Sale and Rent Back

Selling your house is never easy, and it can be a difficult and traumatic experience at the best of times. If you have to do it through circumstances beyond your control, then you want it to be as painless as possible. Using a Rent Back scheme can help the process be a lot less stressful. There is no pressure for you to move out because someone else is keen to move in. You can take your time, and decide what your next course of action is going to be.

Your house will be bought, without you having to go through the headache of all that it entails. Once this has been done, you become a tenant. You may decide that you continue doing so, even after you have recovered and can go back to work.

This scheme might not suit everyone as the property is typically purchased at a discount. Hence, it will only appeal to those willing to trade off some equity in return for the convenience and flexibility if the scheme. If you enter into a sale and rent back agreement you are unlikely to get the market value of your home and, as a tenant, may only be able to remain there for a limited period. There may be other options available. Please ask for a Key Terms Statement.