Mortgage arrears may end up in disaster for you and your family if you are unable to come to an arrangement to repay the money you owe and continue paying your mortgage. However you may be able to avoid repossession if you choose to sell and rent back your property with a regulated company offering a sale and rent back agreement.

Of course there are numerous benefits and pitfalls that you have to consider when looking into a sale and rent back agreement. Typically you may not be offered the full value of your home so this has to be weighed up against the fact that you do not usually have fees to pay out to sell.

You also have to consider the fact that when you enter into a sale and rent back agreement there is no guarantee that you are able to remain in the property forever. Typically there is a limited rental agreement of 5 years.

A sale and rent back agreement may allow you to avoid losing your home but this is just one of the many options that could be open to you, and other options may be more suitable.