Sell Your House and Rent it Back
Stop Repossession
FAQ
- Stop repossession
- Clear secured debt, raise cash, reduce costs
- Regulated by the FSA
- Sell To Rent
- Contact DFB to complete a quick fact find
- DFB will then contact the court and your lender to Stop Repossession
- Your FSA regulated sell and rent back application can then proceed as normal
Sell and Rent Back
DFB Housing Solutions were the first company to be given authorised provider status under the FSA full regulation of sell and rent back.
Also known as sell and rent back, this financial service allows homeowners to sell their home and rent it back from the buyer. Sell to rent clears all secured debt and may provide a cash lump sum as well. Hundreds of homeowners have achieved a fast house sale with DFB and now rent back their house for a minimum term of five years. As landlords, DFB are responsible for the property maintenance and the building insurance – meaning savings and less hassle than as a homeowner.
Hundreds of people have used sell and rent back to stop repossession and avoid eviction from their home. Many people also sell property to raise money for retirement, using sell to rent means homeowners can raise money without having to move home. Other reasons to sell house quickly include divorce, illness and redundancy, unsecured debts or relocation.
Stop Repossession
Hundreds of DFB’s clients have chosen sell and rent back to stop repossession proceedings and to avoid eviction from their property.
Repossession occurs when a borrower has not paid monthly payments on a mortgage or secured loan and the lender acquires an eviction notice from the court. Unsecured debt can also be charged to a property in certain circumstances.
To successfully stop repossession you should act fast and contact us. Speak to your lender as well and let them know that you are considering a quick house sale. If sell to rent is appropriate for you we will deal with your mortgage lender and the court if necessary to postpone the repossession and allow time to sell the property. DFB have years of experience in this field with tremendous success.
Advice on repossession is available from your lender, your local council or the Citizens Advice Bureau amongst other places. DFB always encourage you to take independent financial and legal advice.
How Sell and Rent Back works?
Sell and rent back should be as simple as it sounds. Here is an explanation of how it works with DFB Housing Solutions and what you can expect at each stage.
Contact DFB to start the application process, explain your situation and ask any questions.
We will outline the terms of a potential sell and rent back offer. A dedicated advisor will guide you through the application paperwork, provide you with written information and answer any of your questions.
A valuation is carried out by a RICS (Royal Institute of Chartered Surveyors) surveyor who owes you a duty of care.
A final offer is made and a period of two weeks begins during which we will not contact you – This is the FSA’s two week cooling off period. During this time you can consider all the information we have given you, look at different options if available and take independent financial and legal advice. You can stop the application at any stage without incurring any fees, penalties or charges.
After the cooling off, if you decide to proceed your solicitors are instructed and the sale should complete within two weeks.
Your sell and rent back tenancy agreement allows you to live in the property for a minimum of five years. As landlords DFB are responsible for property maintenance and building insurance.
3 steps to Sell and Rent Back
Valuation
An independent valuation instructed by you but paid by DFB followed by two weeks cooling off period to consider our offer.
Contact
Sales and legal process handled by our team and completion within 4 – 6 weeks
Sell & Rent Back
Continue living in your property under a secure tenancy with a minimum term of 5 years. No property maintenance or building insurance to pay.
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Testimonials
My husband and I are both retired and on a limited income. We had had an interest only mortgage for many years with the intention of selling the property to pay off the debt. We decided that we would prefer not to leave our home but we had no means of repaying our mortgage company.
John Doyle - London
SELL AND RENT BACK COMPANY REGULATED BY THE FSA
The FSA (Financial Services Authority) have been regulating the sell and rent back industry since 2009. Full regulation began in July 2010.
The purpose of regulation is to ensure only appropriate persons and companies are involved with sell to rent. It also lays out a sales process that gives homeowners full information on their offer and makes clients aware of other options they might wish to consider and provides a two week cooling off period for clients to weigh up all the information and advice they have received.
Across the UK hundreds of financial advisors and debt advisors introduce clients to DFB Housing Solutions because they trust us to offer a dedicated and professional service to their clients.
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