What are sale-and-rent-back schemes?

Sale-and-rent-back schemes are where an individual sells their home but continues living in the property as a rent-paying tenant. This can be an ideal situation for many as it can help to ease crippling financial pressure, especially when you are struggling to pay your mortgage and find yourself in mortgage arrears.

Deciding to opt for a sale-and-lease-back scheme has become more of a common occurrence in the UK as a solution when you are looking for a quick house sale. There are many reasons as to why one may find themselves under financial pressure, this can come about after a divorce or other such unfortunate life events. It can be a particularly attractive option if a couple have split up yet decide to remain in the same house together. This can be ideal as it allows you to split the sale price of the property and give your partner the money that they are legally entitled to.

When you find yourself in the unfortunate situation where you are unable to keep up with your mortgage repayments; this can be an ideal option for you to keep your head above water and avoid having your house repossessed. Instead of losing your property to your lender you can sell your property and then rent it back from a company who specialise in buying houses quickly and allowing you to sell your house fast. The cash that you receive will allow you to pay off your secured loans or mortgages and enable you to start afresh and essentially stay in control of your own situation.

A sell and lease back scheme can also be advantageous when you wish to release the equity which is tied up in your property. Again this is becoming more and more of a common occurrence nowadays, however sell and lease back schemes are enabling people to overcome these rough patches.

As you can see there are several advantages of deciding to opt for a sale-and-rent-back scheme. National Homebuyers guarantee to make sure that the process is as quick and as hassle-free as possible. We have over a decade’s experience of buying houses for cash, so let our experience guide you, safe in the knowledge that you will soon be out of debt and free to get on with your life. So, if you are looking to unburden yourself of debt; get in touch with National Homebuyers, we guarantee make you a cash offer for your property and allow you to get on with your life!

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