Sell Then Rent Back - Untenable Finances

According to research from the Citizen’s Advice Bureau, those homeowners coming off fixed rate mortgages in the second half of 2008 will need to find considerable extra income or face the very real threat of having their real property repossessed. Unfortunately, however, large numbers of homeowners are discovering that this simply isn’t financially viable and they are falling deeper and deeper into debt. In order to address the situation, the number of homeowners seeking out sell then rent back schemes is set to soar as this may well be the ideal solution to their financial situation. A sell then rent back scheme not only instantly stops house repossession proceedings, it also rapidly releases the equity which is tied up in the home, which can be used to tackle debt management problems and it also ensures that disruption is kept to a minimum by allowing the homeowner to continue to rent the property back once the house sale has been completed.