Sell and Rent Back is our Speciality
We specialise in buying properties and renting them back to their original owners. Please Contact Us if our service is of interest to you.
What is Sell and Rent Back?
Simply put, a sell and rent back means you sell the property and rent it back, for typically long term, at a rental price that you can afford.
Who is Rent Back Ideal For?
A sell and rent back could be an ideal solution in the following situations:
- Financial Difficulty: those who are finding it difficult to keep up the mortgage payments due to reasons outside their control (job loss, health reasons, high interest rate, etc.). You don't have to lose your property if you can't keep up the mortgage payments! We will offer you a cash price to buy your property and you can carry on living in it as our tenant until you decide to move on.
- Divorce: Separation is a stressful and painful process to go through. Quite often one party would wish to stay in the property due to an emotional attachment or to reduce the inconvenience this causes to other family members. A sale and rent back might be ideal in these scenarios.
- Emigration: There are enough things to worry about when planning to emigrate. Selling your property at the last minute, and not knowing when it will sell or if the chain will break, can add a stress factor to the planning. We are happy to buy the property quickly (within 4 weeks) and allow you to remain in it as a tenant until the time comes when you are ready to go.
- Equity Release: Sell and Rent Back could also be a good alternative to an Equity Release Scheme. Some people might want to release their equity for future plans such as starting a business overseas (with the aim of moving there), or being free to emigrate anytime to anywhere. In such cases, not having to wait for months to sell your property (and risk broken chains) could be an attractive option.
How to Get a Rent Back Offer?
- To purchase your property and rent it back to you we need to find out:
- how much your property is worth,
- how much the average rental figure in your area is, and
- the maximum rent you can afford, which may or may not be as high as the average rent.
We can find out all the above information within a couple of days, without having to visit the property initially.
- Once we have all the information we need, we will structure a package that suits your affordability and discuss the figures with you on the phone.
- If our verbal offer is of interest to you, we will then arrange to visit you in the property. There is no obligation on your side to accept our offer at this stage.
- Once we have seen the property and are happy with it we will confirm our offer. We will answer any questions you might still have and send you the offer in writing if you prefer to have time to think about it. You will still be under no obligation to accept our offer.
- If you decide to go ahead with the sell and rent back we will handle all the paperwork from this point onwards. We can recommend a fast solicitor to act on your behalf. We will pay all fees involved in the sell and rent back of your property. The sale should take typically about four weeks from the time you accept our offer.
If you would also like to buy it back in the future from us, we would be happy to sell the property back to you at a pre-agreed price.
Read more about our Buy and Rent Back scheme...
