With recent news that the UK government's debt has reached £799bn - or approximately 56.6% of UK GDP. Additionally, new borrowing was £13bn in June - double what it was a year ago.
Whilst these figures related to government borrowing, homeowners are also getting further into debt. For people in this situation, sell and rent back services are becoming more and more popular. In fact, being able to sell to rent your home is a very useful way to avoid repossession in the face of mounting debt. People who sell rent back have a better chance of remaining afloat than those who do nothing at all. If you need assistance, sell and rent back may be right for you.
