Released on: September 7, 2007, 8:16 am

Press Release Author: National Homebuyers

Industry: Real Estate

Press Release Summary: Concerns are growing that the UK mortgage market is set for a
big tumble.

Press Release Body: With the US sub-prime mortgage market currently in crisis, many
analysts are predicting that we will see at least some kind of effect in this
country.

Danny Gabay, a former member of the Bank of England\'s Monetary Policy Committee
(MPC), believes the UK mortgage market may be overstretched.

Speaking on BBC Radio Four\'s The World Tonight programme, Mr Gabay said that things
are looking precarious.

\"The UK has a very overextended household sector - that everyone was aware of,\" he
said.

\"The UK household sector owes about 155 per cent of its entire income. We owe one
and a half times what we have and anybody who is overextended is vulnerable.\"

His comments follow recent figures from the Council of Mortgage which showed that
repossessions have increased by 30 per cent between the first half of 2006 and the
first six months of 2007.

Julian King of National Homebuyers advises people facing repossession to consider
all alternatives: \"Some feel that they are pressured into a repossession, as lenders
will not allow borrowing.

\"We have saved thousands from having their property repossessed with our simple Sell
and Rent Back solution. Providing the homeowner has some equity in their property,
we are able to purchase it for cash - within days and then rent their property back.

\"This prevents repossession, allows the homeowner to pay off debts and remain living
in their home.\"

National Homebuyers are the UK\'s largest fast property purchase firm and the
industry leaders in \"Sell and Rent Back\" or \"Sell and Stay\" arrangements.

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