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Sell Property & Rent Back Examples
Below are examples of some purchase prices and rent figures we offered recently to our clients involved in a quick sale and rent back scenario.
Example 1
| Property's realistic market value: | 100k |
| We offer a price of: | 83k |
| Average rent payable in the area: | £550pcm (per calendar month) |
| Rent charged: | £500pcm |
We charged our client a below market rent of £500 per month which was more affordable than the £600pcm he was originally struggling to pay for the mortgage and secured loans.
Example 2
Another client had a similar property as the above but could only afford £400pcm. We agreed to fix the rent for two years at £400pcm to give him time to improve his financial situation. Part of the reduced rent cost was reflected in the purchase price:
| Property's realistic market value: | 100k |
| We offer a price of: | 81k |
| Average rent payable in the area: | £550pcm |
| Rent charged: | £400pcm |
