Finally Banks & Governments Work Together for Home Owners in Leeds and Wakefield

National Association of Estate Agents - 3Dec08

Following Gordon Brown’s announcement that the Government will allow homeowners facing repossession to defer their mortgage interest repayments, Peter Bolton King, Chief Executive of NAEA, said:

“The Prime Minister’s decision to underwrite mortgage repayments for the thousands of homeowners currently facing repossession is extremely welcome at what is a difficult time for many. The fact that the eight major lenders are on board is an essential move in making this scheme viable. Finally the banks and government are working together to offer real assistance to the homeowner.

“However, there is clearly more to be done and the NAEA looks forward to hearing the measures the Government has in store for first time buyers. New lending will be vital in kick starting the housing market once again.”

" Anything that can help to stop people having to have their houses repossessed in Leeds and Wakefield must be good news. Lets hope this measure gives some breathing space to house sellers to either find new employment or to sell their property in the normal way" Says david Pank , Sales and Marketing Director with m

Manning Stainton, Estate Agents in Leeds and Wakefield

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About the NAEA

The National Association of Estate Agents (NAEA), the residential sales arm of the National Federation of Property Professionals (NFOPP), is the UK’s leading professional body for estate agency personnel, representing the interests of around 10,000 members who practice across all aspects of property services both in the UK and overseas. These include residential and commercial sales and lettings, property management, business transfer, auctioneering and land.

The National Association of Estate Agents is dedicated to the goal of professionalism within all aspects of property, estate agency and land. Its aim is to reassure the general public that by appointing an NAEA member to represent them they will receive in return the highest level of integrity and service in both sales and lettings, for all property matters. Each NAEA member is bound by a vigorously enforced Code of Practice and adheres to professional Rules of Conduct. Failure to do so can result in heavy financial penalties and possible expulsion from the Association.