Sell and Rent Back

Avoid property repossession with a rent back solution

Are you faced with the threat of a court appearance due to mortgage arrears? Are you struggling to meet your monthly mortgage repayments and fear that you might lose your home? If you can relate to any of these questions then you need to do something to stop the lender taking your home. So what are your options? You could sell your home on the market, hopefully it would sell. You could do nothing and hope you dont get repossessed. You could choose to stop property reposession by selling your home to a regulated company that offers a sale and rent back agreement.

When considering a sale and rent back agreement you have to bear in mind that typically you do not get 100% of the full value of the property. However if all is well and both sides are happy to go through with the deal then you would be given a written quotation and be told how long you are able to rent back the property for.

You would be shown how to put a stop to any proceedings which were already in place which would give time for the sale to go through. When considering a sale and rent back agreement you also have to consider other options as this one may not be the most suitable.

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