Real Estate - Real Estate Investment

Sell
and rent back schemes are bailing a raft of struggling home
owners out of financial misery. The sell and rent back scheme
involves a property investment specialist buying the house in
question outright, usually for a discounted price of around 10 - 15
per cent below the market value of the house. It means home owners
can get a quick cash sale instead of falling into deeper debt or
risking house repossession by waiting for a buyer on the open market.

But
as a recent report by BBC News reveals, many people are victims of
the housing market. Some home owners are being pushed into sell and
rent back schemes as a result of being poorly sold an inappropriate
mortgage. Those who took out mortgages that were simply beyond their
affordability, or pushing their affordability to the limit, are now
vulnerable to sell and rent back schemes.