A sale and rent back agreement may be able to put a stop to home repossession but thought does have to be given to it before rushing into an agreement. The agreements typically works by the company buying your home for a reduced price that is agreed during the initial appraisal and then you rent it back for a low monthly fee. Generally there is a limit on the amount of time you are able to rent back when taking this agreement.

If you wish to stop property reposession this could be a worthwhile option to consider, among others. An ethical specialist rent and buy back company may work with the individual to ensure that they understand the process. The entire process from start to finish usually takes around 4 weeks, however if your circumstances warrant it then this could be much quicker.

While rent and buy schemes can ease the anxiety and worry that repossession brings, there are some points to consider. You would usually only get around 70% of your homes value and there is no lifetime guarantee when it comes to renting back.

However, on the plus side, there are no estate agents fees and the company will pay your solicitors fees, which means you will not incur additional costs that you can ill afford.