Homeowners who are faced with imminent house repossession should give some serious thought to avoiding it by selling and renting back their property. A sell and rent back house scheme would allow them to remain in their property by paying monthly rent and they have the option of buying back their house when their circumstances improve.

If you want to stop house repossession, this could be the right choice, however you do have to be aware of the house sale terms and conditions that come attached. While you are able to sell your home with a house sell and rent back company, they will only offer around 80 to 85 per cent of the value of your home, which is not as much as you might get if you sold the house privately.