Avoid Repossession By Selling To Rent Back
A sell house and rent back option is useful in many different circumstances with one of the reasons being a way to avoid reposession. A sell-to-rent-back in the United Kingdom can stop repossession and a regulated company will work with you to show you how. The deal would involve you selling and renting back for rent payments that was affordable for up to 5 years. You are able to get a sale, and while waiting to sell your house, any repossession order would be put on hold.
A rent back sale can be used if I were emigrating and are ready to leave. I could sell my house and leave with cash in the bank. However if I wanted to sell my house but were not ready to leave and wanted peace of mind of a sale, then I could choose to rent back property until the departure date. Rent-back would mean that I had somewhere to stay and would not have to find rental accommodation.
A rent back sale could be taken when needing to release equity. It would allow me to sell my house and yet remain in it.
We, as a regulated company, will offer a tailored buy and rent back solution so that you do not have to move, while allowing you to sell your home. Of course when using a rent back agreement there are both pros and cons to take into account. 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. A sale and rent back agreement might not be the best option. There may be other options available.
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