A sale and rent back is one way that you can stop home repossession if you have got into mortgage arrears and cannot afford to pay back what you owe. It could turn out to be a win-win situation as you can sell your home and still remain in it by paying rent each month which is much lower than the mortgage you struggled to pay.

The company would buy house cash sale and this would allow you to pay off your current mortgage. Depending on the equity you had in the home you might also be able to pay off other debts. The beauty of selling and then renting back is that you do not have to move out of the property. You remain in the home as the tenant and then if you decide to take the buy back option in the future you can buy back at a fixed price.

The company should go over the pros and cons with you so you are able to come to a decision. They should also offer a tailored solution and if you are already going through the courts they should provide you with the information you need to stop court action until the sale goes through.