A Recently Offered Scenario For A Quick House Sale And Rent Back
Below are examples of some purchase prices and rent figures that the rent back company offered recently to their clients involved in a quick sale and rent back scenario.
Example 1:
Property’s realistic market value: 100k
The rent back company offer a price of: 83k
Average rent payable in the area: £550pcm (per calendar month)
Rental charged: £500pcm
The rent back company charged their client below market rent of £500 per month which was more affordable than the £600pcm that you was originally struggling to pay for the mortgage and secured loans.
Example 2:
Another client had a similar property as the above but could only afford £400pcm. The rent back company agreed to fix the rent for two years at £400pcm to give the client time to improve your financial situation. Part of the reduced rent cost was reflected in the purchase price:
Property’s realistic market value: 100k
The rent back company offer a price of: 81k
Average rent payable in the area: £550pcm
Rental charged: £400pcm
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