It’s getting harder to get a mortgage – if you need to sell but can’t afford to buy another property, a sell and rent back scheme could work.
Mortgage approvals are dropping steeply as the global credit crunch squeezes our financial belts even further. After a decade of easy credit where you could walk into any high street bank or building society and be offered a mortgage five times your salary, times are changing. And for those struggling to sell their house as a result, a sell and rent back scheme could be an alternative solution.
Ditch the estate agent with a sell and rent back scheme
It's probably every homeowner's dream to ditch the estate agent when it comes to buying and selling property. Estate agents have a poor enough image to contend with as it is, but now it looks like they'll be even more unpopular as the housing market slows down. There can be nothing more frustrating than languishing on the housing market indefinitely - add to that the risk of a chain breaking down and the headache of solicitors and HIP packs, it's a recipe for stress. A sell and rent back scheme is a fast way to release equity without even having to move. You don't even have to walk past an estate agent's window to sell and rent back your home so you can sidestep the whole process completely.
Lending levels plummet
Lending levels in November 2007 were 40% lower than the same month in 2006 – which means one thing – fewer buyers. The fewer buyers on the market, the longer it could take to sell your home. This also means it's very much a ‘buyer's market' where buyers are more likely to be able to negotiate prices down due to the shortage in demand. A fast house sale in comparison looks enticing. But if you desperately need the cash but don't want to move from your home, you don't have to experience the strain and stress of selling, packing and moving – often falling deeper into debt in the long drawn out process. A sell and rent back scheme means you can instantly solve your financial problems and stay in your home.
If you're worried you'll become a victim of a slowing down property market, or are facing financial problems but don't want to move from your home, a sell and rent back scheme could be a simple and timely solution.
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.