Why Do Houseowners Sell and Rentback Their Houses?

Ideally, we would sell our house when we were ready to move on, obtaining the best possible price for our home through the open market and then arranging the purchase of a new home shortly thereafter. We would then have the time to adjust to our new circumstances and plan for our futures. Life, however, does not always play out quite so smoothly, and when unforeseen circumstances arise, we need other options.

The cash we have tied up in our homes is probably the greatest cash resource that most of us will ever have access to, and yet, whilst the financial markets are awash with equity release schemes, many existing homeowners are not eligible to apply for them. Even if they were, it would take so long to make the required arrangements that it would not be worth going ahead.

Our sell rent back scheme not only represents a fast alternative to other equity release schemes, but it also allows you to continue living in your home for as long as you wish, during which time you have the opportunity to make alternative living arrangements, save for your future or re-establish your credit rating. Whilst other schemes might free up your cash quickly, they still leave you with all of the inconvenience, upset and immediate expense associated with finding another home and moving house. The sell and rent back scheme, on the other hand, allows you to receive a cash lump sum for your property, to do with as you please, whilst remaining in your home as a tenant and paying rent at the equivalent value for similar properties in your area.

The sell rent back option proven to be a very effective solution in many different circumstances, not all of which stem from financial difficulties. The scheme also helps those wanting to simply improve their quality of life. sell rent back their houses~Then why do people sell rent back their houses~Then why do people sell rent back their homes~Why would a homeowner then consider sell and rent back~What are the main reasons homeowners consider sell and rent back options}?

1. To enable repayment of debt or mortgage arrears
2. To prevent repossession
3. To help during period of unemployment
4. To allow effective planning for emigration
5. To allow one partner to remain in the family home in the case of divorce
6. To release funds to compensate for the devaluation of pensions
7. To release funds for major expenses such your childrens university or unexpected medical bills
8. Release funds for better quality of life in old age