Sale and Rent Back UK

If and when you decide that you want to sale and rent back in the UK, there are a few things that we strongly advise you to consider.

Firstly, is the sale and rent back option the right one for you?

You need to make sure that the sale and rent back option is the right one for you before you commit to it. If you have any doubts you need to raise them with the company you are dealing with. We would also recommend that you seek independent legal advice before signing any paperwork or legal documentation. If you have made the decision that the sale and rent back option is the one for you, you need to make sure that the company you are dealing with is regulated by the FSA (Financial Services Authority). If you are unable to find the company within the FSA Register, you may want to contact the FSA directly via telephone to double check. The FSA will be able to advise you what to do next.

For your information the Rent My House Back, which is a trading style of Quick Purchase Limited, Firm Reference Number is FRN522468.

There are also a number of things you should be asking the company to ensure you know where you stand from the outset. Below, we have provided you with some of the more important questions.

■You need to ensure that you find out if you going to be liable for any fees during and after the whole process?
■Will the company charge you any fees if you decide not to go ahead?
■Who is responsible for maintenance problems? For example if the current boiler was to fall beyond repair, who would be responsible for a replacement?
■How is your rent set? Make sure you know how much rent you will to be charged?
■When you renew the agreement, how is the new rent calculated?

Do you have an option of purchasing the property back if you should ever wish to do so? There are a few sale and rent back U.K. companies that will give you a ‘buy-back’ option. Make sure this is provided in writing and that you clearly understand the terms and conditions of the option. Again, it is important to understand your position from the outset.

How does the company calculate the price you will pay to exercise the ‘buy-back’ option? You need to make sure that you will be paying a fair price to buy your home back. At Rent My House Back, we will actually provide a 5% deposit to purchase your property back.

These are just some of the questions you may have when you are looking to sale and rent back in the UK. Take the time to have a look through our website, we feel that it covers a lot of the questions you may have. Alternatively, please contact us directly and we will be pleased to answer any queries you may have.

Also See:

Sale and rent back
Sale and rent back benefits
Sale and rent back process

Contact us or apply online for further information regarding sale and rent back uk.