Millions of households struggling with their finances
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According to a survey carried out by Legal & General, millions of households in the UK are struggling to get by. The rising cost of living over the past 12 months has left some 12 million of the UK’s 21 million households with no money left over after paying their bills.
The number who spend all their hard earned income on bills and debt payments has increased from 10.7 million just nine months ago.
This means that many families cannot afford to put by any money for savings and are treading a fine line between paying their bills and falling into debt.
The consumer price index, which is the measure of inflation, has reached 4.5 per cent in recent months, after being driven up by the ever increasing cost of food, drink and fuel. This is more than double the Bank’s target of 2 per cent.
High inflation, increasing food costs and higher fuel prices are all taking their toll on the public in the UK, with over a million more people struggling to make ends meet compared to nine months earlier and consumer spending has fallen as families income fails to keep up with these rising costs.
With the fall in the number of houses being bought and sold, it is also a difficult time if you are trying to sell your home in order to release some capital, perhaps you may be downsizing or moving to a cheaper area, or you may even be facing repossession or need to relocate due to a new job.
Regardless of why you need to sell your home, Quick Purchase can offer a quick property sale. Quick Purchase is a cash funded company, which means that even with the current lending restrictions with banks and building societies, we can still buy property fast.
The Quick Purchase property sale service is free of charge, aside from a small contribution towards a valuation fee, which is refunded upon successful completion of the sale. If you would like further information about our quick property sale service, please contact us for further information.
