Sell and rent back
Quick property sale - Banks hands are tied
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Banks restricted on mortgages
All the banks and buildings societies hands are tied when it come to new mortgages, hence why they are being so cautious/fussy on who they lend money to at the moment.
Stop repossession - recession
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Is the worst of the recession over?
There are a variety of articles being released commenting that the worst of the recession could be over, but the latest figures show the number of shops, retail outlets, public houses, etc, etc, closing is increasing, the number of people being made redundant is increasing and also the number of people trying to stop repossession is increasing. So is the worst of the recession actually over?
Economy Downturn in the U.K.
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Economy Downturn
It doesn’t matter what angle you look from, at a distance it all looks the same. The U.K is in a deep recession and it is affecting everybody one way or another, homes are being repossessed and people are looking to sell and rent back companies for help. Steve Martin our property expert will be giving his views on how the recession started and how long it will be before we get back to the good times.
The recession continues
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Recession predicted to continue
The latest figures released today have confirmed that the recession is not over and in fact it is going to continue well into next year.
The economy as we know it is bad compared to what we have been experiencing over the last few years. The bank of England is saying it is going to get worse this year. It has been predicted that the downturn in the economy is going to be far worse than what was predicted at the beginning of the year.
Sell and rent back companies, who are they?
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Sell and rent back companies
Sell and rent back companies are large investment companies who look to purchase properties from the public for a variety of reasons. Majority of them are cash funded, but be aware there are some companies that arrange mortgages to purchase the property, therefore taking them longer to be in a position to purchase your property.
Some examples of why people look to use the sell and rent back service:
Someone who is facing repossession
Mortgage approvals on the downturn
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Mortgage approvals have taken a backward step for the first time in four months.
It was announced today by the British Bankers Association (BBA) that the number of new mortgage approval had fallen which was a massive blow to the talk about the recovery of the housing market.
The BBA also announced that they had expected fluctuations during the recession, but is this a sign of more uncertainty within the U.K. housing market?
