Aug
10
10/08/2010
For some time now, lenders have been criticized about payment protection insurance (PPI) and the manner in which some of these policies have been sold. PPI policies are made available to borrowers and are supposed to assist them in paying loans, credit card bills or mortgages if they lose their jobs or fall ill. Lloyds Banking Group is now the first bank responding to this ongoing criticism by no longer selling payment protection insurance. Additionally, the sale of PPI is now being limited by the Competition Commission and Financial Services Authority. Current policyholders can be assured that their existing plans will not be affected by this Lloyds Banking Group decision and will stay in force.
If you are facing redundancy and are at risk of falling into mortgage arrears and the threat of repossession, you might consider that help of a sell to rent back specialist. Sell rent back specialists buy homes for cash, allowing the owners to stay on as tenants after the sale with sell to rent back. When working with a sell and rent back company, you can get a free valuation and offer within hours, and can exchange in as little as 48 hours. Additionally, with sell rent back, you do not pay legal or estate agency fees. Sell and rent back can assist you in obtaining cash quickly to pay off debts, making sell rent back an excellent option for some homeowners.
For a valuation to sell and rent back, call Property Rescue on 0800 1313 999 or email them sales@propertyrescue.co.uk. You will obtain a sell house fast response within hours.