In simple terms, sell and rent back means you sell the property to the buyer and instead of relocating to another house you stay in the same house but as a tenant at an agreed rental price that you can afford. People generally plan to sell their house when they face certain problems like financial difficulty, Divorce, Emigration and Release Equity. Financial difficulties arise when a person is not in a position to pay mortgage amount on time. Mortgage problems arise due to job loss, health reasons, high interest rates etc. There is a solution to your problem. You can sell your property for cash to a specialist company and live in the same house as tenant.

People take divorce as they can’t get along well. Separation is a very painful process. In Divorce situation, couples plan to sell the house. But due to emotional attachment or reduce inconvenience one party decides to stay in the same property. A sell and rent back may be ideal in these situations. People who are planning to Emigrate may face the problem of selling their house fast. This may be a stress factor for them. The best solution would be to sell the house quickly to a specialist company and stay in the same house as a tenant till the time comes when they have to leave. Some people want to release equity for future purpose like starting business overseas or want to emigrate somewhere else. It may take some months if they sell their property through a broker. It would be best if they choose sell and rent back option.

If you are planning to sell the property to a specialist company they will find out worth of the property. They will find out what is the average rental figure in your area. The maximum rent that you can afford, which may or may not be as high as the average rent. Once the specialist companies have done their analysis they will find out if the package suits them and then discuss the figures with you over the phone. If you like their offer they will visit your property. It is not important that you accept their offer at this stage. Specialist Company will see your property and if they are happy with it they will confirm your offer. If you have any questions to be answered they will be ready to help you. If you decide to sell and rent back then Specialist Company will handle all the paperwork to you. It would be better if you appoint solicitor who will work on your behalf. The sale will take about four weeks from the time you accept the offer.



Sell and Rent Back

Sell and rent back scheme is a tax-free scheme, which allows you to release the equity, tied up in your property without having to move out.  When you sell your home to a house sales specialist you can join their rent back scheme.  This allows you to remain in your home for as long as you wish but as tenants rather than owners.

Rent Back Schemes are ideal if you find your self in any of the following circumstances:

Retirement – if you have reached retirement or are planning to retire and want to release the equity that has built up in your home, so you can enjoy retirement, but don’t wish to move. This will be an ideal scheme for you and you will always be given the opportunity to buy back later at a pre-agreed price if you want to.

Financial Difficulty -If you are having difficulties trying to keep up repayments on loans or your mortgages a house sales specialist will be able to help. They will quickly buy the property from you giving you a cash sale and allow you to remain as tenants at a rent you can manage to pay. They can even stop repossessions, right up to the very last minute, if your home is at risk and allow you and your family to stay in your home. If the financial problems are just a temporary set back, again they can agree to sell your home back to you at a pre agreed price, in the future, if your circumstances change.

Emigration - If you are planning to sell up so that you can move away. You will find that you have enough things to worry over without having to be concerned about broken chains, deferred sales or sales falling through. A house sales specialist can buy your property quickly from you and allow you to stay as a rent-paying tenant until you have made all your preparations and are ready to go to your new home.

If for some reason you decide not to move on and want to stay after the sale you will be welcome to stay as our tenant or you will be given the opportunity to buy back your home.

You may also decide to sell and rent back if you have health problems and want to fund an operation, divorce or separation, or even if you are a landlord who has problem tenants. If you have a commercial property and wish to release equity a house sales specialist can offer you a similar deal so that you can sell, rent back and still run your business.

When I discussed the possibility of these schemes with company operating in this manner in Leicester, An Instant Sale, I was told that selling in this manner is quick and discreet and the your friends, family and neighbours will be none the wiser, unless you tell them.

The rent is set in line with current market rents; you can fix the rent and the term. They pay for your buildings insurance, and a Corgi registered engineer will service your boiler each year.



Repossession