If you have fallen behind on the repayments of your mortgage or you are struggling and not sure how much longer you would be able to keep your repayments up to date then you would have to do something to stop mortgage arrears from building up which would lead to the lender taking you to court to seek repossession of your home. If there is no possible way that you can repay what you owe then you could consider the option of being able to sell property rent back with a sale and rent back agreement.

This means that you would sell your home to a company that allows you to sell to them which would allow you to pay off your mortgage thereby avoiding home reposession.

You would be able to rent back your home for a monthly sum of money, however there is no guarantee how long you are able to stay in the property.

Selling this way could be more beneficial than risking putting your home on the market with the hope that it makes a sale. Of course you could be lucky and sell and avoid the stigma of repossession. However you would have to move out if you sell with the estate agent. When selling with a company who pays cash for your home you could remain in it for a fixed period.