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Sell and
rent back with confidence! We'll work with you to design a rent
back arrangement tailored precisely
to
your needs. An
arrangement that allows you to remain in your home as long
as you want to. It may even allow you to stay in your home on a rent
fixed at below market rates and can even include your pets.
Sell and stay. What
could be better?
Many people
readily see the advantages of accessing the equity in their home without
the disruption of a move. But we understand you may initially have limited
understanding of what's involved and have concerns about security, price
and long term affordability.
Unsure? Prospective rentback clients
can simply request a FREE sell and rent
back information pack which can be shared with family members or your
solicitor. Decisions don't get much bigger than deciding to rent back
your own home.
Worried you make make
the wrong decision? How about a "no quibble" cooling off period
that allows you to reverse your decision during the first year? Sell and
rent back with absolute confidence you've made the right decision
for you.
Sell and rent back solves
"awkward" situations
It's true these arrangements can solve a number of
different problems at
a stroke. Really too many to list here.
Enquiries are made by people facing very different situations. But if there is a common theme it's that our
clients' circumstances are somehow "awkward" or not catered for by the
traditional house selling process.
Relationship
break-up? Opting to
rent back when divorce or separation is on the cards can help make
your capital go further or provide stability for your family.
Long term illness or chronic condition? Renting back your home can take the
pressure off.
The same applies when it comes to
inherited property or
family property. But
what happens when you're selling someone else's home? Perhaps even selling
your parents' home?
A sell and rent back scheme can allow you to
sell fast and then stay put long term. If your outgoings are too high or you
have an interest only mortgage,
paying off your mortgage once and for all while remaining in your home can
obviously be attractive. For others, it
helps them step off the property ladder for a few years.
Alternatively, perhaps you want to put a halt to an endless cycle of borrowing and spending? In which case you might be considering sell and rent back as
an alternative to debt consolidation loans. It's sobering to think that people
taking out such loans have less than a 50% chance of reducing their debt.
But is it right for you?
However, at the end of the day, a sell and rent back arrangement
isn't for everyone. Sometimes an outright sale is the best course
of action for a given set of circumstances.
A sell and rent
back scheme involves more than just getting a quick cash offer and
speedy purchase. You're gaining a landlord too. We're gaining a tenant (really, a client).
You do need to consider the implications of this, not just for today, but
what this means further down the line. Essentially both parties have to
continue to meet their obligations under the pre-agreed terms and
tenancy agreement.
But it doesn't have to be a one-way agreement. It
can be reversible! You can
sell and rent back then buy back your home. The only thing we need
up front is an indication of your requirements and likely intentions.
While you'd expect us
to be positive about these arrangements we also want you
to appreciate that such a scheme is not to be undertaken lightly.
While we want your house to continue to feel
like home it's important, especially if you're "shopping around",
to develop an understanding of the
pros and cons of rent back schemes.
As sell and rent back
schemes have become more popular, they are receiving their fair share of
publicity - not unlike the
pensions or mortgage markets..
It's important to us
that clients
have the
information they need to make the most informed
decision they can. We work hard to build a relationship based on mutual
trust. After all, you could be our client for years.
Flexible
and affordable..
It's
possible to set up short or longer term rentback agreements. We do both. Essentially you can remain in your home for as long as you want to.
What's more...
We place a
significant emphasis on "affordability". You may not be tied
to a rental at "market rates". In fact where possible we prefer to set
the level of rent below the going rate.
Need a rent free
period to get back on your feet? We can do that too.
We offer arrangements throughout
England,
Scotland and
Wales. You'll also find a useful checklist on these pages which may help you decide what's best for you.
However to find best
solution for you, or to help decide whether such an arrangement will
get you what you want, it's important to understand something about
how the price of your property influences the likely level of rent.
In essence the price of your home and future rent are related. You
obviously want the best arrangement for you. But it's
also important to be realistic.
We've also included some
sell
and rent back FAQs but our information backs
go into renting back in far more detail.
Get started today
To find out more
about how we can create a solution to accommodate
your current situation just apply using our online form below or call
us free on 0800
043 0669. Your more than
welcome just to request an information pack.
A word about our
online forms. Your privacy is
important to us. Your details are completely secure. We don't sell,
share or rent your details with anyone else.
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