It is very difficult to escape at the moment, with inflation rising and the hosing marking slowing down the latest piece of bad news is that the UK home repossessions have risen by 48% from last year.



Reading this article from the BBC, the total number of houses being repossessed was at just under 19,000 and being the cause of the current 'economic slowdown' with people struggling to repay their mortgages. The recent credit crunch has affected everyone and the place you feel the tightest squeeze is always your mortgage repayments. Yet again it is the sub prime borrowers that have been hit hardest and face the possibility of having their homes repossessed. Whilst we are told that the current economic conditions are nowhere near that of the early 1990's recession, there still seems to be nothing done to help the people in need most.



British Gas added to problems recently with a hike in fuel prices, which makes things just that little bit harder for people to get by on these soaring living costs and mortgage repayments. Comments made by charity Citizens Advice and the Financial Services Authority make it clear that repossession should be the last resort for lenders and that they should provide people with guidance and a repayment plan rather than take the aggressive move of legal action. This should always be a last resort rather than the first one.



By avoiding repossession you will help to maintain your credit rating, and this is a key factor in getting back control of your finances. Acting quickly can prevent the situation running out of control. Taking action as soon as you feel the pressure will help to stabilise your situation and there are many ways of finding information and advice on taking the best action to avoid repossession. One such way is taking up equity release from your property. This can help you stabilise your finances and give you room to plan your next move. If you sell your house quickly this doesn't mean upheaval of an immediate house move and there are always people available to help you avoid repossession.



Equity Fast specialise in quick house sales to help avoid repossession.

Sell your house quickly

There are benefits to a quick property sale beyond simply helping with money problems! In the current harsh times of the credit crunch, its not just people planning their retirement that can benefit from property equity release.

There are so many different state of affairs that people could benefit from releasing equity in their home. Personal circumstances such as a derelict property that has been on the market for some time, a quick sale to avoid repossession may help your credit rating and get you back in control of your finances. Other situations might include selling your house in divorce or separation.

Whatever the reason we have a solution to suit you. We are sensitive to your circumstances and we work within your timescale and propose an offer to meet your needs.

Sell your house quickly to us - it doesn't mean the upheaval of an immediate house move. For example, you can stay in your home, rent free, for up to twelve months after the sale. This can give you the time to stabilise your financial situation before deciding your next step.

Rent or buy back

After, or even the twelve month rent free you still have options:

• You can remain in your home and pay rent as a normal tenant
• You can buy the property back from us
• We will offer you a cheaper property in the same location, where available
• We will even try to find you a mortgage, subject to status

Why not contact Equity Fast to see how we can help you today.