Mar
22
22/03/2011
UK mortgage lending remained at low levels in February as the housing market remained "stuck in a rut", lenders have reported. Gross mortgage lending during the month was £9.5bn, which was very similar to January's very low level, the Council of Mortgage Lenders (CML) said. The lenders' group said 2011 would be "challenging" for the housing market. A separate survey found that the rise in rents for tenants were caused by a shortage of homes . In February rents rose by 0.2% to £684 a month. The rise followed a dip in the cost to tenants in January, the research from LSL Property Services indicated.
If you are struggling to pay your bills and want to pay off your debts, consider the help of a sell and rent back company. These sell rent back companies will buy your home and enable you to sell to rent back, and 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.
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 to rent back response within hours to allow you to sell rent back.