Sell and Rent Back
Situations can arise where you may need to sell your property quickly, to release equity, or perhaps you would like to be in a cash position to buy another house. You may even be relocating and would like the security of knowing that you have sold your home. But what if you want to stay in your property until the time is right for you to finally move on, or your financial situation is a problem for a mortgage but would be suitable for a rental? What if you want to stay in your family home?
The Fast Cash Buyers Solution
There is an option known as 'Sell and Rent Back' which simply means we will buy your property from you and rent it back to you. This allows you to raise money by selling to us in order to pay off debts, stop repossession or to save that much needed extra money for a new home.
How will this work for me?
We rent the property to you at market rent and you are legally protected by an Assured Shorthold Tenancy agreement - What this means is that you can rent the property for anything from 6 months with periodic tenancy allowing you to stay in your home as long as you wish. The price we offer is dependant on different factors such as type and location of your home, the condition and also the rental potential. You will still cover your bills i.e. electricity, gas, council tax, but we will be responsible for the building and any structural repairs that may need seen to.