What about selling and then renting back your house?
Have you given thought to sell property and rent back if you cannot maintain your mortgage repayments? You could give some thought to this if you are struggling with mortgage repayments, or you have already fallen into debt with your repayments and fear that your mortgage lender could repossess you. You would not have to advertise your home on the market, so would avoid the fees which would come with estate agent and solicitors, and you may be able to sell in just a few weeks from first applying on the internet.
As you are entering a buy house rent back scheme , you would be able to become the owner again, not just the tenant. This is one of the things that can cause a great deal of stress and worry, particularly if you have lived in the home for many years and your children were born there, the thought of leaving everything behind and starting again can be devastating. You would be able to remain in the home and not uproot the whole family by having to find accommodation in a different area.
Selling this way could alleviate a great deal of stress and worry on your part and could allow you to take a breather while you get back on your feet.
