More people are opting for a sell and rent back scheme to capitalise on the £4 Trillion UK housing stock.
With housing stock worth £4 trillion in the UK, it's no wonder more homeowners are looking at their bricks and mortar as a way to solve their financial woes. And the sell and rent back schemes are increasingly popular for those who need to release equity but don't want to move home.
The sell and rent back boom
According to a recent report, regardless of the negative stories around the economy and the global credit, our homes are little treasure chests for many of us. The figures from the Halifax bank show:
• Private housing stock in the UK is now estimated at £4 trillion – a rise of 9% in 2007
• If you're a homeowner in the south east, you're in luck, here the value of housing has grown by 192%
Releasing equity with a sell and rent back option
A sell and rent back scheme offers a solution to homeowners who need to release cash for whatever reason – whether it's because of a relationship breakdown, change in jobs or to pay off unmanageable debt. While the rest of the UK's economy seems to be facing an uphill battle, housing assets according to the Halifax have remained strong. In fact the housing stock in this country is treble the value of the country's outstanding mortgage debt.
Are you living on a goldmine?
The reasons more homeowners are opting for a sell and rent back scheme are clear when you look at the figures. Housing assets have outgrown mortgage debt every year since 1995 according to the report, and equity has risen annually. The report concludes that in the past decade wealth in housing has almost doubled. It's no wonder then that more homeowners are desperate to get their hands on the goldmines they're sat on. A sell and rent back scheme means that they can benefit from the equity without having the hassle of moving.
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.