A Sell To Rent Back Scheme For Those Who Want A Breathing Space And Ease Debt Problems In One Transaction
The sell to rent back scheme can be a very viable option for those who do not know where else to turn, but it is essential to ensure that it is the right solution for your particular needs. As with any contract the terms and conditions must be looked over, fortunately the majority of those specializing in buy to rent back will make these available on their website.
A sell house and rent back scheme could give you a breathing space and ease debt problems by buying the house and then allowing you to continue living in it as a tenant. The rent would be tailored to your circumstances, which means it would be affordable and the company would give you the chance of buying back.
The good points to this scheme are that it can be completed in as little as 4 weeks from beginning to end, usually your solicitors fees are paid by the company and you will get a hassle free house sale. The downside is that the majority of companies only offer 80 per cent to 85 per cent of the true value of your home.
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