By choosing to take a rent back agreement I would be able to stave off being evicted from my home after facing problems with mortgage arrears. If you fail to keep up with your mortgage repayment then the lender will only be patient for a while. You would then have to come to an agreement to repay your arrears or have the lender evict you through the courts.

If you choose to sell your home with a buy and rent back specialist you will not have to worry about finding the mortgage money but instead pay more affordable rent each month. Renting the property means that you do not have to leave the property and look around for other accommodation, you would also avoid the stigma that follows eviction.

A specialist company would give you an idea of how much your property might be worth and then come and look at your home before giving you a written quote which also includes how much you can rent it back for. You will also be given a fixed price for how much you would be able to buy the property back for, if and when your finances allow it.