Sell And Rent Back ? Legal Aid Shortage
The
global credit crunch is making itself felt as more homeowners are
facing up to the home repossession risk. Without proper legal advice,
homeowners are more likely to succumb to house repossession. For
some, a sell and rent
back scheme could be an attractive alternative and a solution to
their problems, allowing them to continue life without the upheaval
of legal stress or moving home. Charities are asking for more legal
aid to come forward to help homeowners during this difficult time.
But as economists predict the economy is going to get worse, not
better, demand will outstrip supply.
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