Selling your home under distressed circumstances calls for a cool head and a clear understanding of what you're committing yourself to

The process of selling your home and renting it back is quite simple. We promise to give you a clear explanation at the time we make our offer, when we will also be pleased to answer any questions you may have, but in the meantime here is a straightforward step-by-step guide as to how the process works:

a) You make contact with us by completing the form

b) We value your home within a few hours and make you an offer. At that time we can also give you an estimate of what the rental costs are likely to be under our ‘sell and rent back’ option

c) You make a decision as to whether you want to proceed. If you do, we visit you so that we can complete the necessary paperwork

d) On that visit we answer all your questions and tell you exactly what the rental costs will be after the sale has been completed. We also offer you the chance to enter a ‘buy back’ arrangement if you wish, which will give you the option of buying back your home at a set date in the future and at an agreed price. There is no obligation on you either to enter this arrangement, or to buy back your home when the agreed date arrives

e) We contact our team of lawyers who will act immediately to stop a repossession order on your house if there is one, and will begin to put the sale into motion

f) Your sale will complete within as little as a few days. We pay off your outstanding mortgage and any fees you have incurred with your lender. The remainder of the proceeds from the sale will be deposited into your bank account as instructed by you. If you have asked us to pay off any of your unsecured loans we will do that at the same time.

g) You begin paying rent on the date agreed and then monthly thereafter.



The Office of Fair Trading has launched a market study into sale and rent back. One of the possible outcomes following the OFT market study could be to encourage the development of a consumer code of practice.

The Financial Services Authority (FSA) recently published a consultation paper setting out proposals for the regulation of sale and rent back (SRB) schemes designed to reduce consumer detriment in this growing area of the housing market.