If you are in arrears with your mortgage and are worried about losing your home you might want to look into your options. If you sit back and do nothing you will almost surely end up being repossessed. So what can you do? Well you could hope that the judge gives you time to resolve your financial situation or you could look at selling your home at moving out, or you might want to sell with a company that offers a sale and rent back agreement.

If you decide to take this option you do not have to move out as you sell for cash and then rent back, this means there is no stigma attached with the lender taking your home. However take into account that there is no lifetime rental guarantee, usually rental is a period of 5 years.

Usually when you take a sell and rent back deal you get slightly less than the full value of your home, around 70%, but you do not have any fees to payout to sell so this has to be weighed up.

Selling to rent back could be the lifeline you need to be able to get back on your feet again. However there are good and bad points to taking a sale and rent back agreement and there may be a better option than taking this route.