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 look into a sale and rent back agreement with a sell and rent back regulated 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.

Bear in mind that when you choose to rent there is usually a fixed period of time for rental so there is no lifetime guarantee. You may also wish to consider other options as they may be more suitable. Finally while you do not have to pay any fees to sell this way you may not get 100% of the full value of your home.