Repossession is something that all homeowners worry about during the duration of their mortgage. Fall behind on just a couple of months of mortgage arrears and not have the money to catch up and you could lose your home to the lender. If you are one of the many thousands who are struggling to pay their mortgage each month or who have fallen behind then you could consider selling your home to avoid the stigma of having your home repossessed.

When looking for a cash home buyer your lender could have repossessed before you found one and of course you would have to move out of your home. If you sell with a company offering a sale and rent back agreement you may be able to sell and remain in the property as tenant. Bear in mind that the company typically offers a fixed rental agreement with no lifetime rental.

You could apply online for a sale and rent back agreement and weigh up if this was a suitable option for you to consider. This would certainly be an option I would look into if I wanted to avoid repossession and get cash for my house which would allow me to pay off my mortgage. However it is not suitable for everyone and there may be a better option.