Mortgage repayments can go up by a considerable amount when the interest rates go up if you are not on a fixed rate mortgage. This leaves many struggling with mortgage repayments that were once manageable and many find themselves above their head and even falling into arrears with the repayments. If you are one of the unlucky ones that finds themselves in this predicament, then you would have to work fast to stop the lender from taking your home. You could try to put your home on the market with an estate agent or you can look for a company offering you the chance to sell rent back

If I decided to sell my house and rent it back, there are advantages over selling the traditional way. For one I could sell in just a few weeks from applying and I would not have to move out of your home. I could pay monthly rent that could work out more affordable than your mortgage repayments and usually would be given the option of being able to buy back the property in the future.

Selling home this way would come with no fees attached which when weighed up with the reduction in value for your home could be worthwhile as fees with an estate agent and solicitor add up.