Sell Property; Rent Back - 2008 Property Prices |
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More homeowners could be searching out a sell property, rent back scheme in light of recent forecasts for 2008.
The proliferation of sell property rent back schemes could be construed as evidence that the housing market is growing increasingly wobbly. Articles in the press are tapping into homeowners' anxieties and fears with headlines such as: ‘House prices in 2008 - up or down?' The forecast is at best predicting a stagnation of prices, at worst, a sudden downturn that could push some homeowners into negative equity. And for those homeowners who are struggling to meet their financial commitments, a sell property rent back scheme could give them the financial leeway they need to help get through the economic uncertainty. Sell property: Rent Back So will property prices get worse? According to a recent BBC report, the short answer is ‘yes'. Property prices have fallen consistently over recent months. And as the cost of living increases relentlessly, a sell property rent back scheme offers a rescue package for some. Some experts believe the fall in prices is a much needed readjustment for a housing market that has become massively inflated. But that's not a comfort to those homeowners who hoped their properties would be a sure investment or financial nest egg. Many homeowners over-borrowed in the belief their homes would pay off, and some put off other investments such as savings or pensions - as a result they have nothing to fall back on: a sell property rent back scheme could be the quickest way out of a difficult financial fix. Gloomy predictions for 2008 and beyond Leading property consultants and economists have all put forward forecasts for 2008. Capital Economics long predicted the housing boom was long overdue a downturn. Now, a struggling economy, increasingly expensive and stricter lending means Capital Economics have cut their forecasts even further; they now expect prices to fall by 5% this year, before falling a further 8% in 2009. For new homeowners, this prediction wipes out any gains and could land some in negative equity; a sell property rent back scheme could be the only viable alternative to repossession. A spokesman from Capital Economics told the BBC: "The long overdue housing market correction now appears to be underway." Homeowners seek sell property, rent back solutions If you're concerned you can't keep up with mortgage repayments due to rising interest rates and an increase in the cost of living, or are concerned your property might be costing you more than its worth, a sell property, rent back scheme could be the answer. 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. |