If through unfortunate circumstances, you are now facing the possibility of repossession or repossession proceedings have already begun then you probably think there is nothing you can do. Think again, you do have options and one of them is a sale and rent back agreement.

This would allow you to remain in your home while paying monthly rent. There is however no guarantee of you being able to remain in the property for the long term.

This is one way that you may be able to stop house reposession but it does have to be given some serious consideration. While there are many benefits to taking this option there is a downside too. The good points include no estate agents fees, your legal costs will be paid for and the company will work with you to tailor an agreement that is based on your specific needs.

The downside is that the price you are offered for your home will be discounted. This means that you will usually be offered around 70% of the value. A sale and rent back agreement might not be the best option. There may be other options available. Always consider all of your options before deciding to sell your home.