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What Is Sell And Rent Back

Jan 19, 2008
Sell and rent back your home is getting more and more popular in the UK. You can do this with great ease and usually at no or low cost to yourselves. It doesn't matter about your financial situation either, whether you would like to get rid of all your debts and start afresh or release some equity and start enjoying yourself.

Sell and rent back is the opportunity for the home owner to sell their house to a company and then rent it back from them at the going rate or at a pre discussed lower rate. You would not even have to pack your bags and move out it is all sorted out via paperwork and through the solicitors with both parties being able to agree on certian terms.

In a Sell and rent back sale you will typically be selling your home for less than the market value, however there are no fees to you as an individual, all the solicitors are arranged on your behalf as well. It is a stress free process and even though you have agreed a lower price on your home the end result will be very benificial.

The advantages to taking a firm up on this offer are that many firms who participate in sell and rent back setups will be able to complete all processes in a few weeks, with none of the problems and stress that goes with selling a house. They will normally offer between 70% and 80% of the worth of the home, based on a surveyor's professional opinion.

One of the biggest things that firms who sell and rent back homes offer, though, is discretion. Neighbours won't be clued in by repossession men showing up, and there will be virtually no disruption in your lives. You'll continue living as you have before, and it can be a real blessing not to force your children to change schools.

Take a look at some of the facts and think about whether this option is the right one for you. When you are looking for good financial solutions, you need to consider every possible solution, so don't let the option to sell and rent back your house slide by.
About the Author
Before you make a decision, make sure you visit Pinewood Property Solutions for expert information on sell and rent back for a sell and rent back, option free quotation
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