Sell and Rent Back
Sell and Rent back suits people for a number of different reasons. Situations can arise where you may need to sell your property quickly, to release equity, or perhaps you would like to be in a cash position to buy another house. Maybe you are suffering from financial problems and are hoping to stop repossession but remain in your home. You may even be relocating and would like the security of knowing that you have sold your home. But what if you want to stay in your property until the time is right for you to finally move on, or your financial situation is a problem for a mortgage but would be suitable for a rental? What if you want to stay in your family home? Sell and Rent Back is a scheme which may just the right option for you.
The Property Buyer Solution
The option known as 'Sell and Rent Back' simply means that we will buy your property from you and rent it back to you. This allows you to raise money by selling your house fast to us in order to pay off debts, stop repossession or to save that much needed extra money for a new home. So if you are facing repossession or wish to sell your house fast and remian in it for a certain period of time then we can help.
How will this work for Me?
We rent the property to you at market rent and you are legally protected by an Assured Shorthold Tenancy agreement - What Sell and Rent Back means is that you can rent the property for anything from 6 months with periodic tenancy allowing you to stay in your home as long as you wish. The price we offer is dependant on different factors such as type and location of your home, the condition and also the rental potential. You will still cover your bills i.e. electricity, gas, council tax, but we will be responsible for the building and any structural repairs that may need seen to.
Sell, Rent and Buy-Back Option
We also offer a 'rent and buy back' option which is useful if you are in mortgage arrears and having trouble maintaining repayments or are facing repossession. We can pre-agree a legally binding 'price contract' at which time you buy the property back at a pre-determined price - when you're ready to do so. This is a perfect opportunity for those who feel that their current financial situation is unstable but only on a temporary basis. It may suit you to stay in your home and know that when you are once again back on your feet you can buy your home back from us. So if you feel that you have "too much month left at the end of your money" please do not hesitate to contact us on 0800 0122334