Sell House Rent Back – Middle England Feels the Squeeze

Could a sell house rent back scheme be the solution to the high lifestyle costs of Middle England during the credit crunch?

When it comes to debt and house repossession, the plight of those on a less than average income is often in the news. More people who are struggling with average and less than average wages swamped by huge mortgages and escalating bills are turning to a sell house rent back scheme. But in fact, a news reports in the Times suggest it isn't just those who are on low incomes who may have to turn to sell house rent back schemes.

Sell House Rent-Back: The Middle Class Struggle

During the credit crunch a new unlikely victim is appearing: the Middle Classes. Middle England are set to suffer during the housing market slump and global credit crunch thanks to the high cost of their lifestyles and housing. They average Middle England household may have a seemingly high income, but the huge costs of their homes mean they are in more of a financially precarious situation than some may think.

Housing Market Crisis Hits Homes Hard

Although many of this class have a large amount of equity in their homes, as house prices plummet their property may no longer be the stable investment they relied on. Many people's wealth has gone into property, leaving them vulnerable to the unstable housing market. In fact, a sell house rent back scheme may be the best way of unlocking that equity allowing homeowners to reinvest the cash into a safer investment, but still giving them the opportunity to stay in their homes as tenants.

Sell House Rent Back Helps Maintain Lifestyles

Studies show that the middle classes are aware of the difficult times ahead, with three out of four homes earning over £30,000 saying they'll rein in their spending, according to a study by a leading insurance company. Although they may have above average salaries, a sell house rent back scheme may be a consideration for some weighed down by high lifestyle costs. At one point, many could treat their homes as a cash point, remortgaging and releasing equity to fund any shortfalls in income. But now the cost of debt is high and remortgages are harder to secure, leaving many households with difficult decisions to make as they struggle with debt. It's been estimated up to 90 mortgage deals a day are currently withdrawn. Some may have no choice but to opt for a sell house rent back scheme.

If you need help to get a sell house 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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