If repossession is imminent, you not only have to move out of the family home and into rented accommodation, but you are faced with the stigma of having your home taken by force. While you may not be able to repay your mortgage arrears, you might be able to avoid repossession, and you remain in the property.

You may wish to look into a sale to rent agreement with a company regulated by the FSA. When you take a property rent back, you will be living in the property as a tenant, however there is usually a fixed rental period.

A rent back my home sale through a sale and rent back agreement might be one option worth considering but there may be others that are more suitable.

When considering a a sale and rent back agreement it is important to choose a regulated company, so you may wish to check that they have the backing of the FSA. Always bear in mind that if you enter into a sale and rent back agreement you are unlikely to get the market value of your home and, as a tenant, may only be able to remain there for a limited period.