While one of the main uses of a sell and rent back scheme is if you are having trouble paying your mortgage each month, a scheme can also be useful in many different circumstances. They can be extremely useful if going through a divorce or if you are emigrating.

In all of the above circumstances you would be able to sell and rent your house back which not only saves you having to leave your home, but also allows you financial freedom if you are struggling to meet the repayments of your mortgage. In the case of going through divorce it can free up money which you can split while allowing one of the parties to rent it back and remain in the property. If waiting to move into a new home when emigrating you are able to sell and then rent until you leave.

A buy and rent back company will make you an offer for the property initially and then if it sounds reasonable they will want more details and of course to view the property. Following this you will be given a written quote and also be told the sum you would have to pay in rent. You would also be given a quote for buying back the property in the future if you wished to do so and your finances permitted it.