It is thought that there may be a startling jump up for repossessions this year after it was revealed that an estimated 6,000 homeowners stopped paying their mortgage over a year ago. This is said to be over three times the level than at the same time last year.
If you are one of the homeowners, who is struggling to repay your mortgage repayments or you cannot afford your repayments then you need to look into your options. While your options will typically be somewhat slim, you might wish to look into the opportunity of being able to sell your home and rent it back.

When you sell property you have the option of being able to take a property rent back, which means that you pay affordable rent each month, to stay in the property as a tenant. You are also typically given the option to be able to buy back the property sometime in the future.
You are able to apply online to sell this way and in around 24 hours, you will know whether this might be an option for you to go deeper into. If it is then someone will give you a valuation and at the same time tell you how much you are able to buy back the property for in the future.