What is Sell and Rent Back?

Quite Simply – A sell and rent back is when you sell the property and rent it back from the buyer at a pre-agreed rental price that is affordable to you!

Who is this Ideal For?

A sell and rent back could be ideal in the following situations:

Financial Difficulty: If you are finding it difficult to keep up mortgage payments due to reasons beyond your control (health reasons, job loss, etc). You don’t have to lose your property if you can’t keep up the mortgage payments! You will be offered a cash price to buy your property and you can carry on living in it as a tenant until you decide to move on or buy it back.

Divorce: Separation can be a very stressful and painful process to go through. More often than not, one party wishes to stay in the property due to an emotional attachment or to reduce the inconvenience this could cause to other family members. A sale and rent back may well be ideal in these scenarios.

Emigration: There are many things to worry about when you decide 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. You can sell your property quickly (within 4 weeks) and remain in it as a tenant until the time comes when you are ready to move.

Release Equity: Sell and Rent Back can also be used by people who might want to release some 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.

For more information or to arrange a free consultation, then call 0800 612 2472 or fill in the form to your right.