If you are unable to maintain your monthly mortgage repayments there is a good chance the mortgage lender will choose to take possession of your home and you could be evicted. When faced with this situation you have very few options open to you. One of them would be to sell your home. However usually you would have to move out of your home and leave everything you have built up over the years.

There is one way of selling and it would allow you to remain in the property. You may looking into being able to sell with a regulated company offering a sell home option and remain in the home as a tenant by paying monthly rent. Bear in mind that the rental period is usually fixed so long term renting is not possible.

This option would come with a cash offer which would allow you to pay off the existing mortgage along with arrears and stop the lender from repossessing. Along with this you would not have any fees to pay for such as estate agents or solicitors fees. This has to be weighed up against the fact that you may not get the full value of the property.

A sale and rent back agreement is just one option that you may wish to consider and it might not be the most suitable.