With house sell and rent back, Rent Back My Property in the UK think that homeowners are getting the best of both worlds. You can release the equity you have in your property without having to move home. In almost cases property sold to the rent back company and rent end back results in; cashback to the owner and rent payments lower than the mortgage.
However do not forget, if you are renting a property you have no maintenance costs and no buildings insurance to worry about. UK Rent Back My Property can arrange a ‘rent free’ or ‘reduced rental’ period or a mixture of both, you decide. Just remember, you do not need to leave your property to find a new accommodation just because you sell it. In almost all circumstances the rent back company can rent your house back to you.
Tags: best of both worlds, buildings insurance, cashback, maintenance costs, mixture, rental period, renting a property