Sale and Rent Back

If you are reading this and you are facing repossession, it is an extremely difficult time. Not only is there the pressure from the bank but the worry of being put out onto the street and finding somewhere else to live can be unbearable. When you consider the devastating impact repossession can also have on your credit rating, as well as the social stigma some people are concerned about, you have a nightmare scenario.

At RPS, we can step in and buy your house from you to prevent a repossession taking place. We will then offer you the opportunity to rent the property back from us at a fair market rent. We can even allow you to buy the property back at a later date once your financial circumstances have improved! All of this can be done quickly and discreetly allowing you to continue to live in your home. You will protect your credit rating from serious damage and also allow the opportunity to rearrange your circumstances without anyone knowing.

One thing that many people don’t know about this type of arrangement is that by effectively becoming a tenant within your own property, you may also be able to claim Housing Benefit to assist you with your monthly rent; a helpful way of maintaining a roof over your head if you have been made redundant. Please speak to your local council or Citizens Advice Bureau for more information.

Please contact us at RPS today to see how we can assist you.