Sell To Rent Back: The Summer Of Inflation
Summer
is usually a time of sun and relaxation, a chance to be care-free.
But increasingly, this summer is shaping up to be a time of anxiety
as money worries are set to increase. A recent report says the cost
of living is due to surge, creating more misery for the already
cash-strapped homeowners dubbed the ‘coping classes’. Bills are
already steadily rising, but the announcement that fuel prices are
hitting record levels as a result of the spiralling cost of oil could
lead to a gas price increase of 30 per cent. Sell
to rent back schemes are rescue lines for those families who know
a hike in their outgoings would be enough to leave them indebted,
struggling to meet their monthly mortgage repayments. Sell to rent
back schemes offer a chance to stay in the family home and side-step
the house repossession risk.
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