Repossession is a terrifying prospect as often if you are unable to catch up on the missed mortgage repayments they result in you losing your home. One way of perhaps avoiding losing your home to the lender is to sell. However you would have to make a home sale in order to be able to stave off repossession proceedings and of course a sale would normally mean you have to move out of your home.

There is a way that you may be able to sell your home and then rent it back to remain in the property. By taking this option you would be paying monthly rent to remain in the home for a fixed amount of time. A sale and rent back agreement is one option to stopping home reposession.

A regulated company should be able to give you the information needed to stop proceedings which would allow time for the sale to go through and this alone can bring huge relief to those who are faced with losing their homes.

If you enter into a sale and rent back agreement you are unlikely to get the market value of your home and, as a tenant, may only be able to remain there for a limited period.