If you’re looking for a fast cash sale or want to sell and rent back your home, Full House Developments Ltd is a specialist property company that really understands your needs. If you are worried about repossession, divorce, debt or mortgage arrears, Full House Developments consider all properties in every circumstance. For a quick, effective solution call our team of experts on 0800 234 6586. With total confidentiality, Full House Developments offer a guaranteed price for your home and handle all the paperwork for you. To find out more, email:info@fullhouseuk.com
One of the major reasons why homeowners opt for a fast house sale and use a specialist property company rather then the slower traditional route of an estate agent is debt. If you can no longer afford to meet your mortgage repayments, the next step is the nightmare of repossession or an eviction order. A fast house sale sidesteps all that and gives you a lump sum of cash to pay off your debts. And in London, women may be more likely to fall into debt then men - but why?
A report by Women in London’s Economy revealed that the pay gap between women and men in London was much wider in the capital then the rest of the country. The fact that there is still major inequality in pay based on gender is shocking. In the UK the gap is 17% but in London it rises to 23%. For single women on the property ladder, life in London is a lot harder financially and it’s no wonder that debt can become a major issue leading some to opt for a fast house sale.
The reason the pay gap is much wider in London has been put down to the fact that the majority of top paid jobs go to men. Although there are strict guidelines to tackle inequality in the workplace in the public sector, more action is necessary from the private sector. London property prices remain inflated because of the extreme high salaries for the select few and because of the shortage of properties available. Women who suffer from such a wide pay gap inevitably find it harder to maintain mortgages independently and may have to opt for a fast house sale.
The report states that women at the lower end of the pay scale are particularly badly hit, making it even more difficult to meet the increasing cost of living. Many homeowners already living on the financial edge are being pushed over the line by rises in interest rates. For them, there’s little option but to cash in on a fast house sale to return to financial health. The picture is even bleaker for women with children who are said to have a £20 a week lower income then the rest of the UK. This means women in jobs at the lower end of the pay scale may have to choose a fast house sale and move away from the higher cost of London living. This would be disastrous for the capital that depends on key workers such as teachers, nurses, cleaners and train drivers.
Women’s contribution to the UK capital is considered crucial – but this report shows that the glass ceiling is more than a myth. As a result, a fast house sale and a move to a cheaper part of the UK might seem more appealing for many.
