While the threat of repossession is extremely frightening when it happens, it is important to remain calm and not to panic. If the lender cannot help then all might not be lost if you consider the option of taking a sale and rent back agreement.

In situations such as this you can benefit and turn a bad situation into a win-win situation by choosing a sale and rentback agreement as an option. However check all other options as this may not be the suitable.

The big difference is that you will not own the property but will be a tenant in the property while you pay rent for a fixed period of time. The majority of sale and rent back agreements come with a 5 years rent back.

A regulated company will take you through the whole process of a sale and rent back agreement from start to finish and if necessary will help you when it comes to stopping an eviction order to give time for the sale to be completed.

When considering a sale and rent back always ensure the company is regulated by the FSA.