A sell and rent back company can provide help and advice on repossession
A regulated sell and rent back company may provide a solution when it comes to avoiding house repossession. However, a regulated company may provide more than just a solution, they typically also give the homeowner advice on other possibilities and options for avoiding repossession.
Good honest advice on repossession and steps that can be taken to avoid having your home repossessed is essential. However if there is no other option available but to sell your home to avoid it, then you may wish to consider a sale and rent back agreement, it could be a solution for your needs. On the other hand there may be more suitable options so check all of your options out before selling your home.
The regulated company may buy your home from you for a fee that was decided based on the type of home and the area in which you live. Typically they offer less than the full value of the property. They would then allow you to rent it back but you have to bear in mind that there is no lifetime rental guarantee.
Choosing a regulated company offering a sale and rent back agreement is essential. We are fully regulated to advise on, arrange and enter into regulated sale and rent back agreements.
