Sell and rent back explained
Peterborough Property Buyers can now offer you an innovative solution to preventing repossession, clearing debts, financial difficulties, divorce settlements, relocation or equity release. We call this Sell and Rent Back. This is a solution where we can buy your property quickly. You pay off your exciting loans and debts. You then rent the property back at an affordable rent for as long as you wish.
Our service is very private and discreet. We do not erect "FOR SALE" or "SOLD" boards. We do not wear suits or uniform or drive liveried vehicles giving no indication to people as to why we are visiting your property or that you are selling your property.
In some cases we offer flexible renting periods, this can sometimes be a rent free period from 3-6 months to ease your financial situation even more.
We keep you updated fully at all stages throughout the whole process which is typically completed within 28days or less.
The process for sell and rent back is very simple and works like this:
1. You contact us to discuss your requirements in strict confidence via our online enquiry form or by calling us on 01733 302521or 07040 403038. We will listen to you and then talk you through some options in the way Sell and Rent Back may help you.
2. We will put forward a no obligation tailor made solution for you. The solution will involve you selling your property at an agreed price and timescale that you are happy with, and an affordable rent, usually much lower than existing mortgage payments. We do not need to visit the property to make you an offer unless you wish to discuss things in person then we will visit you at a time that is suited to you.
3. Once we agree on a sale then our solicitors arrange for any mortgages and secured loans to be paid by us. If there is a repossession order our solicitors will stop this immediately, no matter how close you are to repossession.
4. You receive any equity from your home in to your bank on completion of the sale.
5. You then rent the property back from us at a fair market rent. We usually provide you with a rental figure considerably lower than your exciting mortgage allowing you to reduce your monthly outgoings. In some cases we even provide a rent free period.
6. You are now debt free and can enjoy your life without the increasing financial commitment associated with home owners. Especially in today's market of falling house prices.
Look at the Benefits of selling and renting back your property
Contact us now to see how we can help
