Getting into mortgage arrears is devastating, but not being able to pay the mortgage each month leads to the lender taking repossession through the courts. Luckily I had heard of companies who bought your home from you for a cash sum and then allowed you to remain in the property by looking into a sale and rent back agreement.

When this happened to me I got in touch with a great UK buy and rent back company and sold and chose to rent back my home. I understood that there was fixed rental period and no guarantee of being able to remain in the property for the long term. I also checked all other options open to me before going ahead with the sale and rent back agreement.

While I was not offering the full value of my home I did not have to pay fees for estate agents and solicitors.  I found this a much better alternative to losing my home and all the memories in it by the lender having me evicted.