Released on = May 17, 2007, 3:52 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = Concern has been raised regarding the plight of the
thousands of borrowers with fixed rate mortgages whose deals are coming to an end.

Press Release Body = Those who have been on a fixed rate deal for two to three years
will be exposed to a significantly higher rate of interest, which many may struggle
to cope with.

The Bank of England\'s monetary policy committee (MPC) has voted to increase interest
rates four times in recent months - with 0.25 per cent hikes effectuated in each of
August, November, January and, most recently, in May.

What\'s more, further rises are on the cards.

\"The payment shock for many borrowers will be substantial when their deals to come
an end and it\'s important that they do all they can to minimise it,\" commented James
Cotton, mortgage specialist at L&C.

\"The advice is simple: see what new deal your lender is willing to offer and shop
around elsewhere.

\"Most importantly, plan ahead and don't leave it until you're already paying
standard variable rate.\"

Homeowners who do end up struggling financially could consider selling their homes
to National Homebuyers and then renting them back. Director Chris Newman claims that
people are finding alternatives to loans to subsidise their lifestyle.

\"Those who fail to identify, understand or accept that there will be increasing rate
rises over the next 12-months are putting themselves into their own disaster zone,\"
he said.

\"Not everyone has the luxury of changing mortgage plans and avoiding redemption
penalties, which is why so many people are contacting National Homebuyers about our
sell and rent back solution.

\"We are prepared to arrange a bespoke solution for the homeowner which allows them
to release the equity in their house, but not have to move home.\"

National Homebuyers are able to arrange a rent-free agreement or a purchase plan
that allows the vendor to receive the full market rate for their property. They can
be contacted on 0870 979 8118 or by clicking www.nationalhomebuyers.co.uk/index.asp.


Web Site = http://www.nationalhomebuyers.co.uk

Contact Details = Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
08709798118
Fax: 01444 257333
info@nationalhomebuyers.co.uk