Released on = May 15, 2007, 5:02 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = The recent rise in interest rates to 5.5 per cent will
stretch many families\' budgets \"to the limit\", according to Vince Cable, the Liberal
Democrat shadow chancellor.

Press Release Body = Mr Cable warned that those whose fixed rate mortgage deals were
expiring after four years would be particularly hard hit, and as a result there is
likely to be a \"further rise in repossessions and bankruptcies\".

He also speculated that the government\'s failure to encourage Britons to seek
independent financial advice when faced with financial difficulty was compounding
the problem.

\"For those coming off fixed rate mortgages that were fixed a couple of years ago,
the impact of the last four interest rate rises will be especially hard to take,\" Mr
Cable confirmed.

Julian King from National Homebuyers, the UK\'s leading fast home buying company says
\"The government\'s failure to promote independent debt advice is leading to many
homeowners finding themselves in financial difficulty\".

Like, Mr Cable, Mr King asserts \"Seemingly, the government has washed its hands of
the whole problem of debt. Savings and investments are well regulated while ignoring
the fact of irresponsible lending has been ignored.\"

National Homebuyers offers solutions to purchase properties quickly or, like Equity
Release, they purchase properties quickly for those in immediate financial crisis
and rent-back to allow homeowners to release capital in their property and pay off
debts, while remaining to live in their home.

\"National Homebuyers alleviates the stress experienced by people facing financial
constraints by ensuring a quick sale of their home but also providing the
opportunity to allow people to then rent their home back in one easy transaction\".

Information about the National Homebuyers Sell and Rent Back option can be found
online by clicking www.nationalhomebuyers.co.uk/sellandrentback.html.

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.


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