Sell Then Rent Back - Untenable Finances
According
to research from the Citizen’s Advice Bureau, those homeowners
coming off fixed rate mortgages in the second half of 2008 will need
to find considerable extra income or face the very real threat of
having their real property repossessed. Unfortunately, however, large
numbers of homeowners are discovering that this simply isn’t
financially viable and they are falling deeper and deeper into debt.
In order to address the situation, the number of homeowners seeking
out sell then rent back schemes is set to soar as this may well be
the ideal solution to their financial situation. A sell
then rent back scheme not only instantly stops house repossession
proceedings, it also rapidly releases the equity which is tied up in
the home, which can be used to tackle debt management problems and it
also ensures that disruption is kept to a minimum by allowing the
homeowner to continue to rent the property back once the house sale
has been completed.
