Mortgage Rescue Schemes

If you find yourself having financial difficulties and you are struggling with your mortgage payments each month, you could look into a mortgage rescue scheme. Mortgage rescue schemes are provided by social housing landlords, such as housing associations or your local authority. Government backed mortgage rescue schemes are also available. A sale and rent back scheme is different to a mortgage rescue scheme, as sale and rent back agreements are operated by private firms or individuals.

If you are considering a mortgage rescue scheme, you must check the terms and conditions very carefully to ensure you fully understand the agreement and how your financial situation and housing situation may be affected in the long term.

It is extremely important to find out the type of tenancy that is available to you, how long you can remain in your property and if the tenancy can be renewed. Also ask how your weekly or monthly rental payments are worked out and how often and by how much your rent will increase. Find out what your responsibilities will be as a tenant and if maintenance issues will be taken care of by your landlord.

You should look into both a mortgage rescue scheme run by social housing landlords and Government backed mortgage rescue schemes. Please be aware that you will need to meet certain criteria to be considered for these schemes.

If you are facing repossession, it is important to act quickly, so you need to look into mortgage rescue or alternatively a sell and rent back scheme, which are run by private companies, such as Rent My House Back. We have the necessary funds as well as the experience to guide you through the sell and rent back process and ensure it is the right option for you.

Also see:

Sell and rent back repossession
Sell and rent back debt
Sell and rent back process
Sell and rent back schemes

Contact us or apply online for further information about sell and rent back schemes and mortgage rescue.