Sell, rent-back schemes offer one way of coping with the escalating cost of living.
Sell, rent-back schemes offer homeowners struggling with the rising cost of living an opportunity to release any equity tied up in their homes, stay put, and minimise financial stress. The escalating cost of bills, fuel, mortgage repayments and clothes are all set to hit the nation's purse strings hard. For those struggling with higher mortgage repayments as they come to the end of their more competitive fixed-rate deals, a sell rent-back scheme could work out to be cheaper on a month-by-month basis. For some struggling with debts, a sell rent-back scheme could even save them from the threat of house repossession.
Sell, Rent-Back: The Summer of Inflation
Summer is usually a time of sun and relaxation, a chance to be care-free. But increasingly, this summer is shaping up to be a time of anxiety as money worries are set to increase. A recent report says the cost of living is due to surge, creating more misery for the already cash-strapped homeowners dubbed the 'coping classes'. Bills are already steadily rising, but the announcement that gas prices are hitting record levels as a result of the spiralling cost of oil could lead to a fuel price increase of 30%. Sell, rent-back schemes are rescue lines for those families who know a hike in their outgoings would be enough to leave them indebted, struggling to meet their mortgage repayments. Sell, rent-back schemes offer a chance to stay in the family home and side-step the repossession risk.
Rent Back Schemes – Fixing Financial Meltdown
As well as the soaring cost of energy, the cost of raw materials for manufacturers is also impacting on industry and consumers. The bleak news means interest rates will in all likelihood remain high, impacting on mortgage repayments and the cost of debt. Sell rent-back schemes offer a chance to escape being locked into expensive mortgages that seems destined to lead thousands of householders into financial meltdown.
Sell, Rent Back: Release Cash
Manufacturers say the cost of production has risen by 8.9% in the past year, meaning the cost of goods will shoot up as they can no longer absorb the increases. The cost of food, clothes and other consumables are all expected to rise. In addition the next domestic fuel rise is on the cards – a brutal 38% rise is expected. For those already walking a financial tightrope, a sell rent-back scheme could be the only way to continue a reasonable lifestyle.
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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