Sale And Rent Back
Sale and rent back is an FSA regulated financial service available in the UK from authorised providers. DFB Housing Solutions were the first company to gain authorised provider status and are the longest established company providing sale and rent back solutions through the financial intermediary market.
Sale and rent back is commonly known as sell and rent back or sell to rent.
What is a Sale and Rent Back Scheme?
There are many circumstances in which sale and rent back is an appropriate option for a homeowner. DFB Housing Solutions will help you understand your sale and rent back offer and make it clear the cash amount you will receive and the rent you will pay. You also have the right to buy your house back at any stage of your tenancy.
Sell and rent back with DFB Housing Solutions gives you these key benefits:
- Stop repossession - Avoid eviction
- Mortgages and secured debt paid off
- A sale completion in a timely manner
- The right to live in the property after the sale, under a secured tenancy agreement for a minimum of five years.
DFB Housing Solutions charge no upfront fees for Sale and Rent Back
The most common reasons for choosing sale and rent back are to:
- Stop a repossession
- Be free from mortgage debt
- Reduce monthly payments
- Raise cash
If your lender has started repossession proceedings against you we can help. We will deal directly with your lender and the courts to help you avoid repossession and give you time to complete the sale. DFB Housing Solutions have never allowed a clients home to be repossessed.
Sale and Rent Back Your House
Sell to rent means a homeowner sells their home but does not move out as with a normal sale. Instead of moving out the seller lives in the home as a tenant of the buyer.
Typical circumstances where selling your property and renting back may be advantageous are:
- To stop repossession
- Retirement
- Illness, redundancy or loss of income
- Relocation
- Divorce or separation
Your sale and rent back solution will take account of how much debt there is secured on your property and how much cash you would like left after clearing that debt. The rent you pay to your landlord will be set at a level that is affordable to you.
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Call us 0844 50 40 788 or 01388 748 883
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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
SALE AND RENT BACK REGULATED BY THE FSA
If you enter into a sale and rent back agreement you are unlikely to get the market value of your property and, as a tenant, may only be able to remain there for a limited period. There may be other options available. Please ask for a key terms statement.
The FSA (Financial Services Authority) have been regulating the sale and rent back industry since 2009. Full regulation began in July 2010.
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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