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Considering renting back in England?
Unsure whether a sell and rent back solution is right for you? A sell and rent back arrangement can
allow you to achieve certain goals. Want access to the equity you've
built up? Clear debts? Or perhaps reduce your outgoings?
It may seem daunting at first.
Your house is your most important asset and your home.
By renting back your
house it doesn't have to feel like you're giving up your home ...
Going down the selling to rent back
path is obviously not a step to be undertaken lightly. But renting back your home can make a
lot of sense.
Renting back in England checklist
If we can,
we'll help you keep your house your home.. What would your ideal
sell and rent back arrangement be? Long-term or short-term? Flexible?
What are your financial constraints? There are lots of things to
consider.
If you're at the early stages of
thinking about whether selling to rent back is right for you..We've
prepared a checklist to help you.
It's probably not exhaustive
but it should help you on your way.
Some of the issues covered by our renting back in England checklist list are matters strictly for your family.
Others are issues you may want to raise with providers of "sell and
rent"
services.
- Your motivation for selling and
renting back?
- Level of debt compared to your
house's value?
- Investment / financial planning
decisions?
- Short term or long term?
- Security of tenure?
- Standard tenancy
agreement (AST)?
- How much rent can you afford to
pay?
- Flexibility?
- Future rent levels?
- Maintenance / management?
- Possibility of buy back?
- DIY / Home improvement?
- Pets?
- Retirement planning?
- Family / inheritance issues?
Getting your own individual rent back plan
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