There are a growing number of companies who are offering sell and rent back schemes to overstretched home-owners, and it seems like the perfect solution, so why the negative press?
The sell and rent back schemes currently being offered by so many property companies can help to save family homes, so why has there been negative media surrounding it all? These corporations are giving people the opportunity to avoid repossession by selling up and renting back. The harsh reality is that without such an opportunity, families would have their houses taken away. But it is true that there are some organisations that are more trustworthy than others. Services and approach will vary with each company, so you need to find one that you can trust.
Sell and rent back schemes purchase homes for less than the market value and they will usually cover all legal fees. They will then rent the house back to you at the original market rent. The cash that you receive in the sale agreement can then be used to settle outstanding debts and you get to keep your residence throughout the process.
What Should You Do?
The biggest drawback is that your property will be sold for much less than it is worth, and you will be spending more money in the long run – and this is what the media has focused on. But if you are facing a repossession order and you are left with no other options, a sell and rent back scheme is probably your only avenue, and you need to accept that you won't be getting the full price for your house.
The advantage is that you will not have to lose your home, you don't have the stress of moving, and you will not have to uproot the entire family. These services are often extremely discreet so your neighbours will not have to know what is going on. All matters are confidential and these processes usually happen very quickly. Most of these companies can handle the entire sale within one working week, and all legal documents and bills will all be taken care of.
A Sell and Rent Back Company You Can Trust
Create Quick Sale has 25 years of experience in buying property and are part of a large group that is also involved in secured finance, property development, asset management, private equity and other investments all over the world.
Their extensive portfolio makes them extremely qualified to handle your requirements in the face of adversity, and will exceed all expectations when it comes to customer service and advice. Create Quick Sale has the contacts and financial stability to provide very quick sales.
Sell and rent back in 24 hours – call 0800 822 32 22 now for advice.