It has been revealed that the state pays rent for 1 in 5 homes in some parts of the UK. Those who are on low incomes have their rent paid through state benefits. Some are living in their homes rent free, whilst others pay a small portion. Along with this, some county councils have introduced schemes to smarten up homes and make them safer. This includes the councils paying out for new fitted kitchens, double glazed windows and doors and fitted bathrooms. If you one of the many buying your ex council home and struggling with your mortgage and arrears you may well be kicking yourself for having put in to buy.

If you are struggling with mortgage arrears, and are faced with losing your home, you may want to sell your house and rent it back through a sale and rent back agreement.

There are companies out there who buy house rent back to you which may be tempting if you are struggling.

You are able to pay rent to remain in the property but you do have to be aware that typically there is a fixed rental period of 5 years. Should you choose to take this option to avoid the lender taking your home and forcing you out, ensure you look into all other options and if you go ahead choose to sell with an FSA regulated company?