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Frequently Asked Questions On Sale and Rent Back

How much rent will I pay if I rent back?
Usually the average market rent in your area for properties like yours. Each case is considered individually and an affordable rent is always set based on individual circumstances.
How long can I rent the property back for?
We offer a range of guaranteed rental options to suit various personal circumstances. Please contact us to find out more.
What price will you pay for my property?
The purchase price depends on many factors, including how much monthly rent you can afford. When we receive your enquiry we will carry out an independent valuation on the property and give you a full breakdown of rental and purchase price options.
How much does it cost to sell my property with a rent back agreement?
No upfront fees are charged.
What kind of a tenancy agreement will be used?
The standard Assured Shorthold Tenancy (AST) agreement that is commonly used by letting agents. The tenancy comes with the guaranteed rental terms agreed on.
Can I leave the property at any time during the guaranteed tenancy?
Yes, you are free to leave anytime after the initial 6 months of the tenancy.
How long does it take to sell the property?
About 4 weeks.
When is the rent payable?
Usually the rent is paid monthly in advance, except in some housing benefit cases where councils will only pay in arrears.
Do you rent back to Housing Benefit tenants?
Individuals claiming income support or housing benefit are always welcomed as long as the Housing Benefit Department is happy with this arrangement. Every council is different and you are advised to check with your council directly first.
Would the rent increase over time?
Each case is looked into individually. All terms are always agreed upon with you before the sale proceeds.
What are the costs involved in me being a tenant?

Apart from the rent, you will also need to pay your bills (gas, electricity, etc.) and the council tax. Optionally, and if you want to, you need to pay for your Contents Insurance.

After the sale, we are responsible for the Building Insurance and, in case of leasehold properties, the service charge and ground rent. We will also be responsible for servicing the boiler (if there is one) every year, issuing a gas safety certificate and take care of any heating system breakdowns.

How about the furniture?
The furniture always remains yours.
What are some of the benefits of the sale and rent back arrangement?
Sell house and rent back benefits.
Do I need a solicitor for the sale?
Yes. And if you don't know one, one can be recommended to act on your behalf and their fees are covered by us.
Can the scheme be adapted to my personal circumstances?
Sure. See the sell and rent back house arrangements criteria.
How does your rent back scheme compare to other options?
Here are some alternatives that might be suitable.
How does it all work with people going through a financial difficulty?
Dependent on how much equity left in the property, you might be able to sell your house and rent it back to release equity and pay off the debts.
How does the scheme appeal to people looking to release locked equity in their properties?
Please check our article sell my house and rent it back. Other options are discussed here
Does a rent back arrangement have anything to offer those preparing for emigration?
More info available here: rent back my house.

More buy house rent back, rent back my house, sell house and rent back commonly asked questions...

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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