For many across the UK Christmas spending this year may be the last straw in the struggle to keep up with essential outgoings and their mortgage repayments. Numerous individuals are already struggling to meet their mortgage repayments month after month even with interest rates being at an all time low and many have lost the struggle to keep those repayments up to date.

If you are one of the many, who are suffering from mortgage arrears, and who are faced with the possibility of losing your home, you may wish to consider the option of being able to sell your home and rent it back. With this option, you are offered a cash sum of money, which allows you to pay off the mortgage and so avoid repossession and the stigma associated with it.

There are companies regulated by the FSA who are willing to pay cash for your home to buy house rent back you for what may be a more affordable sum than you struggled to pay. Of course, when you rent back you do not have to leave the property and generally, house buyers offer you the option of buying back in the future, once your finances have settled down.