Jun 12
By choosing to take a sell to rent back agreement, you would be able to stave off house repossession or eviction and continue living in your property. If you fail to keep up with your mortgage arrears then the lender will only be patient for a while. You would then have to come to an agreement to repay your mortgage arrears or have the lender evict you through the courts.
If you choose to sell your house with a buy and rent back specialist you will not have to worry about finding the mortgage money but instead pay more affordable rent each month. Renting the property back means that you do not have to leave your property and look around for other accommodation, you would also avoid the stigma that follows eviction.