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, then selling and renting back could help you to avoid it.

A sale and rent back scheme can be undertaken with an ethical 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. Usually this will be around 80% to 85% of the value. The company will work out how much rent you can afford to pay each month and this allows you to remain in your home with the option of buying it back for a pre-determined sum.

Buy and rent back companies who are ethical will 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.