Although banks remain very cautious about lending in the midst of a major recession, a deposit of 10% to 20% will help you find deals. Credit history is more critical than ever, as are employment and earnings.
Those struggling to make ends meet in their current mortgages, though, should consider sell to rent options. Under those circumstances, they can sell and rent back their home and stave off repossession. Sell rent back agencies can assist homeowners, getting them instant, easy access to cash.
By signing on with a sell to rent option through a sell rent back agency, you can remain in your own home; as a tenant, you will pay rent and won't have to relocate. Many people in the UK are using sell to rent these days, as it offers many great benefits. When you sell and rent back your home, you can steer clear of estate agency fees and avoid many legal fees as well. You get cash super fast, which allows you to catch up on other bills - a win-win situation.
For a sell rent back valuation, please contact Property Rescue on 0800 1313 999 or email them [email protected].