Released on = May 21, 2007, 12:46 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = The prospect of a further rise in interest rates will send
\"shudders up the spine of Middle England\", it has been claimed.

Press Release Body = According to Karen Darby, chief executive of price comparison
website Simplyswitch, homeowners will be in despair upon hearing the news that a
rate rise later this summer is forecast.

A number of analysts have already suggested that a further rate rise will lead to a
number of repossessions, and Ms Darby seems to support this view.

\"The prospect of yet another rise will send shudders up the spine of Middle
Britain,\" she told the Express.

\"Home owners will be left wondering when it will end.\"

Rises in interest rates not only affect mortgages, but also debt servicing payments
and credit card bills.

Homeowners struggling with affordability issues in the current economic climate
would do well to sell their properties to National Homebuyers and then rent them
back to free up much-needed capital. Company Director Chris Newman says: \"We have
been heralding the certainty of increased financial stress among homeowners for many
months now.

\"The effect of interest rate rises so far will be seen for many months to come, as
people find alternative ways to fund their lifestyle. Further interest rate rises
will not only prolong the effect but add it. Homeowners, even those who are
moderately comfortable right now, will find themselves in severe stress as the
interest rate rises continue - as we predict - above seven per cent within
12-months.\"

National Homebuyers is the UK\'s leading fast purchase property company, handling
enquiries from thousands of UK homeowners each week who need to sell their property
quickly. Operations Manager David Harber says: \"The number of people contacting us
because they need a financial solution or need to \'downsize\' now accounts for over
60 per cent of our business - a 125 per cent increase over the last two years.\"

Further information is available at www.nationalhomebuyers.co.uk/index.asp or by
calling 0870 979 8118.

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