There are numerous reasons why you might need to sell your house and rent it back through a specialist company offering a sale and rent back agreement. Repossession is an obvious choice for taking this option because you would not have to move out of the home as you would be able to pay rent at typically more affordable cost than the mortgage. However bear in mind that when you rent back their is no lifetime guarantee, the rental period will be fixed.

However this is not the only reason why you might choose a sale and rent back agreement. Such a scheme could come in very useful if you are emigrating and want to leave a clean slate. You could leave with a cash sum in your pocket when it was time and while awaiting departure you could live in the property by paying out rent.

You would get a quote for how much the company would pay for your home, usually around 70% of the value, and if this sounds like something you are interested in the company will visit you and talk over the deal. At this time you would also get a quote in writing and be told how much you could rent back the property for and for how long you are able to rent it.