Sell and Rent Back
Are you facing financial difficulty or simply want to clear your debts? Do you want to release the equity in your home without moving out? Or perhaps you want to sell your house and stay in your property until the time is right for you to finally move on? The Cash Property Buyers have a solution for every situation.
Our Sell and Rent Back option involves selling your home quickly to a cash buyer and remaining in the property protected by an assured tenancy agreement. The length of this agreement is established before the sale takes place leaving you firmly in control.
The Sell and Rent Back option is not available when selling through an estate agent and may be suitable for the following situations:
- You are facing repossession or have
missed repayments on your mortgage.
- Unable to re-mortgage/re-finance your home due to tightening credit
conditions.
- Coming to the end of a fixed term mortgage and cant afford the
higher payments.
- You have enough equity in your home
to clear all your debts.
- Children are at local schools and you don't want to move them.
- Cannot afford DIY work needed to sell your home.
- Want to unlock the equity tied up in your house without moving.
- Want to buy your next home in cash and have the freedom to move when it suits you?
- Become chain free.
The Cash Property Buyers provide an ethical rent back service with
many very satisfied long term tenants, all whom have avoided
repossession, cleared outstanding debt and none of whom have been
evicted. We are concerned about rogue companies in operation in the UK
and are fully supporting the set up of an independent organisation (National Association of
Sell and Rent Back (NASARB)
to establish a regulated sell and rentback accreditation scheme to protect people from
being exploited. Please take care when considering a sell and rent back
option and ensure you have the following protection:
- No valuation fees
- No legal fees
- Assured tenancy agreements in place
- Beware of initial lower rental figures
- Beware of companies offering up to 90% of property value only to hold the money themselves
as deposits.
Example Sell and Rent Back deal:
Let's say your house is worth £100,000, you have a £60,000 mortgage and you are paying £650 per month in repayments:
Market value of property: £100,000
Average rental payable in area: £500
The Cash Property Buyers will offer: £83,000
Rent Charged: £450
With the above deal you will have £23,000 left over from the sale and your monthly out goings will reduce by £200 to £450 per month.
Now let's say you have just been made redundant and even if you sell your home you cannot afford £450 per month:
Market value of property: £100,000
Average rental payable in area: £500
The Cash Property Buyers will offer: £81,000
Rent Charged: £350
The important thing to remember in both examples is that you will unlock the equity in your house whilst remaining in your home.
Sell, Rent and Buy Back
You may only want the rent back option for a limited time only, but what happens when your financial situation improves? The Cash Property Buyers also provide a unique option allowing you to buy back your home at a future date at a time that suits you. Don't worry if you have sold to us at a discount, if you select the buy back option we will also offer a pre-determined discount back to you.
Here at the Cash Property Buyers we understand that everyone's situation is different and therefore will tailor the deal to suit your individual needs. Call us for free on 0800 567 7852 or fill out an on-line form to get in touch with an experienced property consultant. For your free information pack on our Sell and Rent Back Scheme please enter your details below.
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