Sell A House And Rent It Back ? A Great Alternative To Release Home’s Equity
Traditionally,
the mechanism for releasing cash has been to remortgage the home, or
to take out a second loan secured against the house’s equity. The
cash released is often used to enjoy a better lifestyle or buy a new
property abroad. This however means a higher debt to service for
longer as well as higher monthly repayments to cover the increase in
debt.
A
genuine alternative solution for equity release is to sell
a house and rent it back. By doing so you can release some of the
property’s
equity.
Your mortgage and other existing debts secured against your property
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
property rent back arrangement. The sell to rent back solution gives
you the freedom to enjoy a cash-rich lifestyle without the debt that
normally goes with it.
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