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Sell and rent back. No need to move home
Sell and rent back schemes. Ideal if you want to stay in your home and release the equity.
Many property buyers offer an option where you can sell and rent back your
property. This involves selling your property, and
renting it back at an affordable rate, which means you achieve a fast house
sale without the hassles of finding a new home. Many people enjoy the benefits of selling for cash. Quickly, releasing equity and remaining in
their home. This can solve a number of
financial problems, all in one transaction.
Sell and rent back is ideal for people who:
- Want the
benefits of achieving a fast house sale, and being a cash buyer for your next purchase. If you have planned on buying a new property,
either in this country or abroad, being a cash buyer with no chain, puts you in a great position to get a discount on your new home without needing to move immediately.
- Need to
release equity from their homes to pay off loans debts or invest in a new
business. If they don't want to leave
their homes.
- Face
repossession have mounting debts in mortgage arrears etc. Sell and rent back scheme allows you to pay
off your debts without moving your home.
- Worry about
the price of property falling. By
selling quickly you can release the cash locked up in your property.
- Want to
avoid the expense of various equity release schemes? These schemes generally target older customers and
because of their long dated nature they are very difficult to calculate what the
true costs really are.
With sell and rent back, you get the best of both worlds. You get a fast quick property sale, and you also have the option to rent your property back at an affordable rate. Traders in this market must try their best to make sure that the maximum rent you pay is the market rent, but ideally less. In most cases customers end up paying a lot less than the market rate, and have extra cash to enjoy other things in life.
Unfortunately we cannot advise directly on these schemes, so you would need to seek advice from a FSA authorised firm.
Disclaimer: AC Investments are not authorised to directly advise on Sale and Rent Back (SaRB) arrangements from the 1st July 2009.
Contact Us - If you want a quick property sale
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