Sell And Rent Back Scheme – A Guaranteed Sale

The state of the property market at present is causing many a problem for homeowners looking to sell as home buyers are increasingly thin on the ground and ever more reticent to make offers. According to the report on This is Money, 56 per cent less mortgages were approved in May of this year than at the same time last year and this is causing financial difficulties for many homeowners. As such, many are opting to utilise sell and rent back schemes in order to address their financial difficulties. The main incentive of a sell and rent back scheme for homeowners experiencing monetary strife is the fact that it represents a guaranteed cash offer and there is no chance of the sale breaking down due to a broken chain; something that is becoming increasingly likely on the open housing market.