Released on = June 22, 2007, 2:43 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = Britons are being stretched to their financial limits by a
series of \'unexpected\' bills, it has been revealed.


Press Release Body = According to a survey conducted by Abbey Savings, four in five
people in England, Scotland and Wales are being confronted with bills they have not
budgeted for every year, at an average cost of £1,375 each.

Home repairs makes up the biggest single outlay - blowing a £19.2 billion collective
hole in Britons\' pockets.

\"You never know what life is going to throw at you,\" commented Reza Attar-Zadeh,
head of savings at Abbey.

\"However, you can prepare for the unexpected through building up a \'buffer savings
fund\' to help deal with these shock events. Most experts recommend that you build up
a fund of at least three months salary in an instant access cash account.\"

However, those without a \'buffer savings fund\' could instead consider selling their
homes to National Homebuyers and then subsequently renting them back as a way as
financing unexpected costs - especially as Abbey found that 50 per cent of Britons
are so strapped for cash that they are forced to finance such outlays using credit
cards or overdraft facilities.

National Homebuyers director Julian King says: \"When it comes to needing quick
access to cash, because you have exhausted all other routes, selling on the open
market does not necessarily provide the quick sale you may require.

\"National Homebuyers purchases many properties every week from vendors in this
situation and we expect this number to increase.\"

Web Site = http://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