Released on = May 4, 2007, 4:11 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = The prospect of an interest rate hike in May means Britons
are rushing to take advantage of a lower rate while they can, according to a market
analyst, says National Homebuyers.

Press Release Body =

However, many will already be too late as \'best offers\' from Halifax, Nationwide and
Alliance & Leicester have already been withdrawn in anticipation of a further 0.25
per cent rise in interest rates being announced by the Bank of England\'s monetary
policy committee (MPC) next month.

It is thought that an increase in the interest rate to 5.5 per cent will lead to
buyers experiencing difficulties with their mortgage repayments - especially as many
are already struggling with the rate at 5.25 per cent.

\"Borrowers have been rushing to beat higher interest rates,\" said property website
propertyfinder.com\'s Nicholas Leeming in the Daily Express.

\"The indecent haste with which many lenders withdrew their cheapest fixed-rate
mortgages last week on the back of the inflation figures shows that borrowers who
rush to get in first will have done well.

\"With higher rates just around the corner, we can expect the rush to slow and the
market to cool.\"

National Homebuyers is the UK\'s leading fast purchase property company, and its
director Julian King comments: \"We are already being contacted by those who are
struggling with their mortgage and have found it is too late to \'fix in\' their
mortgage.

\"We predict thousands more of these people will ultimately face financial hardship
or the prospect of repossession.

\"National Homebuyers offers a \'sell and rent back\' solution that allows people to
release equity in their property, while remaining in their home as a tenant.\"

Web Site = http://www.nationalhomebuyers.co.uk/newsarticle.asp?ID

Contact Details = Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
08709798118