The Blog Squad

Sell and Rent back property is when you sell your house and then rent it back at a rental price affordable to you. Typically the reasons people choose to sell and rent back property are for equity release, debt consolidation or motivated selling. In most cases, sell and rent back property schemes will have a buy back option for the tenant, at the rate of the new mortgage.

The ability to sell your house and rent it back is a viable alternative to equity release schemes, especially if there is a need to generate cash quickly. There may be a case where you are looking to start a new business and need immediate funds as start up capital

The economic slowdown has forced many homeowners into defaulting on their mortgage and has put them at risk of house repossession. IVA’s have increased year on year and debt consolidation companies has become an ever present part of the UK’s economic landscape. The advantage of selling and renting your house back, is that you are guaranteed a quick house sale and the security of a roof over your head while attempting to deal with your financial situation.