If you need help with repossession then one of the places that offer it may be a company offering a sale and rent back agreement. A regulated company will supply information on what you should do in the first instance when faced with problems with the mortgage. They will then offer what could be a viable solution to avoiding repossession if all else fails and no agreement can be made with the mortgage lender. However you have to take the pros and cons into account and weigh these up.

The sale and rent back agreement allows a regulated company to offer a lump sum in cash for your home and then you pay to rent to remain in it. You need to weigh up that the rental period may be fixed for 5 years with no lifetime rental guarantee.

While repossession is one instance where selling your home and renting back with a sale and rent back agreement works it can also be useful if you are going through divorce and need to split the proceeds. In this situation the partner who wished to remain in the property could do so by renting it back after selling for cash with a buy to rent specialist.