You can pay off your mortgage with a sell and rent back scheme. This means you can remain in your home. It's well known that millions of homeowners are facing mortgage shortfalls because their endowment policies will be insufficient to pay off their mortgage. For some of these homeowners paying off their mortgage with a sell and rent back arrangement might be the best option - but there are a number of alternatives to consider. Your options for paying off your mortgage shortfall If you're facing a shortfall there are a number of possible options open. The route you take will depend on your available funds, attitude to risk and age. You can take out further investments with a view to using these to make up your shortfall. But better performing investments are usually associated with higher risks, so this won't suit you if you're risk averse. A better option, might be to switch your mortgage to a part repayment loan. However, for some homeowners this isn't feasible or attractive. Another option is of course to sell your home on the open market. It will have appreciated in value so it's possible you'll be able to clear your mortgage and have sufficient funds left to put a lump sum in the bank. But then you have to find somewhere else to live. The sell and rent back alternative But what if you don't want to move house? What if the sum left over is insufficient for you to buy another property? Under some circumstances paying off your mortgage with a sell and rent back arrangement is an attractive option. Sell and rent back arrangements are available through professional property companies. But not all sell rent back schemes are the same. Much depends on the investment criteria of the buyer. Some companies will only want to keep your property for a year or so, so the solution on offer is really a stay of execution. Investing in people not property We're proud to say that our "invest in people, not property" approach allows us to offer long term, family friendly sell rent back arrangements. What we mean is we can offer you a way to pay off your mortgage with a sell and rent back scheme that is a genuine alternative. Not just a stop gap. We'll fit in with your plans It would be misleading to suggest we never sell property but if you tell us about your plans we'll do our best to fall into line with you. Well, why not? It's often the case that homeowners considering sell and rent back schemes have "awkward" circumstances not well catered for by the mainstream property market. We understand this. And while you may be in a bit of a fix, that's no reason why you can't find a property company on the "same wavelength" as you. The main considerations Planning to pay off your mortgage with a sell and rent back arrangement requires a consideration of a number of different things. The level of rent you'd find affordable, how long you'd like to remain in your home and how we can work together to make sure you're house continues to feel like home. Yes of course, if you pay off your mortgage with a sell and rent back arrangement then, yes, you do become a tenant. Strictly speaking. But what's the point if you're house doesn't continue to feel like home? A two-way commitment Probably uniquely, we're happy to "customise" our tenancy agreements and leases so they meet your requirements. Of course, it's still a "legal and proper" agreement, but built around your requirements. Why do we take this unusual approach? Long term sell and rent back arrangements require a commitment from both parties over and above the legalities of the tenancy agreement itself. By taking this approach, we hope to demonstrate our commitment to you. Taking the plunge Deciding to pay off your mortgage with a sell and rent back scheme is a big step. We usually find the more people give this alternative serious consideration the more questions or queries they have. It's only natural. We'd be worried if you didn't. That's why we have an "open door" policy. Got questions - ask. Ask away. You'll always get straight, honest answers. You can kick the process off by giving us a call on 0800 043 0669 or simply complete the online form so we can contact you to have an initial chat about how you can pay off your mortgage with a sell and rent back scheme.

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