Advantages of A Sell House Rent Back Procedure
When a person comes to us to sell and rent back property that they own, they are transferring ownership of that property to us then rent the property back at a rate that is pre-arranged. The property rent back deal can be a suitable option but not in all cases. 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.
The sell and rent back, or rent back home option, allows you to release equity. Because you are selling the house specifically to get money that you can then use to settle your debts, the sell house and rent back procedure is a procedure that is open to anybody that happens to own property.
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.
