There is a growing trend in the UK called sell house, rent back which allows you to sell your house quickly in as little as 24 to 48 hours. You also then have the option to rent back the property so that you can stay in your own home.
In times when the housing market stagnates it can be difficult to shift those hard to sell properties. In boom times it may have been much easier to sell your house but in lean times properties can sit on estate agents books for literally years.
Sell house Rent back schemes around the country allow you to sell your house directly to property buyers and property developers. They specialise in buying properties that are hard to sell or are in neighbourhoods where people are just not buying. They have the finances and expertise to be able to buy any sort of property and offer you a cash deal.
When times are hard and the economy is sluggish many people find it hard to remortgage or pay their current mortgage. You or your partner may have lost their job or had your hours or wages cut. In the housing boom many people overstretched themselves and over mortgaged. This has left the struggling to make the monthly mortgage repayments.
With not being able to cover the cost of the mortgage many people are facing repossessions. Repossessions have been rising because many people have taken on mortgages that are too high and did not leave themselves enough leeway in their monthly finances.
With a sell house rent back property investor you can sell your house and then rent it back to avoid your home being repossessed. They will buy your property for cash and often exchanging in less than 48 hours. Your selling expenses will usually be covered by the developer so you will not need to find money for any extra expenses.
With the cash from your sell house rent back sale you can use this to repay your mortgage. You also have the option if you choose to stay in the property as a paying rent tenant, this means you get to stay in your own home. Many investors also have buy back schemes where you can buy back your home at a future date.
To find out how much you can get for your home all you need to do is complete a short online form. You will often get an offer within 24 hours which you are under no obligation to accept. It is free to apply and you can get quotes from several different companies so that you can get the best price for your home.