A sale and rent back agreement may be used by those who are facing financial difficulty. A regulated company could help you with such things as mortgage arrears, divorce or emigration. However, if you are considering this as an option then ensure you check out all other options as this may not be the most suitable.

Sale and rent back agreements can be used as an option when you are going through a divorce and one party wishes to remain in the property. In cases such as this, it would greatly ease an already stressful situation. If you are considering emigrating and wish to sell your property quickly, then this too can be a great way of making a quick sale without the worry of broken chains. For those who cannot keep up with the mortgage repayments it allows them peace of mind that their home would not be repossessed and they would still be able to live in it.

The agreement would allow you to sell your home while at the same time remaining in it by renting it back for a monthly sum, however there is typically a rental period so there is no long term agreement for remaining in the property. Also bear in mind that you may not get 100% of the value of your home. When considering taking a sale and rent back agreement you do have to weigh up all your options.