Long term illness can bring with it financial difficulties. Being unable to work, particularly if you have a young family, is bound to present problems and for some, those problems turn into a crisis.
Make sure you know about the benefits to which you are entitled and get advice from the Citizens Advice Bureau or one of the specialist agencies that exist to help people in your situation. If you are finding it hard or perhaps impossible to meet your mortgage repayments, you should talk to your mortgage lender to explain the situation if you haven’t already done so. They are very likely to be sympathetic and will want to help if at all possible.
But if your illness is likely to go for a long time, or you have been diagnosed with a permanent illness or disability that will make it impossible for you to return to your job, then you need to consider the future. Selling your home is just one option but it might give you the flexibility you need at this time.
Property Rescue offers two solutions:
- They guarantee to make an offer for your home. If you accept their offer you can sell up quickly and use the money from the proceeds of the sale, once your mortgage and loans have been paid off, to downsize or move into a rented property if you wish. The sale will take place in the timescale that suits you – very quickly if necessary – and everything will be done in complete confidence.
- The ‘Sell and Rent Back’ scheme means that you sell your home to Property Rescue, pay off your mortgage and/or other debts, and the balance goes straight into your bank account. You stay in your home but as tenant rather than owner. Property Rescue draw up a tenancy agreement and you will have all the rights conveyed to you by law as a tenant in a property owned by someone else. This gives you the ability to stay put, keep your family secure and yet have a nest egg for the future.
Property Rescue will be pleased to explain the options to you in detail and make an offer for your home. Contact us to find out more.