A sell and rent back scheme can be a viable option to avoid eviction
If mortgage arrears have brought you to the point where you are facing being evicted from your home, then it may not be too late to do something about it. Even if you have a date set for court then a buy and rent back company may be able to help you if you choose a sale and rent back agreement to sell your house to rent it back. Not only can the eviction be stopped but the company may allow you to remain in the property which means that even though you sell it you do not have to give it up and move out.
Of course you will not be the owner just a tenant, and there is typically a rental agreement so there is no lifetime agreement. A sale and rent back agreement may mean that you no longer have to struggle to meet the demands of your mortgage and worry about increasing rates of interest. You pay monthly rent in order to remain in the property which may be lower than your mortgage payment.
A regulated sale and rent back company will give you a quote after applying online and if you are interested and want to know more then they call to see you and discuss what selling and renting involves. Bear in mind that this is just option you may wish to look into when you are considering stoppingĀ repossession.
