There could be numerous situations where a sale and rent back agreement might work for your circumstances. One of the main ones is when you looking at having your home repossessed by the lender. In situations such as this if you have considered all other options, then a sale and rent back agreement may be worth looking into.

The beauty of selling your house and renting it back through a sale and rent back agreement is that while you will no longer be the owner, you will at least still be able to remain in the property after selling it. The downside it that the rental period may be fixed so there is no guarantee of being able to rent back for ever.

On the plus side as you would have sold the property and cleared the arrears you would no longer be threatened by repossession. This would have to be weighed up against the fact that you may get around 70% of the value of the property.

Of course a sale and rent back agreement may also be useful if you are emigrating and need somewhere to stay while the move takes place. It could also come in useful if you are going through divorce and have to sell to split the proceeds yet one partner wants to remain in the home for a period of time by renting.