Rent Back - The Cost of Divorce

Rent back schemes are increasingly popular ways for separated couples to cope with the often drastic change in finances.

It seems every week there's a new high profile celebrity divorce. And their wrangling over who gets how many millions must be galling for the thousands of couples who face uncertain financial futures after a split. Rent back schemes are increasingly popular for people who want to stay in the family home but can no longer afford the mortgage. Rent back schemes may suit some ex-couples who were used to a dual income but are left with a much reduced budget after the split. Rent back schemes may also be a financial solution for those couples with children. Keeping children in their family home is beneficial emotionally. It offers a sense of stability and continuation. It also means they can stay in their schools, near their friends and neighbours, causing minimum upset and disruption.

Rent Back Schemes offer Speedy Solution

Rent back schemes mean a property rescue company will buy your home and let you rent back the property as a legal tenant. Rent back schemes then offer a way out for those who don't want to leave a home they've built up over the years, but do want to release equity in the property or escape an expensive mortgage. Rent back schemes then offer solutions for couples who want a speedy solution without having the upheaval and stress of moving home.

Rent Back v. the Celebrity Millions

For celebrities, it's more a question of who gets what property, rather than the financial misery the average divorcee faces. In recent months, former Baywatch star David Hasselhoff agreed to pay his ex £12,527 a month in support, as well as joint ownership of their home, division of the family cars, bank accounts and Hasselhoff's pension. Rent back schemes are the last thing on their mind! In the case of fellow Thespian Bill Murray's ex-wife has filed for divorce over claims that he abused her and is addicted to alcohol and marijuana. Despite signing a prenuptial agreement, Murray still agreed to pay his ex-wife $7 million.

Rent Back Schemes offer Quick Way Out

But for the majority of people on an average wage going through a divorce, money can be a major issue – it isn't just about who gets what luxuries, but whether or not you can hold onto your home. Rent back schemes offer a way out for many divorcing couples looking for a speedy solution to an often highly charged situation.

If you need help to get a sell rent back scheme for your property, contact us at Property Rescue. We’re committed to helping you, whatever your circumstances. Property Rescue has helped hundreds of homeowners, rescuing them from desperate situations. With Property Rescue you can rent back with confidence.

Call freephone 0800 1313 999 for help today.

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