Financial Design For your Advantage
The sell and rent back scheme
is helpful to those who find that they need to sell their home and yet
who do not wish to leave. Selling their property this way would allow
them to stay on as tenants, paying rent as opposed to a mortgage. This
allows them flexibility and an extra option if they are cornered by
debt, divorce or repossession. It is also a great way of releasing
equity while keeping the security of the family home. Some people use
the scheme when relocating abroad to make sure of a sale (instead of
months at the hands of the open market) yet get to stay in their homes
until they actually pack up and move.
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