The UK’s property market is still suffering in the wake of
the banking crisis. Many people are unable to access mortgage
funding, meaning they cannot get on to the property ladder.
Meanwhile, a considerable number of individuals are reluctant to
commit to housing purchases because of employment uncertainty.
All this makes for a tough market for consumers who are trying to sell house or flat assets in a hurry. Placing their homes on the open market may not be an option. If people need the money generated from the sales very quickly or they want to complete the sale so they can move away rapidly, they may be left wondering “how will I sell my property on time?”.
Drawing attention to this issue recently, the Independent noted that while there has been a “difficult spring for the property market”, this could soon turn into a “summer of discontent for house sellers”. It cited eurozone problems as one of the factors.
The news source pointed to figures released by the Council of Mortgage Lenders, which showed gross lending fell by 19 per cent in April compared with March and stood at £10.2 million. This was the lowest monthly sum since April 2011.
Responding to this, director of e.surv Richard Sexton said: "The mortgage market has gone into reverse. Borrowers are already bearing the brunt of the political dithering in Europe, and are being hit hard by rate rises and tightening lending criteria as banks scramble to protect their balance sheets.”
It would be easy for consumers keen to sell house or flat assets quickly to despair upon hearing news like this. However, there are options open to such people. For example, they can use the services of specialist property buying firms. Indeed, taking advantage of this approach can enable them to achieve the sales within a matter of days if necessary. Meanwhile, they do not have to wonder “how will I sell my property?”.
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