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Selling And Renting Back ? The Best Way Of Releasing Your Equity Before It Goes Down Too Much

August 26th, 2008

The
top property analysts and news reports all suggest that the value of
houses will continue to fall over the next few years and all
homeowners could lose a considerable amount of equity. In march
alone, a property worth
?200,000
would have lost ?5000 - in just one month.

So,
what is the best way of releasing your equity now before it goes down
too much? Re mortgages and loans, if obtainable, are usually secured
on your real home and you will pay significantly for the privilege -
often resulting in large monthly payments. Selling
and renting back
property, however, uses the equity that is tied
up in your property to secure the deal, so there is no interest or
monthly credit payments and therefore no risk of losing your family
home due to missed credit or mortgage payments. If property prices do
keep falling, sell and rent back property deals won’t be around for
long so grab one while you can.

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