Each year, for one reason or another, homeowners are faced with mounting mortgage arrears. Many of these fail to overcome their debts and are evicted from their homes. If you have reached this point and are struggling on from month to month with fear and worry that you will become a statistic of repossession you may want to consider being able to sell your home and rent it back through a sale and rent back agreement.

A sell and rent back agreement means that you would sell home rent back to remain in it. However you need to understand that the rental period is typically fixed at 5 years so there is no lifetime guarantee.

Mortgage arrears are a life changing threat and they cause a great deal of pressure in the home. You could sell your home and pay off your mortgage, which eases this pressure, and remain in the property.  When selling this way you would also not have fees to payout to estate agents or solicitors and the company would provide you with information you need to stop any court proceedings for repossession from going any further.

The downside is that you may not get the full value of the property so this has to be considered when weighing up the pros and cons along with considering all other options, as this may not be the most suitable.