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Find No Hassle In A Sell And Rent Back Scheme

December 21st, 2007

A popular way of accessing free cash tied up in your home is through
Equity Release. Since the mid-1990s, rising house prices in the UK has
created a nation of homeowners who are asset-rich. Traditionally, the
mechanism for releasing that cash has been to remortgage the property,
or to take out a second loan secured against the property’s equity.
Money released is often used to enjoy a better lifestyle or buy a
property abroad. This however means a higher debt to service for longer
as well as higher monthly repayments to cover their increase in debt.
Fortunately, comes an alternative solution for equity release which is
to sell and rent back
the property. By doing so you can release some of the equity in your
home. Your mortgage and other debts secured against your home are fully
paid off, and you may even be able to decrease the amount you pay out
every month for the property by way of a flexible rent-back
arrangement. The sale and rent back solution gives you the freedom to
enjoy a cash-rich lifestyle without the debt that normally goes with
this type of transaction.

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