Option & Solutions

Sell & Rent Back

How would you like to release the equity from your property, payoff off all your debts, have money in the bank and continue to live in your current home? Sound Impossible? Well we make it possible for you to achieve all of this and also potentially provide you with initial rent-free periods of up to 12 months.

This reduces the stress and hassle of having to relocate to a new area and the disruption that can cause to family life.

We offer short term or long term fixed rent back periods to allow you the flexibility to resolve your current difficulties. In almost all cases your rent will be significantly less than your current mortgage payments and you’ll have cash in the bank even after paying off all your creditors.

Who Is A Sell And Rent Back Ideal For?

Everyone's needs are different and that's why we discuss your requirements first before confirming whether or not we can provide you with a sale and rent back solution. Our service could be of interest to you if your current circumstances fit one of the following:

Divorce: 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.

Equity Release: The majority of homeowners are asset-rich but cash-poor. Most of their money is tied up in their property. A home sale and rent back arrangement can help free up some of that money so you can enjoy a cash-rich and debt-free lifestyle.

Financial Difficulty: We can stop any foreclosure and help pay off creditors. When you sell a property to rent back you can pay off your mortgage and have a flexible and affordable rental rate geared to your personal circumstances. You get to keep your property and enjoy a stress-free lifestyle.

Relocation: 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 2-4 weeks) and allow you to remain in it as a tenant until the time comes when you are ready to go. If your circumstances change during the sale and all you require is just a quick sale, that is fine, we can quickly adapt to your changing circumstances.

Illness: If you are going through a medical treatment that is costly and you would like to release the equity in your property, you might struggle to re-mortgage due to perhaps a low or no income. Allowing us to buy and rent back the property to you will allow you to release the needed cash without having to leave your home.

Opting for a house sale and rent back deal on your property is a big step to take. The stakes are high -- the long-term security of your home and the happiness of your family could depend upon your decision. To help judge whether this is the right option for your circumstances we should look at the pros and cons of a house rent back arrangement.

Pros of the House Rent Back Scheme

Buy back options available
No Estate Agents commissions and Legal costs paid
No public viewings by time wasters
Immediate offers and quick hassle free cash sale
Relatively cheap equity release scheme compared to other packages available on the market

Cons of the Property Rent Back Scheme

A discounted price is often paid for your property. We typically pay 80%-85% of the property value.
No life time guarantee can be given in terms of the tenancy length, although long-term rent back is our core business and we are mainly looking for tenants who are happy to stay in the property as long as possible.

How Sell and Rent Back Works

The rent back process is very straightforward and is detailed below.

Step#1: Property Valuation. Your home needs to be valued for sale purposes. This can be arranged and a valuation given within 24 hours of request.

Step#2: Tailored Solution: Tell us about your circumstances and we'll shape a Sell and Rent Back solution that resolves your situation and gives you what you want. We can even provide you with the option to buy back your house at a future date. If you are facing repossession, our property rent back team will give you advice on how to avoid the threat.

Step#3: Rental Agreement: Following on from our discussions we will agree with you a rental term and a schedule of affordable monthly payments.

Step#4: House Sale: We agree a price for the sale of your property. The sale is normally completed within 2-4 weeks and the remainder of your mortgage paid off.