What Can Lead To A House Rent Back
There are many factors that can play a role in a person choosing a sell and rent back option. Life can throw unexpected events into our daily lives leaving us to struggle with our finances. When a spouse suddenly passes away leaving the other parent to care for the home and children, selling a home can become necessary. When you are forced to move to a new location due to a job change, it can become necessary to sell your house.
A rent back option offers you the ability to sell your home quickly if need be, while giving you the ability to rent and buy back your home. The sell property rent back option allows you to sell your home to a property buyer, make money from your homes equity and rent your home at a lower payment. The rent amounts are based upon your finances and income. The buy-back option allows you to repurchase your home at a pre-agreed price.
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.
