Facing the possibility of repossession is extremely stressful. Apart from the financial worries, the loss of your home could result in a move away from family or friends and your child's school.
Many people jump to the conclusion that their only option is to relinquish their home back to the lender, move out and buy a cheaper property elsewhere or find somewhere to rent.
But it’s not always that easy!
Once you have been the subject of a repossession you may find it hard to get another mortgage. Lenders may regard you as a potential ‘high risk’ and even a rental agency may be deterred to accept you as a tenant, if they find that you have defaulted on your mortgage payments.
Option 1: The Sell and Rent Back option
With Property Rescue there is an option that allows you to clear your debts, remain in your home and eliminate the threat of repossession. We call this scheme, sell and rent back.
With sell and rent back, Property Rescue can arrange for you to buy your home – no matter where it is or what condition it is in – and should you accept the offer, organise for you to rent it back as a tenant at an agreed rent. With the threat of repossession removed, you can start again stress free.
Option 2: The Alternative to Sell and Rent Back.
At Property Rescue we want you to make an informed choice. Whilst you can Sell and Rent Back through Property Rescue, read about the Alternative to Sell and Rent Back to make the right decision for you.
At Property Rescue, a fast house sale is never far away. Contact us for a free valuation and quick same day quick offer.
More Sell and Rent Back information
Contact us on 0800 1313 999, email info@propertyrescue.co.uk or complete an online enquiry form.
Property Rescue is a UK Based Organisation dealing with only UK Properties. If you enter into a sale and rent back agreement you are unlikely to get the market value of your home and, as a tenant, may only be able to remain there for a limited period. There may be other options available. Please ask for a key terms statement.