Sell & Rent Back Questions & Answers.
Q: How long does it take for me to sell and rent back?
A: It can be done in a matter of 2 weeks or it can be months if it suits you more in doing so. We are flexible and can offer to suit your timing.
Q: How much does it cost?
A: Our service is totally free, there are no hidden costs or fees.
Q: Do I need a solicitor to act for me?
A: Yes, you will need a solicitor to handle your legal conveyancing. You can appoint one for yourself or if you prefer we can source one for you.
Q: What are the advantages of Sell & Rent Back?
A: You save on estate agent fees.
You save on advertising fees.
You save a lot of time, energy and stress.
You get cash quick by achieving a quick sale with the certainty of cash coming to help your situation whatever that may be.
Stops your repossession or eviction fast.
You can rent back the property.
The landlord will carry out Annual Gas Safety check for your safety and install smoke alarms for you.
You will not need to maintain any plumbing or electrical work anymore.
It is discreet and confidential; no one has to know about it unless you want to tell them. Everything can be sorted without anyone ever noticing.
Q: What are the disadvantagesof Sell & Rent Back?
You have responsibilities to look after the property by doing the day to day cleaning of the property.
You may feel it does not belong to you but unless you cleared your mortgage debt, realistically the lender owned it as it was security for the lender. They repossess it if you do not pay them back.
You can be evicted if you do not pay your rent; your landlord has put in all the effort to resolve your situation once already so s/he will expect you not to let it happen again.
Q: Will I be able to stay for as long as I like?
A: Yes, as long as you keep up your agreed rent you will be able to stay for long term. Sometimes the agreement might have to be renewed but it won't affect your occupancy of the property.
Q: What if I can't pay the rent?
A: The agreement will set out the terms for this but it can lead to repossession or eviction.
Q: How does the rent get calculated?
A: The rent is normally at a fair market level. Your landlord will discuss this with you and work with you to come up with an affordable rent so you can stay in your home.
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Ready to Sell & Rent Back? Just contact us.
