Sell and rent back for divorce or separation? A relationship break-up, particularly when it comes late in life, can leave you reeling. One of your practical priorities is likely to be sorting out your accommodation requirements. But what do you do for the best when looking at the prospect of financing two homes? Or face the prospect of an unwanted move?   Sell And Rent Back - Bridging The Gap After Divorce or Separation In an ideal world both parties will want a quick and amicable settlement. When it comes to deciding what to do with the family home, things aren't always straightforward. If there are children involved, everyone will be working hard to ensure minimal disruption for them. Opting to sell and rent back when divorce or separation lurks round the corner, can "bridge the gap" especially when other factors come into play such as interest only mortgages, age, or schools. In many cases the best option is to make a clean break of things by selling the family home through an estate agent (or solicitors in Scotland). By selling on the open market you'll get the best possible price even if you have to wait a few months for the sale to go through. Selling this way allows you to maximise the proceeds from the sale - which can be critical when your capital has to be divided up between two parties. But what do you do when one party has a strong preference for remaining in the family home? Or when your financial circumstances are such that funding two homes is likely to be problematic? Or when your age prevents you from taking on a new mortgage? An alternative option is to sell and rent back when divorce or separation is on the cards. Simply stated, a sell and rent back scheme can make your capital stretch much further when one home has to become two. A relationship break-up usually spells disruption. Using a sell and rent back scheme if divorce or separation is inevitable may also bring some much needed stability. The emotional pull of home can be very strong when "starting over".  What's more, if you're having to make decisions quickly a rent back arrangement can be "reversible" for additional peace of mind. This allows you to buy your property back. It's Never Too Late For A Fresh Start It's no surprise to us that clients decide to sell and rent back when divorce or separation comes late in life. Or when one party needs access to capital after many years of separation. Sell and rent back avoids the grim reality and uncertainty of renting on the open market. Even if you can afford to buy two smaller properties you may not wish to tie-up all your capital. There are other benefits too. You'll be able to sort your finances out much quicker than you would selling on the open market and the rent you pay may be less than market rates. And unlike a commercial landlord, we're committed to meeting  clients' long-term accommodation needs. In fact, we'd like you to continue to feel (and treat) your house as home. It's a lot to think about at once - sell and rent back and divorce or separation. But if it allows one party to continue to enjoy the family home - it might be ideal if there's unlikely to be sufficient proceeds to put towards two new properties or if you are tied to the local area for work or schools. Accommodation choices in the local area may be limited or prohibitively expensive. Whether it's advantageous for you to go down the route of sell and rent back for divorce or separation related reasons only you can decide. To a large degree it depends on your motivations and circumstances. That's why, to help us help you evaluate the alternatives open to you, we need to build up a picture of your circumstances. We have an "open door" approach. If you'd like to have an initial, informal chat about how sell and rent back after divorce or separation might help you get a fresh start call us on 0800 043 0669. Alternatively, complete the form below.

Sell And Rent Back

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