In 2008, there are grim predictions for employment and economic growth, and many of us are struggling to afford our mortgages, bills and lifestyles. A ‘rent and sell’ scheme could provide the answer.
The rent and sell schemes that allow homeowners to release the equity in their homes yet still stay put could become increasingly popular in 2008. The TUC head Brendan Barber has said the year will witness a growing resentment in the public sector as the ‘soar-away super rich' get richer, and those on an average salary struggle harder to stay afloat.
Rent and sell could be answer
Although the ideal answer would be better wages for everyone, the reality is a tightening of belts – redundancies and job losses are on the cards as companies struggle with higher energy costs and the impact of the global credit crunch. For those homeowners who don't want to leave their homes but desperately need more cash to pay off debts or meet increasing financial demands, a rent and sell scheme could be a God send.
Rent and sell in unequal economy
Barber at the TUC has called for more help for those workers at the bottom of the economic scale and criticised the tax loopholes that allow the rich to escape fair taxation. But in a society that has seen a leap in the number of millionaires and super rich, it seems the future is bleak for the majority of workers subsisting on average incomes. Soaring house prices has only contributed to the problem, making debt a common problem as more of us struggle to sustain a lifestyle – a rent and sell scheme could throw a lifeline if you want to stay in your home but can't afford to own it.
Rent and sell to stay afloat
The rise in interest for rent and sell schemes to help people get out of financial fixes is indicative of what Barber dubs a ‘distorted economy' where the super rich take advantage of tax loopholes and live extravagant lifestyles. This creates a distortion so that, "public services are not getting the growth they need and that we do not have the resources to end child poverty," according to Barber. But the reality is the government plans to limit public sector pay rises to 2% per year for the next three years – for many who are struggling on the edge of affordability, a rent and sell scheme may be the only way of staying afloat.
Rent and Sell with rentandsellltd.co.uk
If you're caught in a financial house-trap, rentandsellltd.co.uk can throw you a life-line. Rentandsellltd.co.uk offers a sell and rent back scheme for those who like living where they are and want to maintain stability but are facing mortgage arrears, repossession, bankruptcy and debt or concerned financial meltdown is looming. The rent and sale scheme is an alternative to selling up and moving, allowing you to stay put and find financial solutions. Rentandsellltd.co.uk will buy your home and allow you to continue living in it as a tenant. Find out more, call Rent and Sell Ltd. today on: 08000 255 966.