If you are having problems paying your mortgage repayments each month and begin to miss payments then you are a strong candidate for eviction. One missed payment would cause alarm with the lender and would see you receiving a friendly letter. Another missed payment and you are looking at the lender taking the advice of a solicitor to take you to court. After this the next step is leaving your home after the judge rules for the lender.

Repossession can be avoided though by choosing to sell and rent back your house through a company offering a buy and rent back scheme. The first step is to get a verbal quote for how much your home could sell for; this is based on the sale prices in your area, the state of your home and type of home. How much you would have to pay in rent would be down to the average rental prices in your area. However usually this would be more affordable than the mortgage you were struggling to pay each month.

The biggest advantage to taking an offer with a sell and rent back company is that you would not have pay solicitors or estate agents fees and of course you would not have to leave your home.