Sell And Rent Back Your House
The sell and rent back option could give you the extra funds to deal with the financial strain, while allowing you to stay in your home. This option could save you the stress of trying to make ends meet.
The option of a sale with a rent back option can provide you with the funds you would need to pay your bills all the while getting to stay in your own home. The rent is often less then your mortgage. When you sell your property and rent it back you are able to pay the rent within the tenancy agreement. You can continue to rent for a maximum of a 5 years period. This can really offer you a benefit when you are faced with so many other financial obligations.
Often times when divorce is inevitable you are then faced with dividing property. A sale can offer you the chance to get your equity and divide that money fairly. You may have the option of one person staying in the house and paying the rent while the other person gets their share of the money.
What ever your reason for needing the cash now we offer the chance for you to sell your home and rent it back giving you the freedom to get cash when needed but stay in the comfort of your own home.
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 you’re interested in selling without renting back, please get in touch with us today as we will be able to make you an offer.
