Being able to sell house would be one way of avoiding having the lender repossess your home if you are in mortgage arrears and you have no chance of being able to catch up on them. The advantage of selling quickly is for peace of mind and a company offering a sale and rent back agreement may be able to provide this.

I could sell my home by getting first a verbal quote and if this sounds like a good solution someone would then come and talk with me, value the property and then give me a written quotation.

They would explain the whole process of a sale and rent back agreement. I would have to weigh up several factors as there are both pros and cons. For instance there are no fees to pay but I may not get the full value of my property. I could pay rent to remain in the property but there is a fixed rental period. I would of course also look into other options which may work out more suitable.