There are specialist companies who will offer to buy your home and then rent it back to you with the option of buying it back when you are financially able. This can ease many stressful problems that are associated with financial difficulty such as if you are unable to keep up with your mortgage repayments or you need to release equity in your home quickly.

Buy house and rent back schemes work by the company buying your home from you and then renting it back. They will also give you the opportunity of being able to buy back your home for a pre-determined sum. You would usually be given around 80% to 85% of the value of the property and while you could get 100% by selling yourself, you would have to pay estate agent’s fees and solicitor’s fees.

By going with a buy and rent back company, the fees for the solicitor will be paid and the whole process of selling your home can be over in as little as 4 weeks. Another advantage is the rent that is charged in order for you to remain in your home is tailored to the individual and is based on the amount you can afford.