Credit Crunch stifles first time buyers
The Property Step | Category: featured articles, housing market
It is now clear that the fallout of the credit crunch is spreading from housing to the rest of the economy. The Property Step has found an increasing number of sellers are unable to move onto the next step as no-one will buy their home.
If that was not enough doom and gloom, one of the UK largest retailers Marks & Spencer seems to confirm our fears. Chief executive Sir Stuart Rose says there is no end in sight to the slump in spending. ‘Consumers are feeling the pinch’.
If your wanting to move due to financial commitments, a growing family, emigrating, divorce, increasing debt, buy-to-let gone wrong, repossession etc then the credit crunch is effecting you.
Report after report, states that we are in for a hard ride and those who stretched themselves during the so called boom will have to seek out alternatives to manage their homes.
More and more over stretched homeowners are being repossessed according to figures from The Land Registry. These are uncomfortable moments for those with high mortgage payments, large monthly credit card bills and a family to support. Is this the game of chance you want to take? Is this a game at all?
If this sounds familiar then your not alone, ask the average man or woman in the street are they feeling the pinch and chances are they’ll respond with a positive yes!
The Property Step provides property solutions to array of homeowners in various circumstances. Our method is simple we buy property for cash, then you can move onto the next step.
Without first time buyers everyone suffers, as they are the beginnings of a property chain. The Property Step has been able to help numerous homeowners by making a cash offer for their home. Every home-owners’ circumstances are different however the need to sell remains the same.
If 2008/2009 predictions are correct then selling your property for a cash price offer may be wisest move you’ll make. Bite back and kick the credit crunch into touch with The Property Step , buyers of property for cash.
