Make a sale and rent back with our help
Your options are somewhat limited when you have got into mortgage arrears and cannot make an agreement to repay what you owe. You can give your home up to the lender to repossession or you could try and advertise your home on the market and hope to sell it. However this would mean you paying out fees to solicitors and estate agents and of course you would have to find somewhere else to live. You could choose to make a sale and rent back with our help.
We would buy your home from you and as we give you cash for your house this means that you are able to pay off your current mortgage which in turn means the lender will not repossess. If your lender is already in the process of repossession we can show you how to put a stop to proceedings while the sale goes through.
We then allow you to remain in the property by paying monthly rent that would be more affordable than the mortgage repayments you were struggling to maintain. We would also tell you how much you could buy your home back for in the future if your circumstances allowed you to be able to do so.
