I am facing losing my home to repossession and I want to sell my home and rent it back to avoid it. This is a question that is often asked when homeowners can no longer manage the repayments of their mortgage. You may be able to sell your home for cash which would allow you to payoff the mortgage outstanding along with any arrears.

However when thinking of taking a sale and rent back agreement there are numerous factors to take into account. For instance the period of time that you are allowed to rent back over and how much the company offers for your property. Typically this may be less than the full asking price.

By choosing to stop reposession through a sale and rent back agreement you need to consider the options very carefully. A deal may work out to your advantage but on the other hand it may not and other options may be more suitable. Weigh up the pros and cons of the entire package you are offered and make sure that you understand what you are getting yourself into before signing away your property to the company.