If you’re experiencing divorce, your financial as well as your emotional health are in jeopardy – a sell and rent back scheme could provide the solution, especially if you have children.
Divorce is commonplace but for an older generation it can still hold a stigma. Times change, and the news that Anne Robinson divorced her husband after 27 years of marriage revealed the truth that more women approaching retirement have to face the financial fall out of divorce. But unlike Anne Robinson, most women don't have the financial freedom she can afford. For some, a sell and rent back scheme could be the only way to continue living in the family home.
Sell and rent back – stay in your family home
According to the Office of National statistics, divorce rates among the over 60s are increasing. The idea that women are embracing a new life, escaping unhappy marriages and reclaiming their freedom however can come at a cost – a financial cost. For couples that split in their twilight years, a sell and rent back scheme means they can release the equity in their home (if they need to divide assets) but still have the option for one of the ex's to stay in the family house. This can be important for some for emotional stability and continuation, especially if they still have children at home and want to reduce the disruption and trauma a split can cause.
Stay put with a sell and rent back option
Many people underestimate the power of a home – moving house can be emotionally devastating and the change is often the last thing you need when you're already dealing with massive upheavals in your life. A sell and rent back scheme offers a speedy solution – and could buy you time before deciding what to do in the long term.
Divorcees sell and rent back
It's well known that divorce can boost debt levels and not just because of expensive acrimony or child maintenance costs and court fees. For couples co-habiting over many years, the finances can be unbalanced – with one main bread earner, often the male as many women opt to bring up children, which can impact heavily on their earning and career aspirations. A divorce could leave them in a difficult position, even facing debt. A sell and rent back scheme allows the divorcee to stay at home affordably, releasing much needed equity.
Sell and rent back with sellandrentbackltd.co.uk
If you're caught in a financial house-trap, sellandrentbackltd.co.uk can throw you a life-line. Sellandrentbackltd.co.uk offers a sell and rent back scheme for those who like living where they are and want to maintain stability but are facing mortgage arrears, repossession, bankruptcy and debt or concerned financial meltdown is looming. The sell and rent back scheme is an alternative to selling up and moving, allowing you to stay put and find financial solutions. Sellandrentbackltd.co.uk will buy your home and allow you to continue living in it as a tenant. Find out more, call Sell and Rent Back Ltd. today on: 08000 255 870.