Property Rescue Blog

In this second Sell to Rent FAQ article for the Sell and Rent Back Blog, we cover three more of our most popular questions.  If you have any more questions about sell and rent back, please contact us.  We are here to help!

A new monthly survey by the DCLG (Department of Communities and Local Government) shows that property values continue to fall - but at a slower rate than in the past. This is heartening news for some; however, those who need to sell home fast are still struggling to find a sufficient way to do so.

There is more rough news for the job market in the UK, as Jaguar announced that it is axing 300 jobs from its Halewood plant on Merseyside. With more people set to lose their jobs, sell and rent back options rapidly gaining in popularity.

In this first of 2 articles about Sell and Rent back FAQ's, we've compiled our most frequetly asked Sell to Rent questions. The next Sell and Rent back FAQ article will folllow next week.

With news that the number of unemployed people over the age of 50 has increased by 50% in the last year in the UK, people could consider sell to rent options to ease their financial pain

With a minister's recent admission that the government's mortgage rescue plan has helped only six families since its implementation in January, people are turning more and more to sell and rent back options to avoid repossessions and other trouble.

Since 1 July 2009, The Sell and Rent Back Sector is now regulated by the Financial Services Authority, the same industry regulator for mortgages, banks and share trading.

There is yet more disappointing news for people around the UK; the Centre for Economics and Business Research (CEBR) have announced that more than half the jobs created in the business services sector - including jobs in the legal sector and accountancy - will be gone by 2011.

The Council of Mortgage Lenders have released the latest numbers on repossessions, and the news is still not favourable. In the UK, an estimated 65,000 repossessions will occur this year; that estimate is down by 10,000 from December, but up in actual numbers by 25,000 year on year.

With the staggering number of people predicted to be in arrears of their mortgage in 2009 - the Council of Mortgage Lenders estimates that 360,000 mortgages in the UK will be in arrears at approximately 2.5% of their outstanding balances - sell and rent back services are becoming more and more popular.