Yorkshire, UK (25 February 2011) – The latest figures from the Council of Mortgage Lenders show that the number of home repossessions in the UK is at its lowest in three years, with around 36,300 people having their homes repossessed in 2010 – a 24 per cent fall on the previous year.
While this may come as good news, experts are warning that they expect repossession rates to rise sharply again this year, as ongoing government spending cuts drive up interest rates. With city traders predicting that basic rates of interest will increase by at least 0.25 per cent from their current 0.5 per cent level, the cost of mortgage holder’s monthly repayments look set to rise significantly.
It’s possible that these increased payment pressures will result in home owners seeking to sell their property before it’s repossessed, but with the economic downturn continuing to stunt the housing market, making a quick sale can be easier said than done. However, for home owners in Yorkshire, there is another option available.
Sell Your Yorkshire Home specialise in fast house sales in Yorkshire. Whatever the circumstances, Sell Your Yorkshire Home will facilitate a quick and stress-free sale of their clients’ Yorkshire homes by giving expert advice and taking care of all the paperwork.
“As the new government’s cost-cutting measures gather pace, interests rates are sure to rise, which is why the Council of Mortgage Lenders believe that around 40,000 mortgage holders will have their homes repossessed in 2011,” commented a spokesperson for Sell You Yorkshire Home. “We can help those struggling to ease the burden of mortgage repayments by guiding them through a fast sale of their Yorkshire home.
“We will arrange to meet clients within 24 hours of initial contact and value their property there and then. Should they decide to sell, our specialist team will handle all paperwork and legal fees, paying off the remainder of their mortgage and secured debts before passing any left over profits back to the client. It couldn’t be easier to sell a house in Yorkshire.”
For more information about fast house sales in Yorkshire, visit Sellyouryorkshirehome.co.uk, e-mail help@sellyouryorkshirehome.co.uk or call 0800 085 0196.
About Sell Your Yorkshire Home:
Sell Your Yorkshire Home is one of the most well-renowned and trusted names in the housing industry. Established in 2006, they are committed to helping people in need in Yorkshire get back on their feet and keeping them away from the dangers of debt, CCJs and repossession. Sell Your Yorkshire Home’s team of experts are happy to offer impartial advice, no obligation quotes and to facilitate property sales in a matter of days.
Contact:
Claire Topham
Tel: 0800 085 0196
E-mail: ctopham@atlas-display.co.uk