The Continued Rise In The Cost Of Living Push More Homeowners Into A Quick House Sale
Is the continued rise in the cost of living pushing more homeowners into a fast house sale? As inflation and interest rates rise, the cost of living combined with high mortgage repayments is pushing some home/property owners into debt. For some struggling with mortgage arrears, the solution is a quick house sale. So far the Bank of England has increased interest rates five times, and some economists predict rates will continue to increase on the following year. Interest rates have a direct affect on many mortgage repayments. As a result, more people are at risk of falling into mortgage arrears and having to opt for a quick house sale.