I could rent back my house after making a quick home sale
A rent back solution can work in many circumstances. It can come in useful if you are going through a divorce and one partner wishes to remain in the home while selling to split proceeds. You could sell this way for peace of mind if emigrating and wanting to rent until your departure date and you could use this solution if you are being faced with repossession due to mortgage arrears.
I could make a quick home sale and get cash for my home which would allow me to clear the mortgage arrears and the mortgage. I could then choose to rent back my house with the option of being able to buy it back sometime in the future for a fixed price at the time of selling.
A scheme such as this can be an ideal solution as it would mean that I would not have to leave the property and all the memories in it. I could apply online with a specialist company and they would give me a verbal quote as to how much I could sell for within 24 hours. I could then choose to go ahead and would be given all the information needed and pay affordable rent which would be tailored to my circumstances.
