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Rent back - FAQs about our rent back option


Is a rent back arrangement affordable?

It can be. It rather depends on your expectations, the provider and the amount of secured debt on the property.

When you make your initial enquiry we will give you a number of options to choose from. You pick the one that's right for you. Getting a rental back on your own home must be affordable and all our offers are guided by that.

Our aim is to find a solution that provides you with an affordable rent and allows us to to secure the property long term for you. We use market level rents as a benchmark only.


What will you pay for my property?

Cash house buyers offer an "on demand" house buying service which is not available on the open market. We don't apply fixed discounts when formulating our rent back agreements. But we do have to factor in how long you'd like to remain in the property and the level of rent you'd find manageable.

Effectively you set the price when you give us an indication of the level of rent you'd find affordable.

The general rule of thumb is that the more we pay for your property as a percentage of open market value the higher the level of rent required to cover our costs.



Are there any minimum or maximum length of time I can stay in my property?

No. But generally rentbacks are a long term arrangement.

Vendors seeking to release equity most often enquire about a long term rent back arrangement.  Other vendors perhaps moving to a new property or relocating only require an arrangement for a period of up to a year. Most of our clients ask to stay for a period of between four and eight years - but can be longer. A common request is for families to stay until their children's education is complete.


Can I buy my property back?

Yes. You can buy your property back at market value minus a pre-agreed discount or we can fix a price today. The market value is determined by an independent RICS surveyor - your choice of firm or ours.

We also recognise that deciding to rent back your property is a big decision. We're happy to build a one year "cooling off" period into the agreement. Should you change your mind for any reason you can buy your property back at the same price we bought it from you - as long as you pay our costs. We don't think you'll find a fairer rent back offer.




Can I keep my pets?

Yes of course. In our view a rent back arrangement should be flexible. Our scheme allows pets. Although many landlords have a "no pet"  policy, as animal lovers and pet owners ourselves we take a different view.  The majority of our clients are multiple pet owners.


How much rent will I be be paying?

The exact level of rent depends on the individual nature of  your circumstances.

Most clients want to reduce their monthly outgoings -  otherwise a rent back option wouldn't be attractive.

People used to paying a fix-rate mortgage sometimes ask us to fix the level of rent for three to five years at a time. This kind of request is straightforward to accommodate.

In any event we're happy to confirm there will be "no surprises" in the level of rent you're paying from year to year.



Are there any fees involved? Or other costs I should know about?

No. We do not charge fees for any element of a rent back arrangement.

Once you become our tenant (client) we become responsible for the external maintenance of your property as well as the gas and electrical systems and repairs. Most clients ask to be allowed to do their own decorating.

All that we ask is you continue to insure the contents of the property as you would normally.


Is there any "small print" I should be aware of?

We run our business in a very open way.

The terms and conditions of our offer will be clearly spelt out in our proposal and information back.  Your prospective tenancy agreement will also be available before you decide to proceed with our proposal. In fact, we make a proforma tenancy agreement available to you at an early stage in our discussions. We also go one stage further and allow you to customise your agreement.

There are no "hidden" terms and conditions and no secrets.




Will we be secure?

All our tenancy agreements give you the right to automatically re-new them, as long as both parties (you, us) maintain our obligations under the lease.

Deciding to sell and leaseback your home creates a situation of "mutual convenience". You want somewhere to stay and we'd like our financing costs covered by the rent.


Will it still feel like my own home?

We hope so.

Unlike other landlords we want you to feel that the property is as much your own home as possible. For this reason we don't insist on using letting agents to manage our rent back properties. Our trust based system relies on both parties keeping their end of the agreement. Just like you - we're selective. After all, hopefully  we'll be together for years to come.

However you will still be protected by a standard Assured Shorthold Tenancy in England and Wales (or Short Assured Tenancy in Scotland) and covered by our property maintenance service.

If you've got a question not covered here please ask us your rent back question using the form provided. Don't forget to include your name and phone number or email address. Alternatively call us on 0800 043 0669 or submit an enquiry form.

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