Jun 06
If through unfortunate circumstances, you are now facing the possibility of house repossession or repossession proceedings have already begun then you probably think there is nothing you can do. Think again, sell home and rent back can stave off house repossession.
This would allow you to remain in your property while paying an affordable monthly rent and then in the future buying back your house for a pre-agreed price. The rent will be set at the time of signing the contract and will remain static for a period before then rising along with the cost of inflation. When your circumstances permit it and you are financially stable again, you can then buy back your house.