Selling and Renting Back your home is not just a short term solution to debt problems. Unlike debt consolidation or re-mortgaging, Selling and Renting Back is a long term solution to debt problems. What you are actually doing when you 'Sell and Rent Back' is wiping the slate clean and starting again without incurring any black mark against your name, something that no other method of clearing your debts can offer. BUT IT HAS TO BE RIGHT FOR YOU, read on for reason why it works and may apply to you...
Removing your Debt
If you are struggling to meet all your monthly bills and possibly have
mortgage arrears, selling and renting back could remove all your debt
problems and allow you to start again with a clean slate, removing the
stress of the debt and possibly give you cash in the bank.
Based on the property value and the amount of debt you have, it’s possible one of our Long Term sell and rent back options could clear all your debts and leave you with hassle free living whilst still living in your own home. Taking out a loan against your property or re-mortgaging might not be the right thing to do as it can be just a short term fix and leave you in an even worse position long term. Sell and rent back can have major long term benefits as this CLEARS YOUR DEBTS and allows you to start fresh.
Equity Release
Are you sitting on equity in your property and want to release it to purchase
that new car, take a long awaited holiday or just enjoy a little more
of life but don’t want to move from your home friends and family?
If so, why not look at one of our many Long Term rent back options. By selling and renting back you can remain in your home and release equity you have in your property, our philosophy is feel safe and live life!
You remain in your own home
Our sell and rent back options enable you to remove the hassle and responsibility
of property ownership and give you the benefit of remaining in your own
home. By calling our team today to discuss the options, you could release
equity locked in your property and have cash in the bank within the next
4 weeks to 6 six weeks. We manage the whole process from start to finish.
SARB are committed to long term tenancies. Because we are an investment
company we look term which means we can be more competitive with rentals.
We are also a member of the Governments “Tenancy Deposit Scheme” which
means you and your bond are in safe hands (click here for
more information on the ‘Tenancy Deposit Scheme’).
In terms of rental increases sadly they are a fact of life, at SARB Properties we make our profits through equity growth, and not rentals. Therefore we generally are able to keep rental increase to around half the industry standard.
Lower your outgoings
Owning a property can be expensive. With your mortgage possibly rising
along with the interest rates plus, building insurance, life assurance,
central heating service plans, plumbing problems and general wear and
tear, over the year your property can cost you a small fortune. By selling
and renting back you remove all of these hassles and in most cases, significantly
reducing your monthly outgoings.
The Security of knowing you and your home will be looked after
We know how important it is to feel safe and secure in the knowledge that
your home is being looked after. At SARB Properties we pride ourselves
on ensuring your home remains your home for as long as you want as responsible
landlords we are committed to you and long term tenancies–any property
related problems are dealt with quickly and efficiently by our national
maintenance teams.
Gives you the opportunity to get back on your feet
Everybody needs a break sometimes! There are occasions when we all have
bad luck. We at SARB think that life is for living and our aim is to
try and help you do that. By selling and renting back your home you know
you are safe long term in your property and that the rent will not just
shoot up no matter what the interest rates or housing market is doing.
You will probably reduce your monthly outgoings, and almost certainly
reduce your stress levels.
You can also buy back your property from us in the future! (See below).
Property buy back scheme
At SARB we understand that you may want to not want to sell your home and
rent it back but you feel it is the best option for you right now with
your current situation, i.e. to minimalise the disturbance for the children
at school, friends family and work are nearby etc. If you feel this way
we have a buy back scheme that applies to everyone who has sold and rented
back their home over 3 years. The scheme gives you a 12.5% discount from
the market value at that time helping you get back on the property ladder
after you have rented for 3 years. As a further helping hand we also
pay all legal costs involved in the process (when using our recommended
solicitors).
Fast and simple sale
….Well it is! We do all the leg work so you don’t have to.
The process normally takes around 4 to 6 weeks to actually complete everything,
and did we mention there is zero cost to you.
