Families hit by above-average inflation - National Homebuyers

Released on = May 18, 2007, 1:06 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = The latest inflationary figures are misleading, it has been
claimed.

Press Release Body = A report by Capital Economics for the Daily Telegraph has
revealed the official consumer price index inflationary figure of 2.8 per cent is
not reflective of the inflation encountered by many individual groups of Britons,
including pensioners and hard-up families.

The survey found that despite falling energy bills, pensioners are actually
subjected to an inflation rate of 7.7 per cent.

Meanwhile, the middle classes were badly affected by the rising cost of university
tuition fees, and their own inflationary figure hit 7.4 per cent as a result.

\"Those people heavily exposed to energy or food prices, or those with children at
private school or in the first year of university, are still seeing much higher
rates of inflation than the published national average figure of 2.8 per cent,\"
remarked Jonathan Loynes, chief European economist at Capital Economics in the
Telegraph.

Britons in financial difficulty as a consequence of mounting mortgage costs and
household bills could consider selling their homes to National Homebuyers and
subsequently renting them back. Director Chris Newman says: \"Our sell and rent back
solution is finding a natural home with those who are - or are predicting - the
inability to sustain their lifestyle because of the rate of inflation.

\"The recent increase in monthly mortgage payments for many homeowners is forcing
them to find alternative funding arrangements, like those offered by National
Homebuyers.\"

National Homebuyers\' sell and rent back option is marketed as a \'real alternative\'
to equity release, allowing people to release capital tied-up in their property,
without the need for moving homes or being tied into a scheme or \'plan\'. Further
information about sell and rent back can be found at
www.nationalhomebuyers.co.uk/sellandrentback.html or by calling 0870 979 8118.


Web Site = http://www.nationalhomebuyers.co.uk

Contact Details = Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
0870 979 8118
Fax: 0144 257333
info@nationalhomebuyers.co.uk

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