There is no denying that money is extremely tight and the job scene is precarious to say the least. This is leaving many homeowners finding it an increasing struggle to pay their mortgage and other debts. For some there is nothing left of their wages as the end of the month draws near and this leaves them turning to credit cards and loans to make ends meet. Many are in debt way above their heads with unsecured borrowing along with mortgage arrears and are faced with losing their home and everything else.

If you have fallen into mortgage arrears and are in debt then you may want to consider selling your home and taking a property rent back with a company that offers, a sell and rent back solution.

Generally a company will buy house rent back to you for affordable rent and if you have enough equity in your home you may be able to use this to pay off other debts. Of course, you have the option of remaining in the property and buying it back in the future once your financial situation has changed for the better. When considering this option as a lifeline if in debt and mortgage arrears always ensure that you contact a company who is FSA regulated to ensure you are offered a fair deal.