Sell and Rent Back Schemes

How does it work?
As the name suggests, the scheme allows you to sell your home and then rent it back.

Advantages:
• You don’t have to move from your beloved family home
• Have a legally binding tenancy agreement that is in accordance with the FSA’s guidelines
• You have the option to buy back your home if you chose
• Prevent your home being repossessed
• Stop accumulating debts
• A quick and easy process
• A discreet process – you don’t have to tell your friends or neighbours

Disadvantages:
• You sell your property for less than its worth on the market, losing a vast amount of money
• The schemes are regulated but there is no guarantee on the length of the tenancy or the price of the rent once the guarantee period expires