There is no denying that the current economic problems are causing a great deal of concern for homeowners. Many have already lost their jobs through redundancy and many more fear the same fate. There are a great deal of individuals in the UK who are just surviving from month to month and any small change in their outlays each month could see them falling into arrears with their mortgage. Depending on the size of the mortgage and income, it can be hard to catch up on even one-month of missed payments and your lender will of course send a polite letter reminding you to catch up. If you continue to miss payments, then life suddenly becomes very bleak and there is the strong possibility of you losing your home to arrears.

If faced with this you may consider selling your property to avoid the stigma associated with repossession. However, you then have to move out and find alternative accommodation, even if you manage to sell. There is another solution and this is to sell home and rent back your home through a sale and rent back agreement.

A company that would buy rent back your home to you can be just what you need as you are able to sell your home and pay the mortgage lender and pay affordable monthly rent to stay in your home. While you will not get 100% of the value of your home, you do get a fast sale and the chance to remain in the property.

Bear in mind there may be other options more suitable and if taking a sale and rent back agreement choose a company that is regulated.