FINWIRE®

Nationwide Property Network Provide Solution To Mortgage Defaulters

February 7th, 2008

The news comes at a time where the UK’s leading quick property sale company, Nationwide Property Network found that almost half a million homeowners missed a payment in the last six months, leaving many fighting to avoid repossession after missing mortgage payments.

This represents around four per cent of all outstanding mortgages in the UK and means that hundreds of thousands of people are in a battle to avoid repossession.

Fortunately Nationwide Property Network’s expertise is providing a lifeline to homeowners before they risk losing their home, allowing owners to sell the property then renting it back, avoiding the distress of having to leave the family home, and removing the heartache of having to relocate.

A Nationwide Property Network spokesman says: "Missing a mortgage payment doesn’t incur an automatic charge like failing to pay your credit card bill.

But it is a sign of real distress as keeping a roof over your head should be the priority for most of us, if you are struggling to afford the repayments then now is not the time to stick your head in the sand.

It’s clear that many homeowners are feeling the strain of successive interest rate hikes but if the result is that you can’t pay your mortgage then you should take action immediately.”

Nationwide Property Network has been leading the property sale and rent-back industry, providing a simple solution to what can often be a difficult problem.

Guaranteeing to make a fair offer for your property, you can sell your home fast with completion in as little as 28 days and with none of the pitfalls normally associated with property sales.

No broken chains or second thoughts, once Nationwide Property Network makes an offer and the survey is completed, they guarantee not to back out.

After the sale is completed you can even rent back the property on a long term basis.

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