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What is Rent Back?

Rent back is a term that refers to selling your home and renting it back from the company you sold it to. These are regulated home buying companies that you can sell your home to knowing you have the assurance of dealing with a company approved by the Financial Services Authority. After you sell your home, you have the option to rent back or live in the home and pay rent instead of a mortgage.

Having the time to find the right home is important to those nearing retirement age. Rent back options for those who plan on retiring in a year or so are a good alternative to waiting until the last minute to sell their home because finding a buyer when you need one isn't always easy. We issue a 5 years tenancy so you can rent back for up to 5 years but can leave anytime during that period.

Property rent back options are also a good idea for those who are planning to relocate to another area to start a new job. Because job transfers are usually done quickly, you will have to sell your home and find a new one within a given amount of time. If you sell your home to a home buying company and then rent back for few months, you will not have to worry about finding a buyer, moving before finding a new home, or having to rely on temporary housing. Once you have made other plans, then you can move.

Property rent back is one option worth considering when you want to sell your home or if you need the money but don't want to move right away. Sell your home and rent it back with the sell house rent back option until you are ready to make the move. Contact us for more information on the rent back agreement.

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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