There are many companies offering the individual a sale and rent back agreement. 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 may be a viable option for your circumstances, then you must choose an regulated company.

It is only by doing so that you will get the best out of the deal. A regulated 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 company offering a sale and rent back agreement may offer 70% 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 each month. However there is usually no lifetime rental guarantee and the rental period may be fixed at 5 years.