Having a stable family home is necessary for children to flourish. But it’s hard to have a stable home if you’re plagued by debts. Debt can quickly lead to mortgage arrears and before you know it, it can feel impossible to stop house repossession. There are solutions, such as selling your home fast through a specialist property company and then having the option to rent it back. This allows you to solve your debt problems and stay in your home. But according to recent research, more families will be worrying whether they can stop house repossession.
Figures show that there has been a rise in children living in poverty – its thought that there has been an increase of 200,000 children thought to be in ‘relative’ poverty - homes on less than 60% the average income. Charities have called the situation a moral disgrace and it’s a far cry from the government’s pledge to halve child poverty by 2010. Part of the problem is housing. It’s increasingly expensive to buy your own home and run a home. More people are struggling to stop house repossession as debts mount.
The fact that poverty is increasing is particularly galling considering the extreme wealth in evidence in some sections of society. Taking into account housing costs, the number of children living in relative poverty is thought to be around 3.6m. The figures show that inequality is on the increase and the incomes of the country’s poorest are in decline. The fact that more people are worrying about how to stop house repossession is indicative of these figures.
If families are unable to stop house repossession the future is even bleaker – broken communities, poor skills and education and family breakdown are all factors of poverty. The government said the increase in poverty figures has also been put down to a rise in the number of self-employed people falling below the poverty line. Although a £150m child poverty strategy has been launched by the government, for many battling to stop house repossession, this is too little too late.
There are many reasons why you might be facing repossession. There are rescue packages available from specialist property companies that can help you stop house repossession in its tracks.
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
