It may be the start of a New Year but for many there are still the old problems to deal with of last year. Homeowners who had found themselves struggling to meet their mortgage repayments towards the end of last year, are now faced with repossession of their homes this year, unless their situation changes.

If you are one of the many faced with this predicament, then you may wish to look into your options and ways of avoiding imminent repossession to stay on in your home. One of the options you may wish to consider is the chance of being able to sell your property to a company who offers to buy rent back your property.

For instance if I knew that I had exhausted all other options and my home was going to be repossessed I might look into being able to sell my house and rent it back to remain in it by paying rent each month that was affordable. However I would have to consider the fact that I would not get the full asking price, typically around 70% of it and the rental period would be fixed for a period, usually 5 years.

When selling this way companies often help you and show you how to stop repossession proceedings. Once you have weighed up the  good and bad points if you wish to go ahead you are able to apply for a sale and rent back agreement online.