Home Repossession Won't Increase With Interest Rates -
UK Wide Debt Advice Charity
Call us at 0800 085 0226
E-mail: contact@debtsupporttrust.org.uk

Repossession Wont Increase With Interest Rates

Home Repossession Won't Increase With Interest Rates

If interest rates were to rise then the number of home repossessions would not increase as well according to a Bank Of England official.

Many analysts including Richard Banks, the chief executive of UKAR had stated their believe that interest rates rising could cause a "tsunami" of house repossessions.

"You can see if you don't do something about it, you can see a tsunami," he said. "If you don't get into the hills you could get drowned by this. If you don't manage this properly it could get very messy."

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Post a comment