If you have got to the point where you can no longer continue to finance your mortgage and are worried about repossession, then you do have options. Options can be exercised either before court proceedings have started or even after they have begun.

One option that is worth considering, among others, is a sell and rent back agreement. However, you do have to give some very serious thought before rushing into choosing this as an option and consider other possibilities alongside it.

There are many companies now offering to buy your property and rent it back to you. When considering this as an option you do have to make sure that if you choose this road to go down, you choose an ethical company backed by the FSA. You should look for a company that will give you the vital information needed to decide suitability and which encourages the individual to take their time and understand it. In addition, one who will lay out both the good and bad sides to choosing this as an option to stop property reposession.

Providing you have ensured that rent and sell back is the right choice, by weighing up the fact that you typically do not get 100% of the full value of the property, you can go ahead and get further information.