If you don’t have any options for paying off your debt and you are unable to come to an agreement with your lender, you should get help from an experienced debt adviser straight away.  You can get help from your local Citizens Advice Bureau.  One of the options you may want to consider if you’re struggling to pay your mortgage, is a mortgage rescue scheme. These schemes are also known as buy back or sale and rent back schemes.  These schemes offer to buy your property of you and rent it back to you.

This may may be appealing because it will allow you to pay off your debt while still being able to stay in your home.  However, you should be extremely careful about signing up to a mortgage rescue scheme as, in some cases, you might end up paying high rent or even be evicted.  This scheme may be the right option for you, as long as you make sure you check the conditions of the scheme carefully. You need to make sure you understand what you are signing up to, and how this will affect your situation in the long-term.

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Throughout January the UK housing market was frozen, although prices continued to rise, according to surveyors.

Due to the extreme weather conditions, buying and selling fell during the month , the Royal Institution of Chartered Surveyors said.

However the group expects an increase in activity in the coming months.

Many surveys have suggested that the housing market in the United Kingdom has begun to recover over the last six months.  The heavy snowfall we have experienced in the UK has led to many people working from home at the start of January and, unsurprisingly, led to a slowdown in people viewing homes.

The cold snap in January clearly has a huge impact upon both supply and demand in the housing market with activity coming to a halt amid the seasonal chaos,” said Ian Perry, of Rics.

“Activity and interest is likely to pick up in the coming months as the market experiences a Spring bounce.

In the month of January, 32% more surveyors reported a rise than a fall in house prices.  This was up from 30% in December.  This was driven in part by a shortage in supply of better quality homes on the market.

This could have a long-term effect on the housing market in the UK, as greater confidence of price rises could push more people intoselling their homes; possibly to cause prices to fall again.

“House prices are likely to rise in the short term but if more supply continues to come onto the market, it is possible that the market will run out of steam in the latter part of the year,” Mr Perry said.

The picture is different in specific areas of the UK, the Rics survey found. Prices were up in London, the South East of England and the South West of England area.  However, there were reports of price falls in Wales, Yorkshire and Humberside, and the North of England.

The number of surveyors predicting that house prices to rise increased in January from 12% to 24% while the number of surveyors expecting house sales to increase over the next three months rose from 7% to 24%.

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