If you are struggling with your financial situation to the point where you cannot afford your mortgage repayment then steps must be taken to get back on track. Depending on how bad your situation is there might not be many options available if you want to remain in your home. One option that you may wish to give some consideration to is a sale and rent back agreement.  There are companies who will buy your home for typically 70% of the value and then allow you to live in it while paying monthly rent over a fixed period of years, usually 5 years.

If you do wish to take a sale and rent back agreement to sell your house and rent it back then looking into what is involved is essential. A regulated company will make sure that you understand the contract before you sign on the bottom line. There are good and bad points to consider and these need careful consideration along with other options. For instance while there are no fees to pay to sell you may not be given the full value of the property and other options may be more suitable.