There are companies out there who specialise in offering you a cash sum for your home with a buy and rent back scheme. A company such as this will give you an estimate as to how much your home could be worth in around 24 hours and also tell you how much you would be able to rent the property back for in order for you to be able to remain in it.

You can also choose to buy back the property for a fixed price which is agreed when signing up for the deal. A sell and rent back option could be useful in many circumstance. In particular it is extremely useful if you are facing having your home repossessed if you are unable to maintain your mortgage payment. In cases such as this the company would be able to work with you to stop home repossession.

It could also be a viable option for those who are going through a divorce and the home needs to be sold to split the proceeds yet one of the partners wants to remain in the property. Those who are awaiting emigration can also get peace of mind by selling and then live in the property by paying rent until its time to leave.