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Sell to rent in Scotland?
Possibly? We're here to help you keep your
Scottish house your home. The information here is intended to help you decide
whether renting back might be for you, and whether we'd be right for
each other. After all, we could be with each other for years!

We're in this for the long haul, and
recognise people worry about certain aspects of switching from
being a property owner to a tenant (our client). The prospect of this change may seem daunting at first.
Your house is your most important asset
and you won't want to give it up lightly.
But perhaps even more importantly, it's your home.
And, even if you've been a tenant in the past, you're unlikely to have done this before.
And just in case you'd like to buy your
house back, our sell to rent in Scotland arrangements are reversible.
Just let is know up front you'd like to us to include a buy back
option.

Naturally you'll have lots of
questions. The more you think about the sell to rent in Scotland option the more questions you'll
have. And that's a good thing.
We're here to answer all your questions.
Your biggest concerns - the
heart of the matter
When people speak to us about the sell
to rent in Scotland option they generally have two issues uppermost in
their minds. Not always, but more often than not. How long can they
stay and the level of rent they'll be paying
(oh, and can their pets stay too). Understandably so.
We have no hard and fast rules about
the length of time we'll keep a property. In fact, we don't look at the
length of our arrangement with you in these terms at all. We have a
long-term outlook on our business and have no hard and fast rules.
To know how best to design a
"hand-made" sell to rent arrangement for you the first
questions we ask are what are your plans, and how long do you want to
stay? This is reflected in our
number one concern. Will you make good client?

Yes, we have concerns too. Ultimately
sell to rent in Scotland is about people, not property.
We know not
every property company thinks like this but we do. We'll
happily juggle figures around for people we think will be good long term
clients, as long as the arrangement is affordable for both parties.
Affordability really goes to the heart of whether a rent back
arrangement works for both parties.
You can
read more on our general approach to sell and rent back including sell to
rent in Scotland.
The level of rent you pay is
entirely up to you. This may seem a strange thing to say but it's
true. The only thing you have to bear in mind is that the rent
ideally should cover the cost of financing the property. Put another way, the
purchase price of the property (our costs) are always related to the
rent. So if you sell to rent in Scotland with us you (effectively) set the level of
rent when you agree the purchase price.
If you sell to rent
in Scotland it can appear you're giving up your
home but it doesn't have to feel like that...
When people call us, admitting they're
apprehensive about taking the sell to rent route, we generally tell
them they should be! It's not a step to be undertaken lightly.
But renting back your home can make a
lot of sense.
If you're at the early stages of
thinking about whether selling to rent back is right for you..We've
prepared a list of the considerations to help you.
We admit it's probably not exhaustive
but it should help you on your way if you're planning to find out more
about whether selling to rent back is right for you.
Sell
to rent in Scotland - considerations
Some of the issues covered in our list are matters strictly for your family.
Others are issues you may want to raise with providers of rent back
services.
- Your motivation?
- Level of secured and unsecured
debt?
- Estimated house value?
- Investment / financial planning
decisions?
- Short term or long term?
- Security of tenure?
- Impact of changes to your income
- Standard Scottish tenancy
agreement (SAT)?
- Affordable rent?
- Flexibility?
- Future rent levels?
- Maintenance / management?
- Possibility of buy back?
- DIY / Home improvement?
- Pets?
- Retirement planning?
- Inheritance / family issues?
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