Sub-prime mortgages are causing huge worries for those who took out this type of mortgage and who have fallen behind with their mortgage repayments. Many mortgage lenders provide those who have fallen behind with repayment mortgages, time to catch up on missed repayments. They are generally given the opportunity to pay a little more each month alongside their regular instalment to pay off what they owe. However, lenders of sub-prime mortgages are in some cases, demanding a lump cash sum of money from those in mortgage arrears. This is adding onto their financial burden and worry of losing their homes.

If you do not have a cash lump sum to shell out to the lender, then of course you face losing your home. If you cannot repay mortgage arrears then you may have to look into selling your home to avoid it being taken from you. If you wish to sell and do not want to move out then you may choose to look into a sell property rent back option.

When choosing to sell my house and rent it back I would pay rent each month to remain in the property. The company would also give me the opportunity to buy back the property in the future. I would not have to pay legal fees or have to pay out for a home information pack in order to sell, as generally the rent back company pays the fees.