Released on = May 15, 2007, 5:06 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = Homeowners on a variable rate mortgage will be most affected
by the Bank of England\'s monetary policy committee\'s (MPC\'s) decision to raise
interest rates by 0.25 per cent, it has been claimed.

Press Release Body = According to Lloyds TSB and UK property buyer National
Homebuyers, those with large amounts of consumer debt will also be adversely
impacted on as repayments on interest will be increased.

Trevor Williams, chief economist for Lloyds TSB corporate market says \"The interest
rate change will [affect] those with mortgages or those with large outstanding
consumer debt, which is linked to base rates.

\"But for those people with variable mortgage rates it means that immediate impact
will come through as a result of the quarter point increase.\"

Mr Williams believes the housing market will play a crucial role in slowing the
economy down and relieving the inflationary pressure which has forced the MPC a
fourth rate hike in less than a year, as following increased mortgage repayments
people will have less income at their disposal.

The UK\'s leading quick sale property organisation National Homebuyers has already
expressed their concern that this could lead to a rise in the number of
repossessions.

Julian King, Director of National Homebuyers says: \"Increasing interest rates and
poeple forced into a position of borrowing up to eight times their wage in order to
purchase a property has led to many experiencing financial difficulties.

\"Irresponsible lending is not regulated and as such, National Homebuyers is finding
huge volumes of people experiencing the strain of their original variable rate
mortgage arrangement. Homeowners who need to sell their home or find a way of
releasing the equity in their property without moving should realise that we offer a
quick and hassle free process that can solve many peoples\' problems\".

For further information on a quick house sale or to release equity in your home,
please contact National Homebuyers on 0870 979 8118 or visit
www.nationalhomebuyers.co.uk/sellandrentback.html.


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

Contact Details = Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
0870 979 8118
Fax: 01444 257333
info@nationalhomebuyers.co.uk