Repossessions are on the increase and if you are one of the many homeowners that can no longer maintain their mortgage repayments then you should look into what options are open to you. One of them is to sell home for cash with a sale and rent back guarantee and then pay monthly affordable rent to remain in the property.

When considering this as one of your options bear in mind that you may not be able to remain in the property for lifetime as usually there is a fixed rental period of 5 years.

Of course another of the big advantages of selling home this way is that you would not have the worry of repossession hanging over your head. The company may be able to help you to put a stop to the repossession proceedings if these were already in place which allows time for the sale to go ahead.

Once the sale went through you would have the cash to pay off your mortgage along with any arrears and perhaps have some left over to pay off other debts if there are any. However you might not be offered the full value of the property.

This is just one of the options you may wish to consider if you cannot afford to repay your mortgage and are looking into selling.