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, the best way to do it would be to contact our company for a free quote as we specialise in this type of deal. 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?

Generally, no. Our aim is to rent the property for as long as possible.

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 everything. Based on the inspection, the consultant will then make an offer. We will then put the offer in writing. Our offers are without any obligation. 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?

If you are engaged actively in a sell and rent back agreement with our company, then the house rent back stage of the agreement starts. Everything stays the same; you get to live in the same house in the same conditions with all of the same furniture around. However, what is different is that instead of paying a mortgage payment each month, you will be paying rent to us.

Further Information

A sell and rent option is 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 ideally a rentback option is best looked into as soon as possible after you have begun to have mortgage problems.

There are many bonuses to taking a sell house rentback option with of course the main one being that you would avoid repossession yet still be able to remain in the property by paying affordable monthly rent. You would also usually be given a house buy back option in the future if and when your circumstances had improved. If you chose to sell with an estate agent you would not have the chance to rent and the property could be on the market for many months. The buy and rent back company would give me the chance to sell my house quickly, often in just a few weeks from applying online. You would also be able to avoid broken chains which occur when selling through estate agents and would not have to pay the fees associated with the estate agent or solicitor.

You can find out all the information needed on how to sell and rentback house by going to the website of a company that specialises in property rentback. You can read FAQs and articles supplied by the company and then can help you to determine if a rentback home option would be suitable for your circumstance. If I thought the scheme sounded like something that I could take to avoid losing my home to the lender then I could fill in the online form with a little information or leave a message on the free phone number and they would get back to me with a verbal quote in as little as 24 hours.

I 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 company should supply all of this information and talk the deal over with me when they come to value the property and make me a written offer.