I Want To Sell My House And Rent It Back: FAQ

I want to sell my house and rent it back, what is the best way to do this?

If you are interested in doing a sell and rent back house deal, you could contact a regulated company like us for a quote as we specialise in this type of agreements. We can discuss details and prices with you, without any obligation.

If I sell my house and rent it back, will I be forced to leave at some point?

Yes. Tenancies are set to a maximum of 5 years.

What does the selling part of the agreement entail?

When you go for a sell property and rent back agreement, the first part of the agreement involves the selling of your house. A consultant from our company will come to your property and inspect its condition. Based on the inspection, the consultant will then make an offer. We will then put the offer in writing. If you accept the offer or if you eventually negotiate to an acceptable offer, contracts will be signed and you will be paid on completion of the sale for transferring the ownership of the property over to our company.

What happens after that?

Once the sell and rent back agreement with our company starts, you will be paying the agreed rent amount to us instead of paying the monthly mortgage.

Further Information

A sell and rent option might be, in some circumstances, one way of avoiding having your home taken by the lender if you were to fall behind on your mortgage repayments. Mortgage problems can arise due to many reasons, you might be unable to work after falling ill or being involved in an accident and could have to take many months off work. If you do not receive full sick pay and have nothing to fall back on then mortgage arrears would build up and you would have no way of catching up on them. From here the lender would choose to begin repossession proceedings.

By choosing to sell house and rentback you could get a cash payment from the sale and use this to payoff the arrears and the mortgage thereby avoiding repossession and halting any proceedings. When you choose to sell your home and rent it back the company would be able to give you advice on how to stop the proceedings if it has gone that far or even to stave off an eviction order if a judge had given one. However, if you enter a rentback 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.

A sell house rentback option might be one way to avoid repossession yet still be able to remain in the property by paying affordable monthly rent.

You can find out all the information needed on how to sell and rentback house by contacting us. We are fully regulated to advice on property rentback. Since we are fully regualted by the Financial Services Authority we will help you determine if a rentback home option would be suitable for your circumstance.

You would of course have to weigh up all the options that come with the chance of being able to sell my house and rent it back and the authorised and regulated company should supply all of this information. Please be advised, 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. A sale and rent back agreement might not be the best option. There may be other options available.