AlternativeRunning » sell and rent back http://www.alternativerunning.com Tue, 24 Jan 2012 14:34:14 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Sell To Rent Back Schemes May Be An Option If Your Finances Are Trapped In A Plummeting Housing Market http://www.alternativerunning.com/sell-to-rent-back-schemes-may-be-an-option-if-your-finances-are-trapped-in-a-plummeting-housing-market/ http://www.alternativerunning.com/sell-to-rent-back-schemes-may-be-an-option-if-your-finances-are-trapped-in-a-plummeting-housing-market/#comments Sat, 11 Oct 2008 13:07:29 +0000 karlmark http://www.alternativerunning.com/sell-to-rent-back-schemes-may-be-an-option-if-your-finances-are-trapped-in-a-plummeting-housing-market/
Sell to rent back schemes could increase as house builders specializing in new builds are going to extraordinary lengths to catch the dwindling number of home buyers. Sell to rent back schemes basically allow existing home owners to cash in on their home by selling to a property rescue company. The sell to rent back schemes mean they can stay in the family home as legal tenants. For many, the option is preferable if they are in financial difficulty and need a lump sum to pay off debt, or are concerned about the risks of house repossession.

 

]]> http://www.alternativerunning.com/sell-to-rent-back-schemes-may-be-an-option-if-your-finances-are-trapped-in-a-plummeting-housing-market/feed/ 0 Sell Home And Rent Back – Questions of Affordability http://www.alternativerunning.com/sell-home-and-rent-back-%e2%80%93-questions-of-affordability/ http://www.alternativerunning.com/sell-home-and-rent-back-%e2%80%93-questions-of-affordability/#comments Thu, 28 Aug 2008 17:03:29 +0000 admin http://www.alternativerunning.com/sell-home-and-rent-back-%e2%80%93-questions-of-affordability/ Although the FSA is now fining lenders who have given out mortgages irresponsibly, it still leaves thousands of homeowners in a financial mess with few options left, aside from a quick house sale, sell home and rent back scheme or the threat of losing their real home. The FSA say that although it is hoped irresponsible advice and lending is rare, evidence suggests it is a ‘serious and widespread problem’.

Currently there are over 100 potential cases of mortgage fraud, with 17 mortgage brokers banned for fraud already this year. It is no wonder more homeowners are left seeking a sell home and rent back scheme as debt takes over.

]]> http://www.alternativerunning.com/sell-home-and-rent-back-%e2%80%93-questions-of-affordability/feed/ 0 Sell And Rent Back Helps Maintain Lifestyles http://www.alternativerunning.com/sell-and-rent-back-helps-maintain-lifestyles/ http://www.alternativerunning.com/sell-and-rent-back-helps-maintain-lifestyles/#comments Tue, 26 Aug 2008 17:27:24 +0000 admin http://www.alternativerunning.com/sell-and-rent-back-helps-maintain-lifestyles/ Recent studies show that the middle classes are aware of the difficult times ahead, with three out of four homes earning over £30,000 saying they will rein in their spending, according to a study by a leading insurance company. Although they may have above average salaries, a sell and rent back scheme may be a consideration for some weighed down by high lifestyle costs. At one point, many could treat their real homes as a cash point, remortgaging and releasing home’s equity to fund any shortfalls in income. But now the cost of debt is expensive and remortgages are harder to secure, leaving many households with hard decisions to make as they struggle with debt. It is been estimated up to ninety mortgage deals a day are currently withdrawn. Some may have no choice but to choose sell and rent back scheme.

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