How Property Rent Back Solutions Work
In a rent back scheme, the property is bought direct from you and rented back to you by a private company specialising in providing rent back solutions to their clients. The company must have the full permission of the UK's Financial Services Authority (FSA) to carry out regulated rent back activities. Our consultant will endeavour to answer all your questions, and describe in more detail all steps involved.
Here is briefly the steps needed to achieve a property rent back solution quickly:
- You contact us by telephone or by sending us brief details via the Enquiry Form.
- You will then be contacted to discuss your situation and the various options available to help you. You will be advised on how the sale and rent back agreement works. You will also be advised on what to do to stop a repossession or eviction order that you might be facing. A meeting is then arranged to go through your options in more detail.
- Any offer made is without cost - no charges for surveys or handling fees are made.
- Once you have decided to sell and rent back, all the relevant paperwork will be sent to you. The sale usually takes about 4 weeks to complete. On completion day you simply carry on staying in the property.
Find out more about what the sell and rent back property scheme alternatives are.
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