If you are having severe problems with finances and are unable to continue meeting the requirements of your monthly mortgage repayments, then a sell and rent back company could be the answer to your problems.

When selling your house and renting it back, you can continue to live in your home while paying affordable monthly rent with the option of buying back your home when you are financially secure. While suffering mortgage difficulties is one way in which a sell and rent back scheme can work, it can work in other situations too.

Those who are emigrating can benefit, as can individuals who are going through a divorce. If you need money of a substantial amount quickly, then you can also benefit from selling and renting back. However, in order to be able to benefit this way you must have substantial equity in your home.

While selling and renting back can be a good choice, there are both good and bad sides. One of the down sides is that the amount you get for your home will usually only be around 80% to 85% of the market value. This is decided by such things as the area in which you live and the type of home you have for sale. The plus side is that the process can go through in as little as 4 weeks.