What’s the point to selling your home only to rent it back you may be wondering? This is a good question as why would you choose to sell your property and then pay to rent it back, why not remain as the home owner?

There could be many reasons why you have to sell yet do not want to leave the property. For instance you might be deep in mortgage arrears and have no way of repaying them. The lender could be threatening to take you to court and you have the fear of losing your home. In this case you could sell the property and choose to remain in it by paying rent that is usually a great deal more affordable than your mortgage.

You could choose to sell and rent back if you need to suddenly get your hands on a large sum of money yet you are not able to borrow. You could choose to sell your home and remain in it by renting with the option of being able to buy back at some point in the future. These are only two of the many reasons why someone might want to sell and rent back and there are many more.