rent back

 
 
 
 
 
 

Rent Back

Rent-Back-Your-Property.com are here to help you.

Rent Back - is selling your property, a house or a flat, in order to turn your property equity into cash whilst staying and living in your property by renting it back from the new owners. This is a relatively new idea that more and more people are deciding makes sense. 

Here is a typical FAQ regarding Rent Back;
 
 
Do I qualify for help?

If you have arrears on your mortgage or are about to fall behind with your repayments then the Rent Back company might be able to assist you. Depending on the amount of secured debt on your home in relation to the valuation of the property, the Rent Back company will look at each case and aim to prevent repossession proceedings against you and your family.

 

What if I/we have an eviction notice from the court?

If you are seen to be actively trying to solve the situation by settling your secured debt a repossession order or a warrant for eviction can be suspended for a short period of time. If, in the time allowed by the court, the Rent Back company are able to assist you they will exchange contracts, complete the transaction and settle all secured debts on the property.

 

How will the Rent Back company help me/us?

The Rent Back company will purchase the property from you, pay off all loans secured on your home i.e. mortgage and any others where applicable, and rent the property back to you and your family.

 

How long does this process take?

Depending on circumstances, which vary from case to case, the process can take anywhere from 7 days to 4 weeks.

 

If my/our circumstances change can we buy the property back?

Yes. If in the future you find yourself in a financial position to purchase the property, most Rent Back companies protect your right to buy the property back from them at a discounted price.

 

How much will this service cost us?

Rent Back companies have a scale of chargeable costs dependent on the value of the property. However, all consultation, support and negotiations prior to sale of the property are without charge or obligation.

 

Will I need to seek financial or legal advice?

We would suggest you seek independent financial and legal advice before you agree to any transactions.

 

There are also other ways in you can get help. Further info 

Rent-Back-Your-Property.com
 
Rent Back: FAQ
Rent Back: Directory of property buyers
Rent Back: Case Studies
 
 

 
 
 
 
 

 
 
Because the subject of Rent Back is confusing to many people, we have prepared this text to aid you. We suggest you read this very carefully to understand the subject.
 



Sell property to Rent Back property - how Rent Back works

If you need to sell your property quickly Rent Back Your Property can help you sell it fast - no chains or estate agents need to be involved. Once you sell your property, you cease being responsible as the owner of your house or flat - but instead you are a tenant in your home - releasing the value locked in your property - the equity. The money raised is the difference between the sale price and your outstanding mortgage - it's yours to use in any way you wish, use it to solve any financial problems you may have.
 
The reasons why people sell their property to rent it back are very varied.

The instability of the property market
Many people believe that the property market may not increase indefinitely, they believe that their property may drop suddenly in value and so want to cash in on the increases in value that have been seen in recent years.

High levels of personal debt
There are currently unprecidented levels of personal debt and many people are unable to sustain this amount of debt.

Repossession or eviction due
Some people are facing extreme difficulties and falling behind with their mortgage repayments - being in arrears can lead to property being repossessed.

Relationship breakdown and divorce
When a relationship breaks down the people involved may jointly own the property and do not wish to continue being tied together in that way.

Bereavement
If someone has died it will often cause dramatic changes to the circumstances for those left behind.

Broken property selling chain
Traditional ways to sell property are fraught with conditions can which cause the sale to fall through - leaving sellers unable to carry through their plans.

Unable to sell property
There may be specific local reasons why a property is taking a long time to sell.



Selling and renting back your property for the short term, medium term or long term could be the solution to any of the situations we've mentioned here. Rent Back Your Property can help you find a fast and no non-sense solution.

If you need to sell quickly, and are not able or prepared to wait the usual time it may take for you to sell your property, or you wish to raise cash quickly without the need to move home consider contacting specialists by visiting Rent Back Your Property - where you will find the advice and information you will need. The website serves a wide range of people in very different circumstances. Anyone who needs to sell their property - whether it's a flat, apartment or house, quickly and also assist and help them stay in their home by offering to rent back the property to them. The rental of the property is setup quickly and set at a rate that is affordable.

Rent Back Your Property will help you to obtain a fair valuation for your property. The property sale and rent back will enable you to make a fresh start and Rent Back Your Property will always offer you the best advice they can. So, in summary the subject provides you with the following;

  • Achieve a quick property sale 

  • Option to rent back your property 

  • Stop repossession and eviction

  • Raise cash quickly

The companies Rent Back Your Property recommend will look into each situation and property to find the right solution for you.