SELL AND RENT BACK

HBFS offers a quick sale and leaseback scheme to our clients. This enables you to release equity from your home while remaining there for as long as you wish.

This could be the best solution for people who have increasing debt payments as it enables you clear all debt while remaining in the property. We often find that the rent that you would pay is normally much less than servicing your existing debts.

Many people have also used this scheme simply to release equity and live a little. For example we have many clients who have sold their house to us and taken a tenancy before a move abroad or to their dream house (see our quick house sale scheme also).

Others have treated themselves to new cars and nice holidays with the cash that they receive. It therefore gives you the flexibility of selling your house without the need to find anywhere else to live.

"release equity from your home while remaining there for as long as you wish."

How it works

When you contact us one of our local representatives will call you within 1 working day. They will need to know about your future plans and why you are considering this scheme. They would need to know things like, how much you think your house is worth, are there any secured debts against the property and if so how much you are currently paying servicing those debts and how much you can realistically pay in rent.

We will then go away to do a little research on your property and the area it is in and come back with an offer for your house. We will also tell you how much you would have to pay in rent. If you then want to go ahead we get an independent surveyor to check that your house is worth the amount discussed.

Once this is confirmed we will instruct a solicitor to act on your behalf, should you need us to do so, in order to complete the house purchase. We will cover the cost of this. Before the sale goes through we will ask that you sign a tenancy agreement which will give you the right to stay in the house after completion.

The Pro’s and Con’s

The benefits of this scheme are:

• You may be better off paying rent rather than servicing your debts.
• You are no longer tied to your property.
• You are free from property maintenance (the roof leaking, the boiler breaking down are now up to us to fix rather than you).
• You can remain in your property.
• You may now have cash in your bank rather than tied up in your house.
• You can move out of your property when you wish and not have to wait to sell on the open market.

All costs are covered by us!

The downsides are:

The property no longer belongs to you (if this concerns you please see our other schemes)
You will be offered a “trade” price for your property.

Sell And Rent

Call Now On

0800 043 4133