If you are suffering severe financial hardship and finding it hard to keep meeting the mortgage payments each month, you will probably be feeling the effects of stress and anxiety. Even if it has not yet got to the stage of your lender threatening repossession, this could be around the corner.

There can be a solution to ease your situation which can improve your finances, give you breathing space and you do not have to leave your home. By selling your home and renting it back through an ethical company, you can put a stop to house repossesion.

Once you have got back on your feet you are then able to buy back your home at a pre-agreed price. However, you do have to read the terms and conditions thoroughly before taking this option because there is both the good and bad side to sell and rent back deals.

While the good side is obviously the fact that you are helped financially when it comes to your home, the bad is that you will not get as much for your home as if you sold it privately. Another downside is that there is no guarantee that you will be able to rent your home indefinitely should your finances not allow you to buy back within a specified time. The full terms and conditions will be laid out before signing up and it is essential you read them before making a rash decision.