A Financial Solution for Mortgage Arrears

Falling into arrears on your mortgage is the first indication that you are on the slippery slope towards property repossession. Your lender will want to agree with you urgently on a plan for repayment of your mortgage arrears. If you are unable to find a solution then they will start the house repossession proceedings against you. Should it get to this stage then you seriously need to take some action to avoid losing your home and being evicted from the property.

Sell and Rent Back - A Financial Solution for Mortgage Arrears

Thankfully, there is a solution to this situation. You can sell your house and rent it back in order to release cash to settle your mortgage arrears, and perhaps other outstanding debts that you have. You don't have to move house and the sale won't cost you any fees.

The process is quite simple. In the first instance you will need to agree with us on how much your property is worth. We also work with you to come up with a schedule of flexible and affordable rental repayments so you can remain in your home once we have bought your property.

Providing that you have equity in your home the money received from the sale of your property goes towards paying off your mortgage and any mortgage arrears that you have accrued. The remainder is cash in the bank for you to do with what you please.

Choosing to sell your house and then rent it back can be a difficult decision to make. If you are struggling financially and you know that you won't be able to meet your lender's demands for arrears repayments, a sale and rent back agreement - perhaps with the option to buy back - really is the best option in the long-run.

Contact us today to see how we can help you sell your home and rent it back.

Two easy ways to get a no obligation offer from us.