Once you have made the decision to sell and rent back your home, it may be helpful for you to understand how the entire sale and rent back process works. So you know what you can expect from us, we have broken down the steps of our sale and rent back process. Alternatively, you can telephone or email us today and we will be happy to provide advice on our sell and rent back scheme and answer any concerns or questions you may have.
Please note we are currently not entering into new sale and rent back transactions until further notice. If you are an existing sale and rent back customer, please feel free to contact us on 01245 225642.
If you enter into a sale and rent back agreement you are unlikely to get the market value of your home and, as a tenant, may only be able to remain there for a limited period. There may be other options available. Please ask for a key terms statement.
Our sell and rent back property guide
1. Our experienced advisers will discuss your situation and requirements, and help you with any questions you may have. We will ask you for further information regarding the property you wish to sell and rent back so we can provide you with a guide offer for your house. We will also give you an indication as to the current market rental value of your home.
2. We will then arrange a meeting to go through your sale and rent back options in more detail, and to inspect your home. We will complete a fact find to ascertain if a sale and rent back agreement is affordable and appropiate to your needs and circumstances. Entering into a sale and rent back agreement may not be in your best interest. Therefore, we will also review any other options and alternatives that may be available to you.
3. Following the meeting, we will instruct a RICS (Royal Institute of Chartered Surveyors) Chartered Surveyor to survey the property and finalise the market value and market rent of your property.
4. Once you have decided to sell and rent back your house, we will send you all the relevant paperwork and give you a 14 day cooling-off period to ensure you have sufficient time to consider your options and to make sure you are happy with our offer.
5. Following the cooling-off period, we will then contact you again to confirm if you are happy to continue with the sale and rent back agreement. We will provide you with additional documentation for you to sign and return. The sale and rent back of your home will usually take between 3 and 4 weeks to complete. On the completion date, you simply continue living in your home. From there, you are obliged to adhere to the terms and conditions of your tenancy agreement.
In short, you remain in your house in return for paying the rent as due and ensuring the property is kept in good condition, informing us of any repairs or maintenance that may be required. Aside from providing us and your solicitor with all the information required during this process, there will be very little you need to do.
Remember too, you won’t have to pay for surveys, solicitor’s fees, legal fees, agent’s fees or any other charges - all costs are covered by Rent my House Back. Unlike some of our competitors, we do not refer you or your details to a third party - we are the actual purchasers of your property and we manage your tenancy throughout your sale and rent back agreement.
My husband and I were having financial difficulties, but we didn’t want to have to leave our home. After looking on the internet, we found Rent My House Back, who offered exactly what we were looking for, so we didn’t feel the need to look anywhere else. We have been very happy with...
I was made redundant and wanted financial stability for my family, without the need to move house. After searching on the internet, we contacted three sell and rent back companies, but we chose Rent My House Back due to the clarity of information on their website, as well as the ease of...