Sell and Rent Back

Situations can arise where you may need to sell your property quickly, to release equity, or perhaps you would like to be in a cash position to buy another house. You may even be relocating and would like the security of knowing that you have sold your home. But what if you want to stay in your property until the time is right for you to finally move on, or your financial situation is a problem for a mortgage but would be suitable for a rental? What if you want to stay in your family home?

The Sell and Rent Back Solution

There is an option known as 'Sell and Rent Back' which simply means we will buy your property from you and rent it back to you. This allows you to raise money by selling to us in order to pay off debts, stop repossession or to save that much needed extra money for a new home.

How will this work for Me?

We rent the property to you at market rent and you are legally protected by an Assured Shorthold Tenancy agreement - What this means is that you can rent the property for anything from 6 months with periodic tenancy allowing you to stay in your home as long as you wish. The price we offer is dependant on different factors such as type and location of your home, the condition and also the rental potential. You will still cover your bills i.e. electricity, gas, council tax, but we will be responsible for the building and any structural repairs that may need seen to.

Sell, Rent and Buy-Back Option

We also offer a 'rent and buy back' option which is useful if you are in mortgage arrears and having trouble maintaining repayments or are about to repossessed. We can pre-agree a legally binding 'price contract' at which time you buy the property back at a pre-determined price - when you're ready to do so. This is a perfect opportunity for those who feel that their current financial situation is unstable but only on a temporary basis. It may suit you to stay in your home and know that when you are once again back on your feet you can buy your home back from us. So if you feel that you have "too much month left at the end of your money" please do not hesitate to contact us on 08000 432168

Click here for our Frequently Asked Questions.

What are the Benefits of Sell and Rent Back?

When you choose to sell your property quickly with A Swift Sale you have a number of choices available to you, depending on the reasons that you are looking to sell and the situation which you are in.

Sell and Rent back is beneficial to those who do not wish to move from the property they are in but can no longer afford the mortgage, whether it be simply due to inflation, or whether it is due to more personal circumstances such as a divorce or separation.

Not only does Sell and Rent back allow you to relax and no longer worry about expensive mortgage repayments but it also takes away the worry of perhaps having to pay out for any structural damage or perhaps the expensive repair of a broken boiler if the situation ever arose.

To sell your house fast to a property buyer in order to Sell and Rent back means that you not only release any money that you may have tied up in your property, but you are also safe in the knowledge that you do not have to leave the comfort and convenience of your home.

Bills and Possessions

Once you have agreed to the terms and conditions involved in the Sell and Rent Back option you are responsible for paying any necessary household bills and rent.

The rent which you shall pay will be decided once the property buyer has carried out some research on particular rental valuations in your area.

You must ensure that the council tax, phone bill, television license, electricity bill etc are all paid and that the rent is also paid on time to the landlord on the particular day of the month specified in the Assured Shorthold Tenancy Agreement.

The landlord is then responsible for all structural and exterior problems which may occur along with ensuring the upkeep and maintenance of that such as boilers, radiators etc.

If you feel that this is an option which may suit you and you are hoping to sell your house fast in order to release some money then let us know.

We can help you get the most out of your property!

Rental Valuations and Market Price

If you choose to sell and rent back your property you will be provided with a rental figure by the property buyer that will come out to visit you personally at your home, during a time which is suitable for you.

One of our property buyers will make an appointment to visit you at your home and discuss with you the options which will be suitable for you and how we can help you benefit from your property.

After the initial visit the property buyer will carry out some research in your area and determine the local rental prices. They will then discuss those with you and if you are happy with those they will then instruct an independent valuer, completely free of charge, to come out and value your property.

Once this valuation has been completed the property buyer will provide you with a final offer. If you are happy with this offer and the rental figure which they have provided you with, then the process shall begin.

These steps, in total, should take no more than 14-18 days and once you have accepted the offer, A Swift Sale can usually complete within 7 - 10 days.

There are no costs involved and we pay up to £500 + VAT of any legal fees which may be incurred.