One of the options I could choose to take as a way of avoiding home repossession by the lender if in mortgage arrears would be to sell my house. If I could make a sale and use the money to payoff the mortgage then I would not be at risk from the lender, however I would not have my home either.

There is a way that I could sell and yet be able to remain in the property as a tenant for a fixed period, and this is by choosing to take a sale and rent back agreement. I would get a cash lump sum for my property, however this is typically around 70% of the full value of the property.

This is just one of the many options I could look into but it may not be the best and I would have to weigh up the pros and cons. If I were considering entering into a sale and rent back agreement I would need to choose a company that was regulated by the FSA.