Sell Home & Rent Back - Scheme Benefits
The benefits of rent back arrangements are many and include:
- No moving upheaval. Keep the home you love. No family disruption. Stay close to schools, etc.
- Have a legally binding tenancy agreement that runs for 5 years.
- Have the option to buy back your own home, if this arrangement can be offered.
- A more personal solution is tailored to your specific needs
If you are considering a rent back option as opposed to selling and renting somewhere else please take a look at the benefits of using rent back arrangements instead:
- No Estate Agents commissions
- Legal costs paid
- You will be provided with information about the valuation of your property, which will be undertaken by a professional independent valuer
- No broken chains
- No public viewings by unmotivated buyers
However, the way the home rent back scheme works might not fit everyone's needs because a discounted price is often paid for your property. Typically a maximum of 70% of the market value is paid when offering the rent back service.
If in doubt, or still have questions, please call us on 0800-298-3235.
If you are in financial difficulty, you might be able to get back on track when sell your home and rent it back.
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.
Rent Back My Property is a trading name of DFB Housing Solutions who are authorised and regulated by the Financial Services Authority. Our trading address is 10 St Stephens Court, Low Willington, County Durham, DL15 0BF