Houses For Cash UK Blog

Reports are showing how the UK sub-prime crisis could be every bit as bad as the one which hit the US economy recently. With lenders acting fast on mortgage arrears and the property market slowing down in the house sales department the bubble is ripe for bursting according to global economists.
Capital Economics Limited said "With higher interest rates yet to have their full effect, mortgage arrears are likely to rise further, while unsecured bad debt might start to rise again too.''
Approximately 125,000 households are behind on their mortgage re-payments which will no doubt lead to an increasing amount of repossessions in the near future.