Released on = June 12, 2007, 3:29 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = Growing concerns that inflation has still not been brought
under control mean that the Bank of England may well raise interest rates again in
the near future, it has been advised.


Press Release Body = The Bank held rates at 5.5 per cent yesterday afternoon, but
trends suggest that inflation - currently running 0.8 per cent above chancellor
Gordon Brown\'s target of two per cent - has not yet been fully quelled.

Manufacturing optimism in terms of how far they feel they are able to raise prices
reached a 12-year high last month, Bloomberg has reported, with investor figures
suggesting that rates of at least six per cent would be required to ease
inflationary pressures.

\"The longer the Bank of England takes to get this burst of inflation under control,
the worse the news will get,\' commented former government advisor Tim Congdon,
speaking to the news agency.

Fast purchase property firm National Homebuyers says interest rates are currently at
a six-year high, meaning keeping up with the cost of mortgage repayments is already
a bridge too far for many homeowners.

Director Julian King comments: \"Repossessions are at an all-time high and homeowners
are seeking solutions to the financial problems caused by being overstretched.

\"Our business arranges for the fast purchase of properties to alleviate financial
problems and over the last 12-months we have seen an unprecedented increase in
enquiries from those who are genuinely worried about losing their home.\"

\"Our evidence shows it only takes a very small change in people\'s circumstances to
tip them from manageable credit commitments into serious debt,\" Mr King added.

\"We know that some people are taking on mortgages that stretch them to the absolute
limit.

\"Any increase in mortgage interest rates could spell disaster for people whose
finances are balanced on the very edge of affordability.\"

National Homebuyers is the UK\'s leading fast purchase property firm, solving many
thousands of homeowners problems who need to sell their property quickly.

Advice from National Homebuyers 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