How the Sale and Rent Back Process Works

It always helps to understand how the sell and rent back process works and if it something which can help you.

Firstly you will need to find a company who can help you with your sell and rent back needs. The Sell and Rent Back industry is now regulated by the Financial Services Authority (FSA) to safeguard you, and by choosing Rent My House Back you can rest assured that we are authorised and regulated by the FSA. You can contact Rent My House Back by completing our on-line form, or by telephone. Either way, it will be necessary to provide further information on your situation and details of the property you wish to sell and rent back, to enable us to give you a more accurate indication of the value of your house and the rental value.

If you choose to go ahead with a sale and rent back option, we will instruct a RICS (Royal Institute of Chartered Surveyors) surveyor to provide a more detailed inspection and therefore more accurate valuation of your property. Rent My House Back will not charge you for this service and you are still under no obligation to go ahead with the sale of your home.

Once you have received the confirmed offer and the proposed monthly rent of your home, you will be given a 14 day cooling off period, to give you time to fully understand if this plan is suitable for your needs. If you decide that sell and rent back is the right choice for you, you will need to sign your copies of the contract to make the transaction official. Rent My House Back can then proceed with the sale, which normally takes around 3-4 weeks to complete. On completion date, you simply continue living in your home.

The sell and rent back process is short and simple and requires minimal effort from you. Rent My House Back will also cover your legal fees or offer you a contribution towards a solicitor of your choice.

Also see:

Sale and rent back about us
Sale and rent back FSA
Sale and rent back rental agreement
Sale and rent back debt

Contact us or apply online for further information on how the sale and rent back process works.