If I were to be facing repossession then I could choose to sell my house and rent it back with a view to buying it back when I could afford it. A scheme of this type would mean that I would not have to move out of my home 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.

A good rent and buy back firm will 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 specialist rent and buy back firm will make you aware of the pros and cons before you enter into any agreement. They will work with the individual every step of the way to make the process as easy to understand and go through as possible.