If I were to be facing repossession then I could choose a sale and rent back agreement. An agreement of this type would mean that I would not have to move out of my home immediately and would give me time to recuperate from financial distress and get back on my feet.

House reposession can be a frightening prospect not to mention the stress it would bring and the shame. Visiting a company that allows an individual to sell their home and remain in it by renting it back can be one way of avoiding all this. However check out all other options too.

A regulated company may even recommend a solicitor and will pay the fees. This is of course a relief for those who are struggling financially and means there will be no increased burden by having to pay out cash you cannot afford. While this type of scheme can provide comfort to those who options are limited, the terms and conditions do need some serious consideration, as there can be drawbacks.

However, a regulated company should make you aware of the pros and cons before you enter into any agreement.