Sell, rent back schemes may be an option if your finances are trapped in a plummeting housing market.
Sell rent back schemes could increase as house builders specialising in new builds are going to extraordinary lengths to catch the dwindling number of home buyers. Sell rent back schemes basically allow existing home owners to cash in on their home by selling to a property rescue company. The sell, rent back schemes mean they can stay in the family home as legal tenants. For many, the option is preferable if they are in financial difficulty and need a lump sum to pay off debt, or are concerned about the risks of repossession.
Sell, Rent Back – Rock and a Hard Place
Many home owners are finding themselves in an impossible situation. As house prices plummet and buyers dry up, an increasing number of households are stuck in a housing rut. And you don't need to be made redundant to be a victim of the credit crunch or vulnerable to sell, rent back schemes. The huge increase in the cost of living, from food bills, fuel bills, petrol and utility bills is impacting on average incomes. So much so, that many household incomes are being outstripped by their outgoings. A sell, rent back scheme could be the only way to close the financial gap.
Sell, Rent Back as Developers Target Buyers
Another reason sell, rent back schemes could be an increasingly attractive option is the fact that buyers simply aren't buying. The flexibility of property rescue firms means you have the option for a fast cash sale if you simply can't afford to wait for months and months for a buyer, or you need to move quickly. You can also benefit from the release of equity with a fast cash sale and stay put and rent. If you are holding out for the dream buyer to appear, you could be taking a huge financial gamble. The few buyers that are buying are negotiating massive reductions in property prices as they know many sellers are in vulnerable positions. They are also being inundated with sweeteners and offers from house builders and developers desperate to sell their investments. A sell rent back scheme could seem attractive when you consider that buyers are being lulled away from buying on the housing market with cut price offers of up to 40% on new builds. House builders hit hard by the credit crunch are going the extra mile to persuade the few buyers out there to buy from them with incredible incentives such as a free Vauxhall Corsa, utility bills paid for five years, or ?8,000 in cash.
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.
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