| In the fast-paced uncertainty of the modern | | | | clear all your debts and continue living in your |
| world it's all too easy to fall behind with payments | | | | home as before. You don't have to suffer any of |
| until one day you realize you have serious debt | | | | the upheaval that accompanies moving house |
| problems. Other than the blow to your | | | | especially if the move is unwanted. What's more, |
| self-esteem this causes, the stress that arises | | | | you get a quick, guaranteed sale with none of the |
| from being in debt can also have devastating | | | | waiting around and having potential buyers |
| effects on your physical and mental health. So if | | | | traipsing through your home day after day. Plus, |
| you're living from paycheck to paycheck and | | | | you don't have to pay and estate agent's |
| suffer the constant gnawing worry that your | | | | commission on the sale. |
| property will be repossessed, you really need to | | | | There's also the matter of discretion and privacy. |
| sort out your debt problems as quickly as | | | | Reputable agents can arrange a sale that's private |
| possible. If you're a homeowner, a very attractive | | | | and confidential. There's no need to put up a 'for |
| option known as sell and rent back is open to you. | | | | sale' board in front of your house or put an |
| So if debt is making your life unbearable, consider | | | | advert in the local press. So friends, neighbours |
| the many advantages of this scheme. | | | | and colleagues are none the wiser to your |
| How It Works | | | | circumstances. |
| First you contact a reputable company specializing | | | | A number of other methods exist to release the |
| in sale and rent back schemes. After surveying | | | | equity tied up in your home. These include lifetime |
| your property, the company will make you an | | | | mortgages and home reversion plans. |
| offer on your home. Then in addition to an | | | | However the Which Consumer Group reported |
| immediate cash payment, they will issue a | | | | that these other schemes tended to be |
| contract for you to stay on in your home as a | | | | expensive, inflexible and risky. |
| tenant paying rent at the market rate. Very | | | | Studies have shown that being in debt is major |
| often, they will offer a rent holiday. You have a | | | | cause of stress with serious consequences for |
| lot of say in the contract you agree to; you can | | | | both your mind and body. So if debt is wreaking |
| specify for example whether you want a | | | | havoc in your life, look into the sale and rent back |
| short-term rental or long-term arrangement. You | | | | scheme. |
| can also request a buy back option which gives | | | | Be sure to choose a specialist firm with many |
| you the option to later buy back your house | | | | years of experience in this field. Only a specialist |
| when your situation improves. | | | | firm can give you the efficiency and discretion |
| Why It's The Best Way | | | | you deserve. |
| The major advantage of course is that you can | | | | |