If you need to sell your home but don’t want to move out, consider a rent back option.
With the much-forecasted credit squeeze looming, it's hardly surprising that many homeowners are thinking of selling up before things get any worse. This is especially true for those who know that higher interest rates may mean financial hardship. It's tempting to sell up and buy something cheaper as soon as possible but, in a slowing market, it can be more difficult to get that sale than you might think. What's more, you're probably not feeling too good about having to move out of your home – which is why rent back schemes could be for you.
What is a rent back scheme?
A rent back scheme allows you to sell your property to a buyer who then becomes your landlord. You rent the property from the new owner at a market rent, on a standard tenancy contract. It's a simple, straightforward process that allows you to release the cash that's tied up in your home without the hassle of moving out.
How can rent back give me peace of mind?
If you're worried that you're overstretched on your mortgage, or you or your partner is made redundant or suffers from ill health, you need to be sure that you don't get into really serious debt. Your home is likely to be your biggest asset, so it's your best chance when it comes to raising money. Rather than being stressed not only about how you will afford your current house, but how you will find somewhere to move to, and whether your family will be needlessly disrupted by the move, simply choose to rent back. Your family and your possessions don't need to move one inch – all that changes is the ownership of your home. If you just want some breathing space whilst you look for somewhere new to live, rent for 6 months; if you want to stay indefinitely, see what type of tenancy contract you can negotiate with the new buyer.
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