Mortgage arrears may occur for numerous reasons with one of the most popular being if you suddenly become unemployed or incapacitated. Without a regular income keeping your mortgage repayments up to date could be impossible and mortgage arrears which you cannot pay back lead to the lender repossessing your home. If you have fallen into arrears which you cannot repay or you are struggling with your mortgage then you have few options open to you. One of them is to sell to rent back your home through a sale and rent back agreement.

When considering an agreement with an ethical company there are many things to consider. If you sell and rent back house you will be able stay on in the property by paying monthly rent. However be aware that usually the rental period is fixed and there is no guarantee that you can rent forever.

The company should be able to provide you with a quote, this is usually less than the full value of the property. This is another consideration that you have to make and weigh up. The good side is that if you sell this way you have the cash to be able to pay off your mortgage and not have the worry of eviction hanging over you.