CCart Studio Blog

How Is The Rent Back My Property’s Sell And Rent Back Property System Different?

March 3rd, 2008

The rent back company realised that the temporary fixes available to UK home sellers left much to be desired in terms of financial sustainability and housing issues. Releasing house equity, for many homeowners, was simply too risky.

Equity release is often an effective way of reducing debt and freeing up much-needed funds – for a myriad of reasons. However, when the process is inflexible, costly and ultimately risky, it can create more problems than it solves, resulting in an even worse financial predicament months or years down the line.

It is for this reason that the rent back company devised the Sell and Rent Back Property solution, an innovative equity release program that will free up the cash value of your property and still allow you to remain as a tenant in your house. There are several benefits to this type of scheme: Not only will you be able to settle your debts, start up a new business or pay your children’s tuition fees, but you would not have to move out of your house as result. The rent back company will buy your house from you, pay you out in cash, and then rent back the house to you at an average market rate. Surely, you may need to set a certain percentage of the lump sum aside in order to cover your rental payments, but you will be able to solve your financial worries without incurring more debt or packing a single bag.

Entry Filed under: Business