There are many companies offering the individual the chance of selling their home and then renting it back. This can be a lifeline for those whose options are running out due to the lender threatening repossession of their home. If you cannot afford to continue servicing your mortgage repayments and believe that selling and renting is a viable option for your circumstances, then you must choose an ethical company.

It is only by doing so that you will get the best out of the deal. An ethical company would lay out both the good and bad of selling and renting and encourage the individual to read the terms and conditions in their own time without rushing them into a sale.

Rentback can work as long as you understand what the contract entails. A buy and rent back company will give you 80% to 85% of the value of your home, which is based on the type of property and where you live. They then offer you the chance to rent it back for an affordable cost each month. They also offer you the chance to buy back your home once your financial circumstances have improved, this figure would be decided at the outset of the contract.