When faced with the thought of losing your house to repossession due to falling into mortgage arrears life becomes a nightmare, after all you will have to leave behind many treasured moments. Repossession affects not only you but also any other family members.

There are options open to you when in arrears and one way that you may not have to leave if you look into the option of being able to sell and rent back your house to remain in it by taking a sale and rent back agreement.

By taking this option you can sell your home to a regulated company and then pay monthly rent for a certain amount of time and be the tenant during this time.

A regulated company should be willing to talk through the whole process through with you and tell you how much they would buy your home for and how much rent you would have to payout to remain in your home.

Mortgage arrears can be devastating but they need not be if you consider all of the options open to you and fully understand what you are going into if you choose a sale and rent back agreement.