Sale and Rent Back Help

If and when you decide you want to sell and rent back your home, there are a few points Rent My House Back would strongly advise you to consider.

Firstly, is a sale and rent back scheme right for you?

You need to make sure the sale and rent back scheme is the right one for you before committing to anything. Rent My House Back will be happy to answer any questions you have regarding a sale and rent back scheme. It is also important that the sell and rent back company is regulated by the FSA and when you choose Rent My House Back, you can rest assured you are dealing with an FSA regulated company. You can check our details on the FSA website: www.fsa.gov.uk

If you have a preferred time frame in which you would prefer to exchange contracts, please make this clear from the start, to ensure we can make this deadline.

It is important to find out what costs, if any, you are liable for from the outset to enable you to have a clear understanding of any financial impact on you, both during and after the whole sale and rent back process. Once you have completed the sale, it is also important to understand if there are any extra charges, in addition to your agreed monthly rent, e.g. who would pay for the repair of if your roof starts leaking? Rent My House Back will provide full details of both ours and your responsibilities in terms of costs and maintenance.

Once you have chosen to sell and rent back your home, it is important that you have the security of knowing how long you are able to remain there as a tenant. You should also find out what type of tenancy agreement you will be signing and if it is renewable at the end of your tenancy.

Make sure you know how your rent is set and how much you are going to be charged. When you renew your rental agreement, you should be aware how the new rent is calculated.

In the event you wish to buy back your house, make sure this option is available to you. Rent My House Back will offer you a 5% deposit towards the purchase of your home. If the option to buy back your house is available, ensure you get this in writing and clearly understand the terms and conditions that apply. Again, it is important to understand your position from the start and make sure you will be paying the market value for the property, not an over-inflated price.

We strongly advise you to ensure you are dealing with a company who will meet you promptly at your property, to clearly explain all the services that are being offered to you, before you sign any documentation. It is also important to seek any independent advice as you see fit prior to exchanging contracts on the sale of your house. Check what responsibilities and obligations you have to comply with as a tenant, as well as the responsibilities and obligations the company have as a landlord.

Also see:

Sale and rent back regulation
Sale and rent back tenancy agreement
Sale and rent back buy back option
Sale and rent back timescales

Contact us or apply online for further information about sale and rent back help.