Sell House; Rent Back as Unemployment Rises |
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The prediction that there could be increased job losses as unemployment figures have risen by their largest increase since April 2006 means more homeowners might be pushed into a sell house, rent back scheme.
The news is full of stories about how the cost of living is rising - petrol, gas, food, utilities, council tax - it seems there isn't a stone left unturned that doesn't come with an extra price tag. The rise in household outgoings is very real. A percentage of the population is increasingly vulnerable: those homeowners who have no equity in their property, or who are in debt and who would be in deep difficulty if they were made unemployed are at risk. For those who want to hold onto the emotional stability of the family home, but can't afford the financial demands, a sell house rent back scheme could help. Sell House Rent Back - Are you at Risk? Unemployment figures have risen for the third consecutive month, raising concerns that the economic slowdown is impacting on the labour market. As well as jobs losses set to rise in financial institutions in the City, it's been reported that thousands of manufacturing jobs are to be cut as the industrial sector becomes the next victim of the credit crunch. Already, the retail industry has reported losses as stores have closed, and the estate agent industry are reporting branch closures at record rates. Those homeowners unable to meet mortgage repayments because of redundancy may turn to a sell house, rent back scheme. Boom in Sell House Fast Schemes It's been estimated up to 18,000 manufacturing jobs will be lost - chilling news to those who fear their job is on the line. The news taps into general feelings of gloom over the future of the economy. It's thought the sell house rent back market could boom as suspicion grows that the economic slowdown is now catching up with employers. According to the Office for National Statistics the rise in the number of unemployed is 14,000 in the first quarter of 2008, bringing the total figure to 1.61 million. Redundancy and the Repossession Risks The risk of redundancy brings with it the risk of repossession. Even those with insurance against redundancy could soon find themselves in unmanageable debt as jobseekers' allowance is often insufficient for homeowners used to a certain lifestyle with expensive bills or direct debits. Sadly, a sell house rent back scheme may be the best way out to deal with those short-term financial difficulties. Sell Property, Rent Back With PBC Property Solutions PBC Property Solutions are specialist property professionals and offer fast, effective and friendly solutions. PBC Property Solutions will help you sell your house quickly without the pressure and uncertainty of a sale on the open market. Whether you want to sell your home to prevent repossession, to release equity from your home, or to sell and rent back your home, PBC Property Solutions will find the right outcome for you. Offers can be made within as little as 24 hours and all legal fees will be paid. So, for a quick and friendly response, look no further than PBC Property Solutions. To find out more on how to stop repossessions, just fill in our online enquiry form. |