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At the beginning of 2008, inflationary pressures in the UK rose to near a 17-year high and the housing market cooled accordingly. Between December 2007 and January 2008, the Council of Mortgage Lenders said that the number of loans for purchases taken out by
property buyers in the UK fell by 19%. In January 2007, the figures were 75,800 compared to the 50,300 loans taken out by UK property buyers. In effect,
UK house sales have already dropped by a third.
All this is bad news for anyone putting their house up for a quick sell and especially bad for those trying to sell their home as a result of mortgage arrears or CCJ’s. The average time taken for house sales in the UK in 2007 was around 6 months. Given the current climate, those trying to sell their house quickly can expect this to take a while longer. If you’re also trying to meet accumulating monthly mortgage repayments, this can also lead to your homing becoming one of the thousands of
repossessed properties in Britain, this year.
But, help is at hand. Last Seconds are UK property buyers, who can complete the deal in as little as 7 days, if time is of the essence. We can even offer you the chance to
sell your house and rent it back as a tenant.
To see how we can help you, contact Last Seconds today, we are one of the leading property buyers in the UK.
Property Buyers UK
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