I thought I would share my story with you to give you hope if you are in the same predicament as me. After 6 years of paying my 15 year mortgage I found myself in financial difficulties and could not keep up with my mortgage repayments. I received letters warning of repossession and did not know what to do until I came across a regulated company that offered to buy my house and then rent back my property to me through a sale and rent back agreement.

Once I had a quote that sounded good and after meeting with someone I found out how much rent I would have to pay to stay on in the property as a tenant and also how long I would be able to rent back. Even though I did not get the full value of my property, I had no estate agents or solicitors fees to pay, and I personally thought this worked out for my personal circumstances so was happy to go ahead.

I no longer had the worry of being evicted or of the stigma associated with having to move out of the property and find somewhere else to live. The rent I was paying was far more affordable and the time frame for renting back suited my circumstances.