There are regulated companies who will buy a house and rent back to you through a sale and rent back agreement if you are suffering from financial difficulties. Each year there are thousands of repossessions and homeowners facing heartbreak when they are forced to move out of their homes? If you are faced with mortgage arrears then you could look into selling this way and you may be able to remain in the property by paying rent for a fixed period of time. You would have to consider and weigh up the fact that there is no lifetime guarantee when selling this way.

If you choose to sell and rent back property with such a company you would be able to apply online, however make sure that you have checked all your options and weighed up the pros and cons as this may not be the most suitable option.

If both parties are happy then the sale can go ahead and the company may show you how to stop proceedings from going ahead giving time for the sale to go through. You would be able to pay off the mortgage and of course the arrears, with the money from the sale and not have to leave. On the downside you may sell your property for less than its full value.