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Sell and Rent Back – Bank Mortgage Approvals Drop 10%

Jan 27

27/01/2011

The number of mortgages approved for house buyers by the UK's main banks fell by 10% in 2010. Figures from The British Bankers' Association (BBA) underline the subdued state of the UK property market. The number of approvals was shown to be at its lowest level in 11 years, with the exception of 2008. Last week, the Council of Mortgage Lenders reported that the value all new mortgage lending, including remortgaging and equity withdrawal, fell to its lowest level for nine years in 2010.

If you are struggling to pay off debts or loans, or have problems paying your monthly mortgage, you could consider the help of a sell to rent back company. These sell rent back companies buy homes for cash, allowing you to stay as a tenant with sell to rent back. Property Rescue is a sell and rent back company that can buy homes quickly, allowing you to benefit from no estate agency or legal fees. When you sell to rent back with this sell rent back company, you can exchange in as little as 48 hours.

For a valuation to sell and rent back your house quick, contact the Rent Back Experts division of Property Rescue on 0800 1313 999 or email info@rent-back-experts.com. You will obtain a sell house fast and rent back responsewithin hours.

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