Sell and rent back schemes are becoming a popular choice for those want to stop the repossession of their home. A sale and rent back allows the homeowner to sell their home quickly for cash and they then have the option to continue living in the property as long term tenants (minimum of 5 years tenancy).
These type of schemes are useful to people who need to sell to pay off debts, but would rather not have to move out of their home and find somewhere else to live. Sale and rent backs solve this problem and provide a secure and protected property sale that is now approved and regulated by the FSA.
The FSA now since July 2010 regulate all SRB transactions to ensure that the seller is fully protected and is aware of the transation and the process involved.
If you are considering a sell and rent back then please use a reputable firm that is approved by the FSA for sale and rent back transactions.
