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To give you a clear idea of how the sale and rent back process works with DFB Housing Solutions please read the following information detailing the main stages of the process and what happens at each stage. Making an enquiry and putting together your sale and rent back solution To enquire about sale and rent back please contact us immediately. An adviser will discuss your enquiry with you, answer any questions and outline the terms of a potential offer, and complete an initial factfind. If you are happy with the terms of the offer then we will arrange for one of our advisers to visit you in your home when it is convenient for you. Prior to this meeting we will provide you with a range of documents that give information about DFB Housing Solutions, the FSA and about sale and rent back. These documents will be reviewed and discussed with you during the visit to ensure you fully understand them. The purpose of the visit is so that we can meet you and answer any questions that you have regarding sale and rent back and your options. We will work with you to tailor an offer based upon the level of debt that needs to be cleared, the amount of cash you require and the monthly rental payment that you can afford now and for the term of your tenancy. We may also be able to help you resolve any unsecured debts that you may have. At this meeting we will also complete the initial paperwork and make a brief inspection of your home. At this stage you are not tied in to a deal or obligated to accept an offer. You decide to proceed If you decide to accept the offer and proceed with your sale and rent back solution we will act immediately to arrange a valuation of your property. This is done by an independent surveyor who owes you a duty of care and arranged at a time convenient for you. If the valuation meets the expected amount our offer stands and the solicitors will draw up the necessary contracts. We will offer you an assured tenancy agreement with a minimum term of five years. The process from start to finish may take around four to six weeks to complete. Transaction complete, you are a tenant paying rent When the process is complete you will be a tenant paying rent. The rental payment as agreed and detailed in your tenancy agreement is normally collected via a standing order with your bank. As a tenant you do not have to pay for the buildings insurance on your property. As landlords we are also responsible for aspects of the maintenance of the property. The end of your Tenancy Agreement At the end of your tenancy agreement you will have a decision to make regarding your future. As landlords we will look favourably on renewing your tenancy agreement subject to you having adhered to its terms. We will also favourably consider any offer to sell you your house back during the tenancy at a fair and open market value.
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