Sell and Rent Back Buy Back Option

At Rent My House Back, we have a ‘buy back option’ which is available to all clients using our sell and rent back service.

We will sell the property back to you, subject to the following terms and conditions:

The purchase price will be determined by an RICS Charted Surveyor. Rent My House Back will then provide you with a 5% deposit to determine the balance to be paid by you. This is subject to a minimum price, based on the value when Rent My House Back purchased the property.

We have provided the following examples to make it easy to understand;

Property market value when we originally purchased your property of £100,000. Property value when you exercise your ‘buy back’ option of £80,000. As mentioned previously, the minimum price is subject to the value when we originally purchased your property. The price would therefore be set at £100,000, and we would then fund a 5% deposit. The difference of £95,000 would be payable by yourself.

If the property had maintained its value at £100,000 when you exercise your option, the above would apply and you will be required to fund the difference of £95,000.

If the property had increased in value to £120,000, we would fund a 5% deposit of £6,000, and the balance of £114,00 would be payable by yourself.

If you have any questions regarding the Rent My House Back ‘buy back option’ please do not hesitate to contact us on 01245 227 303, our free phone number 0800 5999 000.

Also See:

Sell and rent back
Sell and rent back benefits
Sell and rent back companies
Sell and rent back regulation
Sell and rent back process

Contact us or apply online for further information regarding sell and rent back buy back option.