Sell and Rent Back

Looking for someone buy my house and rent it back

If I was looking for someone who would buy my house and rent it back to me through a sale and rent back agreement I would begin my search online. One of the first things I would look for in a company is that they are regulated by the FSA. This would give some peace of mind towards getting the best deal for my circumstances.

When you sell and rent back your house through a sale and rent back agreement there are many things that have to be weighed up and considered.  Of course, one of the biggest pluses to selling home this way is that you do not have to leave your home and if you are faced with repossession by your lender this could be a lifeline. The downside is that you may not get the full value of the property.

You could apply on the internet and get a verbal quote, this would give you an idea of how much you may be able to sell your home for, usually 70% of the full value. At this time, you would also be told how much rent you would have to pay to stay on in the property and how long you are able to rent back. Bear in mind there is no lifetime rental guarantee.

While a sale and rent back agreement may be one option to avoiding losing your home it may not be the most suitable. Therefore check all options before rushing into selling.