Losing your home to the mortgage lender can be devastating. You could have many fond memories and hate the thought of having to leave. However if you cannot keep up with your mortgage repayments then you might be taken to court and if you cannot show that you would be able to repay what you owe you could have to give up your home. There is another way that you could sell, pay off the mortgage yet remain in the property and that is by taking the option of being able to sell your house and rent it back with a regulated company offering a sale and rent back agreement.

There are regulated companies who give you cash for your home often in just a matter of weeks and then buy house rent back allowing you to remain in the property for the period of the rental agreement.  They might be able to show you how to put a stop to any proceedings that were already underway which would of course greatly ease any worry you might have.

You could sell your home and not have to worry about paying money you really cannot afford to put your home on the marker or have it sitting there for many months if it should sell at all. You would use the cash from the sale to pay off your mortgage and the arrears and hopefully if there is enough equity in your home you could have some money left over to help pay off any other debts you could have accumulated. However bear in mind that when choosing this as an option to sell you may not get the full value of your home.