7 Reasons Why Sell And Rent Back Has Overtaken Traditional Equity Release Schemes

Sell and Rent Back is fast emerging as a more attractive alternative to traditional methods of Equity Release. Sell and Rent Back is a “sell quick” concept wherein you sell your property quickly and rent back often at a discounted rate.

If you are looking to release equity and would like to sell your house for cash without having to compromise with your peaceful existence, Sell and Rent Back is certainly the option for you. Actually, ones ‘home’ is ones dream and most people have a sentimental attachment to ones home. Moreover, changing home is indeed a troublesome proposition for a household, especially where there are very young children or elderly people involved.

Speaking of solutions, a Sell and Rent Back scheme brings to you two options – you can choose between short-term and long term stays. Choose the first option if you need time to find a new accommodation. You can also choose to “rent back” your property for the long term if you are completely averse to the idea of changing house.

A blissful existence – yes, the Sell and Rent Back method does promise you a stable, happy life and that in each and every sense. Underneath are enumerated some of the key advantages of the selling and renting back method over the traditional equity release schemes:

1. When you sell a property to rent back, you usually receive more, often up to 3 times more than you can expect had you opted for a traditional equity release scheme.

2. Again, in traditional equity release methods like equity mortgage release or home reversion plans, you would be charged as much as 2.5% fees; in case of sell & rent back, however, you pay not a single penny in agency or legal fees or as hidden costs. Indeed there can be no better option to release equity or stop repossession than to Sell and Rent Back.

3. Apart from your fiscal benefits, you have other advantages to reap. Since the property changes hands quite privately and you continue to stay in the same home because of the versatile “rent back” option, outsiders or family members will not come to know about it.

4. This sellquick method is an excellent solution for those struggling financially. You not only keep the stability of your home but no longer feel the pressure of mortgage repayments or that of property repossession.

5. With the Sell and Rent Back scheme, you will enjoy perfect peace of mind because reliable selling and renting agencies promise fair treatment to their clients. Mostly, they will arrange for building insurance and provide for property maintenance cover.

6. You get the cash fast. You have the money in your hands within weeks when agreeing to a Sell and Rent Back deal.

7. Most importantly, the Sell and Rent Back Method has no age constraints whatsoever and you can sell your property quick and then rent back no matter what your age. Usually, under-50s will not qualify for the traditional equity release schemes.