Feb
24
24/02/2011
Relying on your savings to supplement your income puts you at risk of greater pain from the rising rate of inflation. To overcome inflation, a basic rate taxpayer needs to find a savings account paying 5% a year, financial information service Moneyfacts said. But the average savings rate being paid to this group is 0.83%, it found. “Those reliant on their savings income will undoubtedly find their level of savings pain harder to endure.” said Sylvia Waycot, of Moneyfacts. “The rise in inflation will hit those who rely on their savings to supplement their income the most, in particular pensioners."
If you are struggling paying your bills and want to pay off your debts, consider the help of a sell and rent back company. For those already struggling with personal debts and high mortgage payments, a sell and rent back company allows you to sell to rent back. The sell rent back company will buy your home and enable you to stay in it as a tenant. Property Rescue is one such company and can exchange within 48 hours. You also avoid paying estate agency fees and valuation fees too.
Property Rescue is a sell rent back company that enables you to sell to rent back within 48 hours. When you sell to rent back through Property Rescue, you also avoid estate agency and valuation fees. Contact the Rent Back Experts division at Property Rescue on 0800 1313 999 or by email at info@rent-back-experts.com. You'll get a response within hours.