Many face repossession battle says National Homebuyers

As many as 60,000 families face a battle to avoid repossession in 2008.

[UKPRwire, Wed Apr 23 2008] That is according to the Liberal Democrat party, which was commenting on official disposable income figures.

The party claims that tens of thousands of families will struggle to avoid repossession as the global credit crunch rolls on.

Liberal Democrat shadow communities and local government secretary, Julia Goldsworthy, said that the government has done little to help.

"As living costs rise, and the credit crunch starts to bite, families are forced to cut back on essentials in order to keep a roof over their heads," she commented.

"But ministers are not prepared to deal with the housing crash as the safety nets have been withdrawn. There are almost a million fewer social homes to rent than during the last recession while the number of families waiting for housing has skyrocketed.

"This government has buried its head in the sand, and it is overstretched families who are paying the price," added Ms Goldsworthy.

Quick property sale expert Julian King says, "As thousands face having their property repossessed, it is essential to advise consumers that options exist to help them out of their situation.

"National Homebuyers offer a Sell and Rent Back solution that allows the troubled homeowner to release money tied-up in the bricks and mortar in their properties so that they can resolve any financial problems without having to move house".

Mr King is a director of National Homebuyers the UK's leading fast property buyer and is also a founder member of APBA, the Approved Property Buyer's Association which is calling for regulation in the Sell and Rent Back industry to protect the consumer from less scrupulous operators.

Bookmark this release: Del.icio.us - Digg - Furl - Blinklist - Reddit