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We can help with a “sale and rent back” option which will enable you to continue to live in your house.
What is Sell and Rent Back?
Simply put,
Customers sell their house to one of our FSA authorised buyers, who have interim permission for regulated Sale and Rent Back activities, you then rent the house back at an agreed rate.
Selling your house and renting it back will enable you to pay off any escalating late payments without having to go looking for somewhere else to live. This may also allow mortgage debts to be cleared and enables borrowers to stay in their home.
Furthermore, choosing our highly reputable partner services, we will not leave you in the hands of any unscrupulous landlords who are not unknown to threaten eviction at the end of a 6 month contract.
Our Partners within our network will ensure that the best option for you individually is taken into consideration. Over the past years there has been a lot of uncertainty within the SRB market – and as a result, and as of July 2009, The FSA will be regulating this market, we will ensure that we will ONLY pass your details on to our FSA authorised buyers, who have interim permission for regulated Sale and Rent Back activities. Our buyers ensure that both ethical and correct business practices are maintained and carried out – as laid out by the FSA
Selling your property the "normal" way, is a trade off between price and time. The whole process typically takes up to 6- 12 months, and while you may receive slightly higher valuation, you are exposed to legal fees, estate agents fees, surveys and further mortgage payments.
Selling your property to one our Network partners creates a win - win situation, the buyer gains a responsible tenant and you benefit from a fast uncomplicated sale, possibly releasing cash to use as you wish.
Sell and Rent Back can also be used by some 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.
Our Network of Property Partners are leaders in providing a competitive sale and rent back scheme, allowing home owners to sell and stay to avoid losing their homes if threatened with repossession – or for whatever other reason that may present itself. Our client’s testimonials reflect the fact that we excel in what we do!
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