Understanding A Rent Back
A rent back option is a method that allows you to rent your home back for a mximum of 5 years.
The Rent-Back Option
The rent-back option allows you to sell your home and rent it back at a monthly rate that is suitable to your financial needs. This amount is often a lower amount than monthly mortgage payments.
This provides you with choices that lead you to make the best suitable decision for yourself and your home. Your sell house rent back options are available so that you do not have to lose your home due to unforeseen events. Death of a spouse, relocation due to a job change or an unexpected financial hardship can all lead to the loss of a home.
Once you have purchased your home you do not want to lose it due to unfortunate circumstances. A rent back option prevents this and enables you to remain in your home the way you should be able to. However, 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.
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.
