Sell and Rent Back

I want to sell my house and rent it back, how do I proceed?

If you want to sell your house and rent it back to stop property repossession then the first thing you should do is to go online and find as much information as possible about the whole process of a sale and rent back agreement. You need to find a regulated company but bear in mind that this may not be the most suitable option, so look into all other options before selling your home.

If you are struggling to pay the mortgage each month and fear that soon you will be facing repossession then this may be an option well worth considering. Even if you are already in arrears with your mortgage and your lender has begun proceedings in the courts, a sale and rent back agreement may help to put a stop to repossession. The company will offer you a sum of money, which is usually around 70% of the value of your home and allow you to rent it back for a fixed period.

A regulated company may be able to get a stop to the court order and provide advice to those talking a sell and rent back option. While you do have to go over the small print of the contract and give it some serious thought, the whole process can be over in a short time and this is imperative if court proceedings have already started.

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