When being faced with the possibility of repossession due to not being able to pay your mortgage this usually means that you have to leave your home. However is you take the option of going with a regulated company offering a sale and rent back agreement you can sell home and rent back and this means you are able to remain as a tenant in the property. However there will usually be a limited rental period so bear this in mind.

While of course this is not the same as owning your own home, at least it may allow you some breathing space and time to straighten out your finances.

While this is a great opportunity for those being faced with repossession, you do have to weigh up both the pros and cons and a regulated company will make you aware of both. They should also offer to work with you to stop your lender taking you to court or to stop proceedings if you are already in the process of waiting for a court date.

This is of course just one option that you may choose to consider and it may not be the most suitable.