You need to sell your home, but I don't want to move?

A relatively new player in the field of home recovery is ' sell and rent back '. This product enables people at risk of repossession sell their house and then rent it back from the company's new owner, which means you don't have to move. Children can stay in their current school, you can keep your community and stay close to your friends. Sell and rent back can be the answer for some householders.

Without cost, chains or stress. It couldn't be easier. Or could it?

Sell and rent back is heavily marketed at this time as a great solution to the problems of getting home. Also if you want to sell your home and renounce all claims to property, you can stay there so familiar disruption is minimized. This is not for everyone but, depending on individual circumstances, can help facilitate your situation.

Avoiding all the usual taxes and charges

Sell and rent back allows you to release the equity in your home. In this way you avoid all the usual costs and taxes, as the agreement includes all costs of purchase of your home and rent it back to you. So you save thousands of pounds on taxes, real estate agents, HIP cost and burden of investigation. And even if you don't have to pay legal expenses, you still have your own attorney to represent you.

You get a long lease renewable

Many cash for homes providers grant a lease of ten years renewable, or certain shorthold tenancy, leasing of private accommodation United Kingdom standards. Under the lease, you will be allowed to rent your House back for at least a decade if you want, sometimes longer if you negotiate.

Get the market value of 100% for your home

Sell rent back can give the full market value 100% very rarely. Many agreements give at least 30% less than market value of your home. Most vendors to pay a lump sum, usually about 70% of the sum agreed upon, after the completion of the sale. The remaining 30% is given back to you when you lease ends.

Sell and rent back to become a tenant in your old House

After the completion of the company will give a 10 year lease short wait is insured '.




Mark Jenkins is a writer for HouseRepossession.co.uk. Please visit for more guidance on how to find remortgage deals, retrieving and House Quick property sales.