Who should consider sell and rent back?
If you are considering sell and rent back solutions then you need to
search for a company offering to buy your home for cash and then rent back your
house to you for an affordable sum. We specialise in such solutions, our
mortgage advisers are fully qualified and registered to give you the best advice
for your situation. Beware of most sell and rent back companies
offering their services most are unregulated which is a sign to stay
clear of them as they could rail-road you into an unfair contract which
may take full advantage of your unfortunate and sometimes desperate financial
circumstances. Be aware not all companies who specialise in sell and rent
back may be unscrupulous but may are non-regulated set up to get what they can
out of you, leaving you in a vulnerable position with your new rent agreement.
A good company should have explained the sell and rent back agreement
fully to you before you decide to go ahead with the sale. Our company will
tailor the rent back agreement to suit your needs and make sure you know all the
parts of the agreement are understood before proceeding.
Why should you consider this agreement
The people sell and rent back is for;
- If you are facing problems with your mortgage repayments
- You have already fallen into arrears with the mortgage and the lender is
threatening repossession
- If you choose to sell your property and then rent it back, by doing so
you will normally have the cash to pay off the existing mortgage with the
lender and avoid repossession of your home.
- Probably pay off any credit cards or outstanding loans.
- Probably have spare cash to spend
Time scale on the sell and rent back application
From first contact our advisers should be able to give you the initial decision
and an idea of the possibility of success within 48 hours or a couple of working
days. This initial decision should give you an idea of the basic value of
your property subject to a full valuation. Firstly we would value the
property and offer you a verbal quote for how much we would buy for and how much
rent you would have to pay. This would give you an idea if you are happy
with the figures, there is no pressure at this time to agree, we leave you to
consider the next application steps. In
Scotland sell and rent back can vary.
Fill in our online form for a sell and rent back appraisal.
You could fill in an online form and within 24/48 hours we would have an idea as
to whether a sell and rental back would be a choice for you to consider.
Details supplied here will be strictly confidential!
Sell and rent back Scotland and the UK resources:
BBC report
on sell and rent back,
Citiizens advice on sell and rent back
Wordpress blog
