More homeowners may have to opt for a sell house rent back scheme as they wake up to the reality of the housing market.

Guardian journalist Jon Henley recently wrote a feature for the newspaper on why the Brits need to change their attitude to their bricks and mortar. The housing market is clearly tumbling, but some critics believe that this is in fact a necessary correction after the UK fell in lust with property for profit. Sell house rent back schemes are on the increase as more homeowners realise they simply can't afford to own property.

Sell House, Rent Back – No Place Like Home

Henley argues that many British people have lost their sense of houses being a home, but see them more as a financial investment. The word 'property' has overtaken the idea of home. On the continent renting is acceptable and doesn't impact on a person's status or financial stability in the same way it does in the UK. Sell house rent back schemes however are indications of how many Brits over borrowed to get onto the inflated property ladder, finding themselves in a financial fix when property prices dropped. Henley argues too many of us rely on our property to be a financial buffer, a retirement fund and an endless cash machine. But sell house rent back schemes show that in fact property can become a financial bugbear rather than a golden goose.

Rent Back – Home Ownership Difficulties

Henley believes we need to change our attitude to property. A sell house rent back scheme or simply renting may be the most financially viable option. But as we're all obsessed with property, the current thinking is that you're a 'loser' if you rent. Look at the figures though and you'll see a sell house rent back scheme could be the only viable option: house sales are at a 30-year-low, buyers are sparse with mortgage approvals down a massive 71%, one in seven homeowners are expected to be in negative equity in the next two years and repossessions are up by 24% - the equivalent of 45,000 families losing homes. It's no wonder sell house rent back schemes are facing a burst in popularity.

Renting Trend set to Hit UK

This current property crisis is seeing many victims, and not just those on the edge of poverty, but single people with a single wage who over borrowed to buy, and professionals who live in areas where property prices are extremely high. Anyone who has used their home to release equity could find themselves in financial trouble – sell house, rent back schemes are one alternative to repossession. If we all changed our obsessional greedy approach towards property, the property market may once more become accessible and sane. But Henley speculates this would take several generations to achieve. In the meantime, repossessions, sell house rent back schemes and renting are all set to boom.

Looking for a Sell House, Rent Back Scheme? Speak to Property Rescue

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.