Sell to rent back is not suitable for all but it should at least be considered as an option if you are struggling financially. Of course as with any financial proposition there are both good sides and downsides to consider before rushing into a decision. However providing you have ensured that you have gone with an ethical specialist and have read the facts and terms and conditions relating to the process, you can decide if this is a suitable solution.

If you sell property and rent it back you can get the much needed money to payoff your mortgage and not have to worry about having your home taken from you due to repossession if you are facing difficulties. This is one of the good sides as is the fact that even if you are facing imminent repossession it can be stopped with the sell to rent back process. While it can be a solution for those who are facing repossession it can also be helpful if you just want to release the equity in your home for any reason or if you are going through a divorce. Along with renting back you also have the option of buying it back once your finances are straightened out.

One of the biggest downsides if you wish to sell property and rent it back is that you will not get the full value of your property in the sale. Your home will usually be sold for a price that is discounted which can be 80% to 85% of the true value; this is of course due to the fact you are offered a rent back option. While you do get offered the chance to rent back and stay in your home there is no guarantee of how long you are able to rent back over the long term, this is another downside that has to be given some consideration. This scheme operates in London and all of the UK.