You might want to take advantage of one of the growing number of a sell to rent back schemes that are available to help homeowners in these situations. In a sell to rent back scheme, a sell and rent back company arranges to purchase your property and gives you the opportunity to become a tenant. Instead of paying a mortgage each month, you pay rent. The rental charged is typically less than your mortgage payment. Also you can have the opportunity to buy your house back, when your financial situation improves. This is especially useful if you have suffered a temporary setback, such as illness or unemployment. Once you are back on track you can make arrangements to buy your property again.

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