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Sell My House & Rent It Back - An Approach To Release Equity

Releasing some equity is a popular way of accessing free cash tied up in your home. Rising house prices in the UK since the mid-1990s has created a nation of homeowners who are asset-rich. Traditionally, the mechanism for releasing that cash has been to remortgage the property, or to take out a second loan secured against the property's equity. Money released is often used to enjoy a better lifestyle or buy a property abroad. This however means a higher debt to service for longer as well as higher monthly repayments to cover their increase in debt.

Another solution is to sell and rent back the property. By doing so you can release some of the equity in your home. Your mortgage and other debts secured against your home are fully paid off, and you may even be able to decrease the amount you pay out every month for the property by way of a rent-back arrangement. The sale and rent back solution gives you the freedom to enjoy a cash-rich lifestyle without the debt that normally goes with it.

How does the Sell and Rent Back Solution Work?

We value your home and puts an offer in for cash that is less than full market value. If you accept the offer we will arrange a sale with contracts that can be exchanged normally within 4 weeks, but can be shorter if needed be the case.

On the rental side, a rental agreement is raised that enables you to remain in your home as a tenant. The terms are flexible to your situation, and the amount you pay each month can be adjusted to make it affordable for you. Once all the details are ironed out, and the transaction completed, you receive a cash lump sum with which to pay off your mortgage and other debts secured against the property. The equity left over is then yours.

Our Sell and Rent Back package can also help individuals going through a divorce.

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.

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