Crosby Finance

If you are facing a house repossession you might be tempted to go straight to an estate agent trying to put the home up for sale. While this of course is a possible option, it is also one of the dearest and most time consuming ways of doing so. In addition to the fact that you will be leaving the home you love, you would have to lower the price to be competitive, in order to attract such a quick sale before the eviction takes place. Even then something could go wrong during the final stages and the sale could fall through. A possibly more suitable option if you want to stay in the property is to go with a buy and rent back specialist.

After an initial meeting and assessment you will be given a quote there and then for the sale of your home. If you want to rent it back with the option of buying back in the future, you will also be given a price for renting and a fixed buy back price. If an agreement is made and both sides are happy with the outcome, then the sale could be finalized in as little as 7 to 10 days from start to end. In the majority of cases the whole process can be over within the time it would take the estate agent to get your home valued!

Sell and rent back schemes are an option to be considered in a variety of circumstances where it would be in your best interests to sell as quickly as possible.

Repossession is one option where it can work particularly well. Of course if you are struggling to meet the mortgage repayments in the short term and your circumstances would change quickly and allow you to come to an agreement with your lender, it is not a viable option. However if you have no where else to turn and no way of keeping up with the repayments to keep a roof over our head then this is one option worth serious consideration. In many ways a sell and rent back scheme could be seen as a win-win situation on your part. You would get the money needed to be able to pay your lender and so stop repossession and at the same time you could continue living in your home. Of course you would have to ensure that you understood the arrangement and have read the supplied small print attached to the scheme. However when it comes to choosing between losing the home you love and having to move or paying an affordable monthly rent, the scheme is appealing.

Even if you have already received a summons to appear in court you can still stop repossession. An ethical specialist buy and rent back company will help you to stop it and deal with any court related matters that arise from the repossession order. Always choose a company that has experience in real estate in the UK and who works with you on a one-to-one basis to ensure that the scheme is tailored towards your personal circumstances.