Owning a property is symptomatic of our emphasis on materialism and yet a rent back scheme gives you more financial freedom and shifts the emphasis from consumers to ‘sustainers’.
There are many reasons why we should reassess our attitudes to property ownership in the UK. Property ownership is equivalent to status and a sense of worth within society. Owning a home is a preoccupation of many, and for some, they will spend their lives working hard - sometimes in a job they hate - just to pay for their house. A rent back scheme offers freedom.
Rent back – Leave the anxiety behind
As well as working hard to buy, property ownership can instil an unhealthy preoccupation with property prices, mortgage rates, interest rates and other such market forces that dictate whether or not you're worse or better off in your bricks and mortar. A rent back scheme means it doesn't matter as much to you whether we're facing a housing slump or credit crunch.
Rent back, become ‘sustainers'
By renting, you are also taking a more eco-friendly step. Home ownership is symptomatic of general consumption in society. With it comes furniture, gadgets, interior design and maintenance – a rent back scheme means you are not sucked in to that mentality of consumption. As well as being more sustainable, a rent back scheme offers you more freedom to be happy. The idea that owning a property and the mass bulk of things that go with it is equal to success and happiness has been blamed on the massive rise in emotional disorders in the West. A rent back scheme could in fact give be a force for good – giving you the freedom to move, travel, or look to new horizons without feeling chained down by a mortgage and all that goes with that.
Shift in attitudes
The massive consumption in the West, shortage of affordable housing and the growing gap between the super rich and those struggling to stay afloat, means there will have to be a shift in attitudes. A rent back scheme and turning your back on home ownership could be the key to a happier lifestyle. Acting as guest editor on the Radio Four Today programme, musician Daman Albarn said the West can learn from places such as Africa where there are countries such as Mali that recycle everything of value for re-use.
"At some point in the very near future we are going to have to change our value system so dramatically, and what we deem as important and what we throw away," he said. "We need to dismantle very significant parts of our culture and really re-examine them." Ditching our obsession with home ownership with a rent back scheme, and shifting to a more sustainable approach could be the way of the future.
Rent Back with rentbackltd.co.uk
If you're caught in a financial house-trap, rentbackltd.co.uk can throw you a life-line. Rentbackltd.co.uk offers a sell and rent back scheme for those who like living where they are and want to maintain stability but are facing mortgage arrears, repossession, bankruptcy and debt or concerned financial meltdown is looming. The rent and sale scheme is an alternative to selling up and moving, allowing you to stay put and find financial solutions. Rentbackltd.co.uk will buy your home and allow you to continue living in it as a tenant. Find out more, call Rent Back Ltd. today on: 08000 255 027