A positive solution to negative equity

Even if you are one of the 1.2 million UK homeowners trapped by negative equity you still have legitimate options open to move house. That’s according to EasyHouseExchange.com, the independent online marketplace that provides a rental house swapping service to enable those with negative equity to stay on the move.

“Today’s figures from the Council of Mortgage Lenders just go to show how many people are unable to move the traditional way,” says Richard O’Driscoll, the man behind EasyHouseExchange.com. “But that does not mean they are unable to move full stop.

“Even in the current climate a lot of people need to move locations quickly, but don’t want to sell and lose out on the value of their property. Rental house swaps allow them to hold on to their homes, move to their desired location – and maybe even make a bit of money at the same time,” says O’Driscoll.

“It’s also the ideal solution for people with negative equity, who cannot afford to clear their outstanding mortgage, but still need to move locations at least until the property market recovers.”

For more information, visit EasyHouseExchange.com.