The Sell And Rent Back Scheme Offers A Neat And Convenient Solution To Many Situations
The rent back company offers a sell and rent back service where they buy your property and then rent it back to you. The rent back clients chose to sell and rent back for all sorts of personal reasons. Some clients chose to sell and rent back to enable them to become cash buyers. This means that they can find and buy a new home without the inconvenience of moving into temporary rental accommodation. More importantly, they have the advantage that they have sold their house and can effectively buy for cash. The over 50’s generation will sell and rent back as a way of releasing equity in their homes to enjoy their lives. Selling house and renting it back can be preferable to home reversionary schemes. Others chose to sell and rent back to clear their debts, to settle mortgage arrears or to stop repossession from taking place. All situations are different and the rent back company can adapt the solution to suit your individual requirements. Providing you have equity in your property the sell and rent back scheme offers a neat and convenient solution to many situations.
Q: What costs are involved in the sell house and rent back process? A: There are no charges to the rent back clients. The company pay for any valuation and survey fees and they will even pay for your solicitor fees. Q: How long does the sell and rent back process take? A: Usually it takes about 4 weeks. However, if required an agreement can be reached within 24 hours. It is rarely too late to reach an agreement although the more time there is the better the chances of a successful solution being found. Q: Can I use my own solicitor? A: Yes although where speed is required the rent back company prefer that you use their recommended solicitors. The rent back company pay for the solicitor’s fees so there is no cost consideration for you. The solicitor that the company recommend is familiar with the requirements and will help to make the process work efficiently. There is no conflict of interest as under the Law Society rules the solicitor must act in your best interests. Q: What are the terms and conditions if you become our landlord? A: The rent back company use a standard Assured Shorthold Tenancy Agreement which is the same agreement used by the majority of the lettings market. All the terms and conditions will be explained to you at the time.