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 quickly. 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 and this is by choosing to take a sell to rent back deal. I would get a cash lump sum and work with the company to find a tailored solution that would allow me to stay on in the property by paying rent which was affordable.

The company would also set a fixed price at which I would be able to buy back the property for once my financial situation had improved. This would mean that at some stage after some breathing space I would be able to own my home again. Looking into this option costs nothing and it could be a win-win situation providing I take the advice that the company would offer me and weigh up the pros and cons.