How to Sell and Rent Back Property
It is possible to sell and rent back property when you need extra money, or if you are going through changes in your life that require you to move into a new home. A house rent back is simply the ability to rent back your own home after selling it so you can live there while looking for a new home or as a way to reduce monthly payments until you are able to move elsewhere. To remain in their homes for a little while longer can help some people get their finances in order, find a more manageable home. Tenancy agreements are up to 5 years long.
If you need to sell your house, we can help you by purchasing your home and rent it back. If you would like to remain in the home a little longer, you can sell your house and rent it back from us for up to 5 years. Working with a regulated company like ours can help you complete your rent back in a professional manner.
You can sell and rent back on a short term lease as well. If you are in the process of looking for a new home and need money for a down payment, you can sell your home and rent it back. This will give you enough for a down payment and a little more time to find the home you want to buy. For many people who sell their homes before finding new ones, renting is their only option to avoid lengthy and broken chains. When you sell your home and rent it back through us, you won't have to rent another home and move only to have to move again in a few months. 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.
Many people sell and rent back property when they are making changes in their lives. Those who have families, who are going through a divorce or those who are looking for a new home but haven't found one yet, consider selling their homes to us. They then begin renting back until they are ready to leave permanently (maximum rent back period is 5 years). Contact us for a quote should you want more information on this opportunity.
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.
