There is currently a great deal of interest from homeowners who want more information on Sell and Rent Back schemes, people want to know all about Sell and Rent Back, what it is, how it works and who it’s suitable for. At the independent comparison site http://www.comparepropertybuyers.co.uk/ we have drawn up answers to the following commonly asked questions.

1. What is Sell and Rent Back

       

Sell and Rent Back is a fast growing Industry where you sell your home to a Property Investor but instead of moving on you stay in your home as a tenant renting it back from the Investor who purchased it from you.

2. What is a Shared or Part ownership Sell and Rent Back Scheme?

One of the most advanced Sell and Rent Back schemes is known as a shared or part ownership scheme. With such schemes you sell some of your home to an investor whilst retaining a share yourself. This gives you the benefits of security of tenancy whilst keeping a financial interest in your home, if property prices go up your share goes up too. 

3. What are the main Advantages of a Sell & Rent Back Schemes?

Sell and Rent Back can be a way of either raising capital or avoiding repossession and staying in your home. You may need to unlock your capital from your home to clear any debts you may have or to fund a better retirement. Sell and Rent Back schemes can also be a way of funding your retirement without having to sell your home.

4. What are the main Disadvantages of Sell and Rent Back schemes?

First and foremost is the fact that most Investors who offer sell and Rent Back will usually only offer you up to 80% of the value of your property. This is because most Investors take the prudent view that property prices will fall still further.

Some Sell and Rent Back Schemes do not guarantee you a long term rental period, always take legal advice before entering into a Sell and Rent Back agreement and if you want to rent back long term make sure you have a written contract guaranteeing your right to stay. You should also agree a fair market rent in writing.

5. What Legal Protection do I have?

You should always take professional legal and financial advice before entering into any Sell and Rent Back scheme. Always have a Solicitor to represent your interests and oversee all of the paperwork. If you want to guarantee your long term residency make sure you get an agreement in writing which is approved by your Solicitor.

6. How much does a Sell and Rent Back Scheme cost?

Sell and Rent Back schemes should not cost you any up front money whatsoever. A reputable investor will usually pay for the cost of a valuation and any legal fees. The investors will eventually make a return by either selling the property or by charging you what ought to be a fair market rent.

7. How quickly can I Sell my House and Rent it Back

Most Investors are cash buyers actively looking for property investments and Sell and Rent Back opportunities, they can often act very quickly and purchase within one month.

8. Will I need a Hip (Home Information Pack) to Sell and Rent Back?

If you sell your house to an Investor you will not need a Home Information Pack as it is classed as a private sale, this should save you several hundred pounds.

9. I am very close to being Repossessed can I still Sell & Rent back and stay at home?

You can sometimes avoid repossession if you reach an agreement to sell and rent back with an investor. Even if time is short an Investor will either pay cash and aim to complete within a week or so. Alternatively the Investor may apply to the court to stop your repossession order to give you time to complete your sail. An investor can usually only help in cases where there is a minimum of about twenty percent equity in the property. If you are facing repossession make sure you get independent legal advice before entering into any agreement.

10. Where is the best place to find a Sell and Rent Back Scheme?

There are many Investors advertising on the Internet via search engines such as Yahoo & Google or you could always go to the comparison site Compare Property Buyers for a quick no obligation quote.

http://www.comparepropertybuyers.co.uk/ is the only Independent Comparison site for Sell and Rent Back Schemes and offers general information on Sell and Rent Back schemes along with a Free, No Obligation, Comparison service.



Quick Property Sale

I am renting out my house and the tenant is behind on rent? They want to renew a month to month after their lease is up? They said that they don’t need to pay all the money as long as they are paying some money.

Rent Back

We had to evict a tenant (went to court 2 weeks ago). They left a few days ago. Court awarded us eviction + back rent + legal fees. We just received something in the mail saying that they filed for BK. What happens to our judgment?

Passive Income

I moved out of my apartment in April 2006, and my landlord still hasn’t returned my security deposit. I live in New York and the deposit is 2,200

Quick House Sale

I’m a landlord and a potential tenant who wanted to move deciding to not move and told me 2 weeks later. Do I have to give their money back? I was left with no tenant now I’m having trouble paying my mortgage.

Sell House Quick

You can stop house repossession – all you need is a fast house sale. Even if lenders are attempting to take your house, this will work. It’s not unusual to ‘forget’ a mortgage payment – hundreds of thousands of us do it at least once each year. However, missing a few payments means that finances are getting out of hand. Your creditors may soon send letters threatening legal action, and this can take a toll on your personal relationships and your health. When your home is repossessed, you both lose your home and reduce your chance of getting another mortgage. You have to stop property repossession before you are kicked off the property ladder for good.

Many people don’t realise that it’s easy to stop house repossession. Ideally, you should do this before the court action starts, but even if you are about to be evicted, St Genix Fast House Buyers can help you stop house repossession. Perhaps you have been unable to agree a deal with your lender. Perhaps you didn’t face up to the letters your lender sent. Sooner or later, you will need to pay what you owe so that you don’t lose your home.

