If you are faced with the possibility of losing your home to repossession it may be a battle that you think you cannot win. If the lender takes you to court due to mortgage arrears you could end up losing your home if the courts rule in the lenders favour. Is this a risk you are willing to take and if not what are your options?

You could look into selling your home and hope the judge gives you some time. However with the market as it is at the moment, time could run out before this happens. You would of course have to move out of the property if you managed to sell. Alternatively why not look into a sale and rent back agreement?

With a sell rent back through a sale and rent back agreement you are able to sell for cash which you use to pay off your mortgage and any arrears you may have accumulated but you can remain in the property. You stay on in the property as a tenant by paying rent. However there is a limit on the amount of time you are able to rent the property so bear this in mind.