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Sell Rent Back Your Home
If you want to sell and rent back property, Land Property Finder have a network of reputable, Financial Services Authority (FSA) approved cash buyers who can agree to buy your home quickly.
Why sell and rent back -Is The Scheme Right For Me?
Sell and rent back property schemes are suitable where home owners:
What the above sell rent back your home scenarios all have in common is that the seller don't have to vacate their home upon selling, they simply rent the property back from the buyer for a duration of time that is suitable for their needs.
This is where Land Property Finder can help by finding you a quick cash buyer from our network of sell and rent back home contacts.
With the sale proceeds you can clear all existing loans or debts and rent the property back at an affordable rent. Some sell rent back your home scheme operators will even offer you the choice of selling your home, renting it back, with the option to buy your home back later once you have worked through any temporary financial issues. For example, if you resume employment.
Let's say for example that you have found a new job in another part of the country and you must relocate. There are no guarantees as to when you will sell your existing property to enable you to purchase a new home in your relocation area. With the sell rent back your home scheme, you can gain an instant sale but remain in your property until you are ready to relocate or have found alternative accommodation.
When you sell through a sell rent back your home scheme, expect to be made an offer at a discount to the current market value. All your legal fees including the cost of the valuation will be paid by the company, on the proviso that you use their recommended solicitor. This does not prevent you however from instructing your own solicitor. You will need to check with the sell & rent back scheme whether they will still cover legal costs in this event.
Do note that should you change your mind about selling, any fees incurred by the sell and rent back property scheme, - legal and otherwise will be charged to you.
FSA approved sell and rent back companies must confirm in writing to you, the terms and conditions when you sell your home and rent it back. This will include how long you wish to rent the property for, the agreed monthly rent and future rent reviews/ rent increases.
Any rent charged should be the market rent - no higher. However, since the market rent is generally less than the average repayment mortgage, you may well find that your rent is more affordable to a lesser or greater degree, depending on the amount of mortgage you were previously paying.
In some instances lower, affordable rent can be agreed with the sell and rent back company, however, this will largely depend on your circumstances. The most important thing to remember is that sell & rent back service providers can and will be flexible - just ask for what will work best for you!
A standard Assured Shorthold Tenancy Agreement (AST) will set out the terms. AST's usually run for six months duration at a time but are renewable for as long as you have stated you want to remain in the property.
As with all rental agreements, it is your responsibility to ensure you meet the sell house and rent back terms and conditions set out in the AST agreement. Just because you once owned your home does not give you any special privileges over any other tenant on an AST. Be sure to request a copy of the terms and conditions when you sell your home and rent it.
On a final note, when you use any of the sell rent back your home schemes recommended by Land Property Finder, you can expect the utmost discretion. We work only with companies that are sensitive to the needs of our visitors. There will be no advertisement of your property, - no 'for sale' or 'sold' boards, telling the world your business. It is your business and we keep it that way.
If you are interested in selling and renting back your home, Land Property Finder are aware of a number of FSA regulated companies operating a sell house and rent back services. We can put you in direct contact with these scheme operators.
Simply complete the Sell Rent Back Your Home Enquiry Form below and Land Property Finder will ensure your query is responded to promptly and discreetly.
Alternatively, if you prefer you can call Land Property Finder for a quick chat and to arrange your free valuation: 08452712846
You Might Be Interested In The Following Sell And Rent Back Articles:
What Is Sell And Rent Back?
Sell House And Rent Back - A Perfect Solution?
Why Sell And Rent Back?
Sell And Rent Back Property Faq's
Property and Land Wanted
Do you own well-located land or property? Land Property Finder want to hear from you! We can help you attain the best value for your land, via our network of professional developers, land buyers and self-builders.
Simply complete the FREE no obligation land selling enquiry form. Alternatively, you may call us if you prefer (local rates apply) on:
The content on this site is purely for information purposes only and is not intended to replace your seeking professional financial and legal advice from regulated professionals before you make any land and property investment decisions. You must always carry out your own research and due diligence on any land or property you intend purchasing from any third party. Please note, we are not estate agents. We simply put you in contact with sellers/buyers
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