Selling and Renting Back Your Property

The current economic climate, particularly in the United Kingdom, when coupled with the lack of available credit is leaving much of the population feeling the pinch. Many individuals are finding it difficult to make ends meet month to month and as a result of this are looking for ways to generate additional, significant funds in the short term. It is well documented that lenders are reluctant to offer loans as they once did which leaves many looking for additional funding methods, in particular by selling their homes. But, not just selling their homes, selling and then renting them back from the buyer.

The common practise, known as sell and rent back is becoming more and more popular as a result of the aforementioned state of the UK economy. The sell and rent back companies in the UK, for the most part, operate in the same fashion. You will be offered a lump sum, cash payment for your property (usually around the market rate) and then be presented with the option of renting your property back from the buyer, again at the market rate. This is allowing people to generate large amounts of funds with little hassle and most importantly, without losing their home.

The advantages of selling your property and renting it back are simple. In a nutshell, you receive cash for your home but do not have to leave. The other advantage is that when dealing with a company offering a sell and rent back service, there are no buyer / seller chains, so you can effectively wrap up the entire sale of the property within a matter of weeks. It is because of this that the sell and rent back process is increasing in popularity dramatically and providing individuals with some much needed income during these uncertain financial times.