Ask St Genix To Help

We would be happy to assist you when you need to stop house repossession. It can take some time to sell your house through an estate agent, and you just don’t know if contracts will be exchanged so that you can stop property repossession. Why wait and risk losing your home? Don’t wait for an eviction order – sell your house fast, get the cash, repay what you owe and save your credit rating. We can help.

At St Genix Fast House Buyers, we buy direct and we pay cash. With our experience, we can value your home accurately and can make a fair offer. The legalities are simple and you get a guaranteed, quick sale with the following benefits:

You get the cash in a month or less

There’s no need to pay an estate agent

Legal fees are reduced

You avoid repossession

We realise that this is a stressful time for people who wish to stop house repossession. That’s why we will do all we can to help you. We’ll even go to the repossession hearing with you. When we do this for our clients, we can stop property repossession. Once you have repaid your creditors, there’s one more benefit we offer. You can rent back your home, so that you can maintain a stable environment. You get a fair market rental and freedom from further financial problems.

St Genix Fast House Buyers have expertise which we will use to stop house repossession. We will purchase any house for cash and will finish the sale within four weeks or less. We can put a value on your home within 24 hours. Call us free on 0800 316 7600 to begin.



Sell and Rent Back

You know how some credit cards have cashback bonuses for purchases? I want to find a way to do that for my rent… But writing cash advance checks don’t count towards this, and my landlord doesn’t accept credit cards. Does anybody know of a checking account program or billpay system that would give cashback rewards on paying my rent?

Sell and Rent Back

Repossession can be a very unpleasant experience for a number of reasons. First of all, you obviously lose your home, a home that you may have worked long and hard for, a home that you and your family hold very dear. Repossession and eviction will affect the lives of everyone in your family, not only financially, but also emotionally and socially. Second of all, repossession affects your credit scores adversely, and leaves you with slim chances of making a fresh start soon. Having said that, I’m sure you’ll agree that, when or if the time comes, you have to do everything in your power to stop repossession.

Most homeowners panic when it comes to stopping repossession because they falsely believe that, if things have come this far, the situation is hopeless. Things are actually quite different. There is always a way out of this kind of situation provided you weigh your options carefully and decide what the best and most convenient course of action is.

How can you stop repossession? At an early stage, you can try to get back on track with your mortgage payments. Staying up to date with these payments may not always be possible, but you should not let things aggravate. Putting the payments off month after month will only make matters worse. You can try refinancing your existing loan or getting a loan from someone else, a friend or acquaintance maybe. Or, you can try being honest with your lender about your current financial situation and agree on a more convenient way of paying your arrears. You can work together and make your payments easier.  After all, the financial institution is more interested in getting the money that you have to pay them than in getting the property.

If you need to stop repossession and neither of the options presented above is viable, you can still resolve the matter is a very convenient way. Fast house sale is a very good solution to your problem. And when fast house sale comes with the possibility to rent your house back, what could be more convenient?

Fast house sale means that the sale process will be completed in a lot less time than a traditional sale. Furthermore, your investors will pay all expenses, including valuation and legal fees. What’s more, if you accept their offer, which will only be fair considering the circumstances, they will pay cash for your property. This means that you will have the necessary cash to pay your existing debts, and enough money left to spend as you please. As has been said before, you don’t even have to consider leaving your home when you opt for a fast house sale, as the sell and rent back scheme is widely available from cash property buyers.

Fast house sale is the optimal solution in a number of situations. Whether you are preparing to emigrate, or about to get a divorce, or in need to pay extensive debts, or if you just want to avoid all the hassles of selling your house on the open market, fast house sale emerges as a very sound decision. If you want to stop repossession, sell and rent back is by far your best option.



Rent Back

I live in pa and thought that after the 2nd yr I could apply this to the last month of the second year since i am staying for a third. Pa LAw prevents holding a security dposit of more then 1 month after yr 2 of a lease. But the law says nothing about the final months rent??/Its a legal gray area

Passive Income

The world today is dynamic where money is always flowing and floating in the market. Every individual who participates in this constant transaction of cash sustains a certain equilibrium of cash inflow and outflow. But then, it may just happen at one time that there is a negative flow of balance, as when your expenditures are more than your income, that you find that money is emptying from your reserves. This means that this flow of money has taken a course unfavorable to you, and you are left dry in your banks.

So what do you do to overcome this shortage of cash? You can fall back on the ever-reliable property of yours. The equity you have stored in there can be converted into cash so that you are up and running again. With quick house sale, you are able to deal smoothly with an emergent situation. The fixed assets become liquid cash so that it flows and clears your troubles out of the way. With the rent back scheme, you can even keep staying in the house, going on with your normal life, instead of the trouble and the shame of having to move out.

Quick house sale is an option worth considering when you are faced with difficult situations such as repossession. It is also a very feasible thing when you are faced with divorce proceedings and the huge expenditure that goes along with it. Quick sale also helps you to separate in a judicious manner.

Also in a situation where one has inherited a house and is finding it difficult to manage it, many people wisely opt for a quick house sale. The house gets a manager who would furnish it out, and you may rent back this property if you want a joy of residing in your inherited property. This scheme comes in handy thus on different occasions.



Sell House Quick