Those individuals suffering severe financial difficulty could run into problems and find they cannot keep up with their monthly mortgage repayments. If this is the case, then the lender will take steps to repossess if you get behind by as little as 2 months and cannot come up with a reasonable plan to catch up on the arrears. There is one solution to a problem such as this and this is selling your home and then renting it back.

If I wanted to look into this option with a view to sell my house and rent it back, then going to an ethical website should be first priority. There are many websites that offer buy and rent back schemes and choosing one that would give honest advice and which allows the individual to look over the contract carefully is imperative.

You would have to consider the good and bad points to such as scheme to ensure that it would be right for your circumstances. Of course, the good side is that the individual can sell their home and therefore avoid repossession in as little as 4 weeks, while at the same time renting it back which means you do not have to move. The company will also offer the option of buying it back at a later date. The downside is that you will only be offered 80% to 85% of the value and no guarantee is given that you can rent for an indefinite period without buying back.