Fri 29 Feb 2008
Sell and rent back has emerged due to the increasing need for people to release capital from their houses before retirement age. The unfortunate reality is that for many, this is to deal with financial troubles. The main advantages of sell house and rent back are the expedience of the sale and the ability for the client to stay in their own home and if required, buy back their property once their financial endeavor have been sorted. The main issue of course is the fact that there is a big discount on the expected market value, however once this is offset by the money saved in interest repayments the discount may not be such a hefty deficit.