http://www.moneyhighstreet.com/feature/mortgage-lending-7-rise/ The latest personal finance news and information Wed, 08 Feb 2012 09:57:46 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.moneyhighstreet.com/feature/mortgage-lending-7-rise/#comment-314 Eli Robinson Fri, 21 Nov 2008 11:47:32 +0000 http://www.moneyhighstreet.com/?p=764#comment-314 I run a cash home buyer company and the majority of home owners that contact us because they need to sell quick are stuck on expensive fixed rate mortgages of 6% and above. We have also found that most lenders we speak to are unwilling to provide help to struggling homeowners and often start proceedings after just 1 missed payment. On the ground we believe that prices are back to 2004 levels and any desperate seller who has bought since that date should aim merely to clear their mortgage and not expect to make any profit now or in the next 2 years. I run a cash home buyer company and the majority of home owners that contact us because they need to sell quick are stuck on expensive fixed rate mortgages of 6% and above. We have also found that most lenders we speak to are unwilling to provide help to struggling homeowners and often start proceedings after just 1 missed payment. On the ground we believe that prices are back to 2004 levels and any desperate seller who has bought since that date should aim merely to clear their mortgage and not expect to make any profit now or in the next 2 years.

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