Every homeowners worst nightmare is when faced with the possibility of losing their home to eviction. The lender can choose to repossess your home if you are unable to make an agreement to catch up on arrears while at the same time keeping up with mortgage repayments.

If you are facing repossession and there is no way you can make an agreement with your lender but wish to remain in the property, you could choose to sell your home to a sell and rent back specialist company. Such a company would allow you to sell your home to them for a cash sum and then you would remain living in it as a tenant.

They would come to an agreement with you for a price that you would sell your home for and along with this the amount of rent you would be asked to pay per month, which is more affordable than the mortgage repayments you were struggling to pay. This means no having to be forced to move and no mortgage repayments threatening you in the future. The majority of companies would also offer a buy back option if your circumstances were to change in the future.