Why People Choose A Sell House And Rent Back Option?
Selling
and renting back a property is not only for people who find
themselves in financial difficulty. It is often used as a way of
releasing equity from your property, insuring an expedient purchase
after a divorce, separation or consolidating debt. It can be open to
abuse due to its current lack of regulation, but the reality is that
it is in the best interest of the home buying company to uphold its
agreements. The sector is growing rapidly and will soon come under
the jurisdiction of the OFT
or Office of Fair Trading.
Until then, if sell
house and rent back is an attractive option, ensure that the
company you are dealing with is reputable, do your research and be
sure to fully understand the intricacies of the business.
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