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Sell & Rent Back Property Schemes - Facts

If you need, due to any reason, to release equity in your house without moving you typically have a number of options. Below is a list of options:

1. Consider An Equity Release Scheme

An option that might be open to exploring is an equity release scheme. These are schemes designed to allow you to sell your property (typically at 40% - 50% of its value) and stay in your property long term. They were designed mainly for a certain age group and the value they offer for the property might make it unworkable for people who donít have enough capital in their property.

2. Sell & Rent Back

You can sell your property to us and rent it back from the buyer. After the cash lump sum you receive pays off your mortgage and other debts secured against the property, all the equity left over is yours. The sale is conducted swiftly and painlessly - generally quicker than if you placed the house on the open market - and all your professional fees are taken care of by the company.

As a tenant, some of the responsibilities of homeownership are lifted from your shoulders, which can be appealing if you are looking to reduce your responsibilities. Protected by a regulated tenancy agreement, things such as building insurance and heating system breakdowns are taken care of for you.

3. Remortgage

Traditionally, remortgaging your property has been the way to raise income from your home without selling. You can also take out a second loan secured against your property's equity. Both of these, however, involve taking on extra debt, and making higher monthly repayments. This leaves the homeowner exposed to future interest rate raises.

For many who simply want to access the free cash tied up in their homes without moving, incurring more debt might defeat the purpose.

To receive a no obligation rent back offer from us please contact us today.

Risk Warning: 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.

We do NOT offer the sale and rent back arrangements anymore. These arrangements are no longer authorised by the Financial Services Authority. No company can legally offer you a sale with a rent back. However, if youíre interested in selling without renting back, please get in touch with us today as we will be able to make you an offer.

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