Today the government launched their £200 million mortgage rescue scheme designed to help thousands of people who are struggling to avoid house repossession in England.
The mortgage rescue scheme has been set up so that mortgagees can reduce their monthly mortgage repayments, hence avoiding house repossession.
Under the scheme home owners have 2 choices:
They can receive a [...]
What do ‘sell and rent back‘ property schemes do?
The idea is that a company buys your property, which you then rent back from them long term. You don’t have to lose your home when you get in trouble with your mortgage. In principle, a sound idea, or is it?
Before the economic slow-down sell and [...]
How does sell and rent back work?
Sell and rent back – everything handled by one company
Both the purchase and rental back to you are handled by the same company, so the process is kept very simple. Most sell to rent back companies promise to keep you informed at every stage, which has to be a [...]
Is sell and rent back the answer?
Do you need to sell your home, but don’t want to move?
A relatively new player in the home repossession market is ‘sell and rent back’. This product lets people at risk of repossession sell their property then rent it back from the new corporate owner, meaning they don’t have [...]
