock on effect on the mortgage market and will make it even more challenging to sell house fast, particularly due to the lack of buyers. If you need to sell home fast to free up equity, clear debts or avoid repossession, you may want to consider the assistance of a sell and rent back company. Going through a sell, rent back firm will allow you to sell your home fast with a sell to rent back option that allows you to stay in your home as a tenant. Sell to rent back companies buy for cash and do not charge valuation or estate agency fees. If you are interested in a sell, rent back option, Property Rescue can respond extremely quickly.
For a sell and rent back valuation, call Property Rescue on 0800 1313 999 or email them sales@propertyrescue.co.uk. You will obtain a quick house sale response in hours.