There has been a lot of negative press recently regarding sell and rent back companies who fail to offer a fair deal to homeowners. For many homeowners who had few options left open to them after falling into mortgage arrears, and were faced with losing their home, selling and renting back was a lifeline.
Homeowners were able to sell and remain in the home by selling to a company offering to buy house rent back for affordable monthly rent. They were also offered the option of being able to become the homeowner again in the future by buying back the property. However, with reports that some companies offering cash for homes were unethical and misled consumers, many vulnerable homeowners have been left wondering what to do.

Selling and renting back may still be the right solution for homeowners providing they ensure they know what they are getting into. If I wanted to sell and rent back my home to avoid repossession I would choose an ethical regulated company who provided me with all the information I needed to make an informed decision up front. I would then take my time to read any agreements carefully and ask any questions I had before signing over my property to them.