By choosing to sell your house with a specialist company offering a sale and rent back agreement you could avoid repossession and yet still be able to remain in the property as a tenant. You may be able to pay rent on a monthly basis and remain in the property for the rental period.

By choosing a sale and rent back agreement and selling your home for cash you can payoff the lender and court proceedings would be halted until the sale went through. While this may be a suitable option to stave off lender repossession you do have to consider all other options as this may not be the most suitable.

When looking into a sale and rent back agreement the company should offer information on the agreement so that you can weigh up the pros and cons. Selling and renting back can be a very viable option providing you understand that while you remain in the property you are just the tenant and not the owner.