Real Estate - Real Estate Investment

If you are having financial problems then you are not alone. In the
first few months of the year 2007, thousands of people enquired about
debt management at Citizens Advice Bureau. While in year 2006 tens of
thousands of people entered individual voluntary arrangements (IVAs) or
went bankrupt and hundreds of thousands of Brits missed at least one
mortgage or credit card payment. With increasing interest rates, the
cost of servicing a mortgage is getting higher, and UK consumers also
carry a whopping ?1 trillion of debt. So it is no surprise that many
people are looking for unique solution to solve their financial
problems. One such solution is the sell and rent back scheme.

As the name suggests, the sell and rent back scheme is where you
sell your house to a company and rent it back from them, particularly
when your financial situation improves. There are several benefits to
this. With a typical house sale, you put your property on the market,
wait several weeks for it to sell, wait several more weeks for the sale
to complete and pay legal fees and estate agents’ fees. In addition,
there is no guarantee that the sale will complete when you need it to-
or at all. This uncertainty is not helpful if you are facing financial
endeavor. If you are relying on a house sale to clear your debts, then
you need a fast property sale. The advantage of combining this with a
rent back a scheme is that you can clear your debts without having to
leave your home.