One of the most useful ways a sale and rent back agreement is used is when being faced with losing your home due to getting into mortgage arrears. You may take a sale and rent back agreement and sell your house rent it back and not have worries that you will be evicted from your home. You would be paying rent for a fixed period so bear in mind there is no lifetime rental guarantee.

Other circumstances where a rent back scheme could work are if you are waiting for the departure date when emigrating and when divorcing and one partner wants to remain in the party. If you want to find out more about a sale and rent back agreement you apply for a quote by filling in either a form or calling a phone number on the companies website.

The regulated company would give you a verbal quote for what your home could be worth, usually around 70% of the value, from the information you supply. If you are interested in going ahead with the sale and rent back agreement then the next step would be for someone to pay you a visit and after a valuation give you a written quote.

A sale and rent back agreement may not be the most suitable option for your needs so check out all other options before selling your property.