Sale and Rent Back FAQs

What is a sale and rent back scheme?

Under this scheme, a FSA regulated individual (for sale and rent back activities) will buy your house from you at a discounted price and then rent it back to you at market rent. The cash raised can then be used to clear your outstanding mortgage and arrears.

Why would someone want to do this?

Even selling a property at a discount is preferable to having it repossessed. It also allows you to remain in your home and so not causing disruption to schooling etc.

Are there any disadvantages?

The main disadvantage is that when you sell your home and then rent it back, you are no longer the legal owner of your home. Therefore, should you fall behind with your rent, you could face eviction.

How long can I rent my home for?

Your sale and rent back agreement gives you the security of staying in your home for 5 years. But you must abide by the terms and conditions of your tenancy agreement. Depending on your circumstance (and company policy), it may be possible to arrange to remain in your home for a longer period.

How long is the sell and rent back process?

On average, a sale and rent back process will take 4 weeks to complete. But, of course, every situation is different. At times, if a faster completion date is required, this can be arranged.

How does your Sell with Rent Options work?

We will buy your house at a higher percentage of the market value than a typical sale and rent back scheme. Then we’ll assist you in finding accommodation.