Sell house, rent back companies could fill the housing gap as the open market grinds to a halt.
Sell house rent back schemes could boom in popularity as reports suggest estate agents are struggling to sell just one property a week. According to a recent survey into the state of the housing market, the news is dire – with estate agents in London selling just two homes every month.
Sell House, Rent Back – Property Market 'Paralysed'
According to the Royal Institution of Chartered Surveyors, the housing market is almost 'paralysed' thanks to the state of the economy. The huge slash in mortgage approvals, lack of buyers on the property market, plummeting house prices and the rising likelihood of negative equity means more homeowners are finding themselves in a financial house trap and are opting for sell house rent back schemes.
Sell House Fast – Choose a Rent Back Scheme and Stop Repossession
The combination of mortgages drying up alongside fears of mounting job insecurity means the housing market has ground to a virtual halt. Halifax issued a recent report stating that the average house price has fallen by ?30,000 in the last year. Sell house rent back schemes allow homeowners who can't find a more affordable remortgage, or suitable buyer, the opportunity to sell their home fast and stay put as a tenant. For those who feel they are on a definite path to mortgage arrears and repossession, sell house rent back schemes offer a life line.
Sell House, Rent Back as Buyers are Frozen Out
Increasingly, some homeowners who had successfully found a buyer are now finding themselves left hanging as their buyer pulls out at the last minute. Parts of the country have been hit by unemployment fears as major employers struggle in the financial crisis – buyers who previously felt financially secure are now pulling out as dark financial clouds grow. For those left in the lurch, a sell house rent back scheme could offer an option. Added to that the reluctance of banks to lend or pass on interest rate cuts, it's no wonder buyers are far and few between – as those who do want to take advantage of the plummet in prices to get onto the housing ladder are finding themselves frozen out by the lenders.
Looking for a Sell House, Rent Back Scheme? Speak to Property Rescue
If you need help to get a sell rent back scheme for your property, contact us at Property Rescue. We're committed to helping you, whatever your circumstances. Property Rescue has helped hundreds of homeowners, rescuing them from desperate situations. With Property Rescue you can rent back with confidence.
Call freephone 0800 1313 999 for help today.
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