It isn’t just the property sector that is affected by this recession. Unemployment typically rises, and workers who were expecting promotions or pay increases in the next 6 months may find that this is now put on hold until the economy is in a stronger position. Those graduating university, or leaving school and looking for work, tend to find it harder as the job market shrinks. Pair that with the number of businesses that were forced to shut their doors at the start of the lockdown and did not manage to reopen them this past month, and that this recession is expected to be the worst the world has seen since the Great Depression in the 1930s. According to the Bank of England, the UK recession is expected to be less drastic than first predicted. However, this could still be a difficult time for millions of people across the country. For homeowners, the worry is not only in the expected drop in house prices. But in the risk of losing their job and struggling to pay the mortgage. At this point, these homeowners need to know what their options are. That’s where we come in – we can provide help and advice for homeowners dealing with financial difficulties. And those who might be under the threat of repossession. Some homeowners can ride out the uncertain times ahead of us. But those who are looking to sell quickly can come to Sell My House Quickly Durham. And see how we can help.