Jan
7
07/01/2011
A recent report notes that the Bank of England gave a boost to many UK households when the base rate was cut to 0.5%, a record low. Predictably, the greatest impact was seen by the 23% of borrowers who have base-rate tracker mortgages. The 20% of borrowers who have variable rate loans did not see as much benefit, partially due to banks not fully passing through rate cuts as of yet. In context, this suggests if rate increases need to be made by the Bank again, it could significantly compromise many borrowers’ ability to stay on top of payments.
Those who fall into mortgage arrears and are in threat of repossession might consider the services of a sell home fast specialist. When you sell house fast through a sell house quick specialist, you benefit from no estate agency fees and the ability to obtain a quick house sale, potentially exchanging within 48 hours. Property Rescue is one sell house fast company that provides an offer in hours. And, once your sell house quick offer is approved, the sale is guaranteed.
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 home fast response extremely quickly.