Wed 20 Aug 2008
Selling and renting back schemes aimed at homeowners who need to escape mortgage misery but do not want to leave their homes could soar as consumer confidence hits a record low. The rising cost of living as inflation bits and the pound devalues has left many homeowners desperate to escape expensive debts. A sell and rent back scheme could be the solution, and for many, it is an increasingly attractive alternative to the rising house repossession risk.