This one question could be on the minds of many that are facing losing their homes to repossession. If you cannot afford to keep up the monthly mortgage repayments and fear you are going to lose your home and have to move, a sale and rent back agreement may help you to avoid it.

A sale and rent back agreement can be undertaken with a regulated company. They will agree to buy your home for a fixed price which is based on the area in which you live and the type of property you have. This may be around 70% of the value of your home. The company will work out how much rent you can afford to pay each month and this allows you to remain in your home for a fixed period of time.

A regulated company should make all the information available on the scheme on their website and this is the first place to begin looking for information. They should give information and facts on the basics of selling and renting back and should encourage the individual to take their time to go over the information with a fine toothcomb. You should never feel as though you are being rushed into signing a contract and consider all options.