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 a sale and rent back agreement to sell and rent back your house through a regulated company. 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. When considering renting back your home take into account that there is no lifetime rental guarantee.

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 in the short term. You would have to weigh up the fact that you may not get 100% of the value of your home.