Through most of the year, the Bank of England shows that mortgage approvals have increased. However, that positive news is largely offset by the fact that mortgage approvals went down slightly in August and were down on last year. Meanwhile, the Land Registry reports that house prices fell by £202 in August, further suggesting a plateau of sorts has been reached.
Sell and rent back, then, continues to be a viable option for those about to lose their homes. Sell to rent options are offered by sell rent back specialists and can be a great choice for those facing repossession.
With sell and rent back, homeowners can receive cash for their homes - then rent them back as tenants.
Thanks to sell to rent, you don't have to uproot your whole life and move elsewhere. Instead, you can contact a sell rent back specialist and use a sell and rent back option to stay put. Property Rescue is vastly experienced with sell to rent and can help you avoid estate agency fees and the entire transaction can be turned around in as little as 48 hours.
For a sell rent back valuation, please give Property Rescue a call on 0800 1313 999 or email them [email protected].