We would like to advise that our sell and rent back scheme has been streamlined to enable our customers to reach a completion date as quickly as possible.
It is important for all sell and rent back clients to understand that any sell and rent back process will realistically take a minimum period of between 17 to 20 days.
For those people who feel they need a much quicker solution due to imminent repossession or bailiffs calling, you can call Rent My House Back and if you are seriously considering a sell and rent back agreement, we would, with your written consent, communicate on your behalf with your mortgage lender to explain you are considering a sell and rent back offer. As Rent My House Back is regulated by the FSA, any other regulated finance company would have to allow you a realistic time period to either consider or enter into a sell and rent back agreement.
We must emphasise that you should not leave contacting Rent My House Back to the last minute as, sometimes it won’t be possible to stop proceedings.
Taking all aspects into consideration, a sell and rent back scheme would normally be completed within 3 to 4 weeks. However, to ensure we reach this timescale, you must return all relevant documentation as soon as possible and also use a reliable solicitor who understands the urgency of your situation.
Rent My House Back has their own panel of solicitors who we can confidently recommend as specialists in their fields and who can be relied upon to achieve the timescales needed.
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.
Also see:
Sell and rent back repossession
Sell and rent back process
Sell and rent back FSA
Contact us or apply online for further information on sell and rent back timescales.
My husband lost his job and although he thankfully found more work, he had to take a drop in wages, which left us struggling financially, so we looked into sale and rent back on the internet and were keen to find a company who were regulated by the FSA. Out of the regulated companies we...
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...