Sell and rent back to stop house repossession?

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.

Using a mortgage calculator can be useful when buying property

As property and land advisors we often get asked by clients if we can help them with their mortgage and to help them find a good deal in the market place. Often we advise them to speak to an independent mortgage advisor for advice or to seek out a good mortgage calculator that can help them calculate their mortgage rates, what they can afford and to find them a good deal.

A mortgage calculator is a good place to start when you wish to find out how much you can borrow against a property and what the likely repayments will be. You can find out the monthly repayments, what interest you will pay and the deposit required to purchase the property.

A mortgage calculator can often be linked with the latest mortgages and rates on offer and can make recommendations based upon your personal circumstances and financial situation. Use the calculator before you approach an advisor so that you have a good idea of whats available and more importantly what you can afford to pay.