Sell House Quickly – Failed by the Mortgage Support Scheme

Homeowners who aren’t getting the financial help they need are turning to sell house quickly schemes.

Sell house quickly schemes have helped thousands of families to stop repossession. A quick house sale ensures they can release what equity they have, sell their homes and escape a debilitating mortgage that they simply can’t afford. And it’s clear there are many homes across the UK that are struggling to meet their mortgage repayments and stay afloat. Around 50,000 homes were repossessed in 2009. Despite that, according to the Telegraph newspaper, just 15 families in the UK were helped by the Governments mortgage support scheme – a scheme devised precisely to help families at risk of repossession.

Sell House Quickly Schemes Step In

It doesn’t take a mathematician to see that 15 families saved is a mere drop in the ocean when there were 50,000 repossessions altogether in the UK. And 2010 is thought to bring much of the same – with some believing there will be even more people seeking out a sell house quickly scheme as interest rates rise and property prices remain stagnant. The Government’s Homeowner Mortgage Support Scheme isn’t a long term solution for some households offering those who are facing a loss of income the chance to reduce their monthly mortgage payments for up to two years. For those who are not facing a loss of income but are already struggling, they won’t qualify for help. Sell house quickly schemes offer a way out.

Recession Impacts on Repossession Figures

Conservative politicians have criticised the scheme saying it has clearly failed UK homeowners. Homeowners are always vulnerable to financial difficulties. Previously, this risk came from the usual things life can throw our way: divorce, relationship breakdown, bereavement, poor health or stress. But now even more homeowners are vulnerable to external circumstances impacting on their finances. The recession means job losses and redundancies, and some workers are having their hours cut or bonuses slashed. But the Mortgage Support Scheme simply hasn’t helped the majority of those in need who have had to turn to independent private property rescue companies that offer sell house quickly schemes.

Shadow housing minister Grant Shapps was quoted as saying: “Ministers can try to slip these failures out quietly during the pre-budget report and even try to give them a positive spin, but the reality for thousands of families who face repossession this Christmas is that Brown has talked up schemes which have let down homeowners.”

If you’re worried about debt or the future of your home, a sell home fast scheme could be the solution. Get help and advice from Move Quickly, call today on 01302 722 900.