Real Estate - Real Estate Investment

Citizens
Advice is calling for the national provision of generic financial
advice (GFA) to help those in financial difficulties. As a matter of
fact the
organization has carried out a pilot scheme, which saw it work
alongside independent financial advisors. And according to Citizens
Advice, the scheme was a success, with over 400 people with financial
difficulties using the service within the first few months.

The
most common enquiries were from people struggling to keep up with
their mortgage payments and those looking to release the equity
locked up in their property.

The
results so far of partnering Citizens Advice Bureaux with independent
financial advisers in the Money plan project indicate both that there
is a need for a national generic financial advice service, and that
this is an effective model for delivering it.

The
range of issues presented to the IFAs is broad, but it appears that
there is particular demand from those who may own their own house,
but have low incomes. This evidence emphasizes that there is a gap in
provision which needs to be addressed. Homeowners with impending
financial difficulties should consider a Sell and Rent Back House
Scheme. With Sell
and Rent Back House the homeowner is able to sell their property
quickly, often avoiding bailiffs or repossession, but remain staying
in their property. Sell and Rent Back is a quick and simply equity
release solution that will solve many thousands of homeowners’
financial problems in 2008.