Released on: September 20, 2007, 6:44 am

Press Release Author: Charlotte Burrows

Industry: Real Estate

Press Release Summary: Many of the UK\'s over 55s find themselves in financial
difficulty.

Press Release Body: That is according to new research by Scottish Widows, which
reveals that over 1.5 million people of this age believe that they cannot retire on
a state pension.

It does not bode well for the housing market and may lead to an increase in home
repossessions as people begin to default on their mortgage payments.

Struggling financially | Sell your home fast

A total of 26 per cent of respondents said that the only investment they have is
their house but, with a number of house price indices recently showing that prices
fell in August, this may not be a safe investment.

Rightmove recently reported a month-on-month drop of 2.6 per cent in house prices in
August and this will make uncomfortable reading for any homeowners who want to make
a quick property sale in order to free up some cash.

In addition, anyone aged over 55 may be considering relocating to a smaller property
to get some more money or due to a bereavement but may find that their home is not
worth as much as it once was.

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

Contact Details: Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
0870 979 8118
Fax: 01444 257333
info@nationalhomebuyers.co.u