This is the second tip on avoiding the pitfalls of selling and renting back, as promised.

“Ensuring that you get the best deal”

When choosing a sale and rent back agreement of course you want to get the best deal possible. While a company regulated by the FSA are under an obligation to treat their customers fairly and give you the best deal possible, you may wish to consider other options as well.

For instance, you may want to get more than one quote from other regulated companies. Check out several companies online, and see what they offer with a sale and rent back agreement.

Ensure the property valuation is fair and is done by a competent surveyor who inspects the property fully.

Always make sure you know how long the tenancy agreement is for, typically the rental agreement is around 5 years.

Finally, our last bit of advice is to go over the terms and conditions of any agreement you are given very carefully to ensure that you understand it completely.

Look out for our third tip to avoid the pitfalls of selling and renting back tomorrow.