Search

Sell and Rent Back your Property - Ten Common Questions

Add Feed to YahooSubscribe in NewsGator OnlineAdd to Google ReaderSubscribe in RojoSubscribe with BloglinesAdd to netvibesAdd to PageflakesAdd to My AOLadd to my msn AddThis Feed Button

RSS feed for ComparePropertyBuyers.co.uk:XML Feed

UK (SANEPR.com) February 2, 2009 -- There is currently a great deal of interest from homeowners who want more information on Sell and Rent Back schemes, people want to know all about Sell and Rent Back, what it is, how it works and who it’s suitable for. At the independent comparison site www.comparepropertybuyers.co.uk we have drawn up answers to the following common questions.

1. What is Sell and Rent Back

Sell and Rent Back is a fast growing Industry where you sell your home to a Property Investor but instead of moving on you stay in your home as a tenant renting it back from the Investor who purchased it from you.

2. What is a Shared or Part ownership Sell and Rent Back Scheme?

One of the most advanced Sell and Rent Back schemes is known as a shared or part ownership scheme. With such schemes you sell some of your home to an investor whilst retaining a share yourself. This gives you the benefits of security of tenancy whilst keeping a financial interest in your home, if property prices go up your share goes up too.

3. What are the main Advantages of a Sell & Rent Back Schemes?

Sell and Rent Back can be a way of either raising capital or avoiding repossession and staying in your home. You may need to unlock your capital from your home to clear any debts you may have or to fund a better retirement. Sell and Rent Back schemes can also be a way of funding your retirement without having to sell your home.

4. What are the main Disadvantages of Sell and Rent Back schemes?

First and foremost is the fact that most Investors who offer sell and Rent Back will usually only offer you up to 80% of the value of your property. This is because most Investors take the prudent view that property prices will fall still further.

Some Sell and Rent Back Schemes do not guarantee you a long term rental period, always take legal advice before entering into a Sell and Rent Back agreement and if you want to rent back long term make sure you have a written contract guaranteeing your right to stay. You should also agree a fair market rent in writing.

5. What Legal Protection do I have?
You should always take professional legal and financial advice before entering into any Sell and Rent Back scheme. Always have a Solicitor to represent your interests and oversee all of the paperwork. If you want to guarantee your long term residency make sure you get an agreement in writing which is approved by your Solicitor.

6. How much does a Sell and Rent Back Scheme cost?

Sell and Rent Back schemes should not cost you any up front money whatsoever. A reputable investor will usually pay for the cost of a valuation and any legal fees. The investors will eventually make a return by either selling the property or by charging you what ought to be a fair market rent.

7. How quickly can I Sell my House and Rent it Back

Most Investors are cash buyers actively looking for property investments and Sell and Rent Back opportunities, they can often act very quickly and purchase within one month.

8. Will I need a Hip (Home Information Pack) to Sell and Rent Back?

If you sell your house to an Investor you will not need a Home Information Pack as it is classed as a private sale, this should save you several hundred pounds.

9. I am very close to being Repossessed can I still Sell & Rent back and stay at home?

You can sometimes avoid repossession if you reach an agreement to sell and rent back with an investor. Even if time is short an Investor will either pay cash and aim to complete within a week or so. Alternatively the Investor may apply to the court to stop your repossession order to give you time to complete your sail. An investor can usually only help in cases where there is a minimum of about twenty percent equity in the property. If you are facing repossession make sure you get independent legal advice before entering into any agreement.

10. Where is the best place to find a Sell and Rent Back Scheme?

There are many Investors advertising on the Internet via search engines such as Yahoo & Google or you could always go to the comparison site Compare Property Buyers for a quick no obligation quote.

www.comparepropertybuyers.co.uk is the only Independent Comparison site for Sell and Rent Back Schemes and offers general information on Sell and Rent Back schemes along with a Free, No Obligation, Comparison service.

Add to SimpySimpy Add to Google BookmarksGoogle Add to your Technorati favoritesTechnorati Add to del.icio.usdel.icio.us Add to Redditreddit Add to DiggDigg Add to FurlFurl It Add to SpurlSpurl Add to BlinklistBlink It Add to MyYahoo!MyYahoo Add to Newsvine.comNewsvine

TechnoratiTechnorati Tags:

AddThis Social Bookmark Button

Related Press Releases: 
Can't afford the Caribbean? Discover the tropical paradise that won't break the bank... 31/01/2012
Essential Facts Before Entering Real Estate Business 30/01/2012
Rob Rose of Danville… Committed to provide Qualitative and Unparalleled Services in the Year 2012!!! 10/01/2012
Rob Rose of Danville… Committed to provide Qualitative and Unparalleled Services in the Year 2012!!! 10/01/2012
Playa Del Carmen real estate – The right buy for Retirees? 31/12/2011
Commonfloor.com declared ‘Best Housing and Interior Website’ by MetrixLab 31/12/2011
Commonfloor.com declared ‘Best Housing and Interior Website’ by MetrixLab 31/12/2011
RPM Service Introduces Low-Cost Tenant Screening Solutions 30/12/2011
Kolte Patil Life Republic present 1/2 /3 BHK Apartments 30/12/2011
Kolte Patil Life Republic present 1/2 /3 BHK Apartments 30/12/2011
Kolte Patil Life Republic present 1/2 /3 BHK Apartments 30/12/2011
Kolte Patil Life Republic present 1/2 /3 BHK Apartments 30/12/2011
9873471133 ireo plots in gurgaon 30/12/2011
9873471133 ireo plots in gurgaon 30/12/2011
Houses for sale in Richmond Virginia 30/12/2011
London hotel market outperforms the rest of the UK according to new study 29/12/2011
Ansal API Olive Tower, Sector 115, Chandigarh - Call @ 09999561111 New Project by Ansal API Group 28/12/2011
Estate agent services now introduced in stoke Newington and Islington 28/12/2011
Supertech Supernova Mixed Use Development In Noida 25/12/2011
Reading letting agents - make career in property management 24/12/2011
9873471133 ireo gurgaon plots 9871851133 24/12/2011
Hollyburn Properties Supports The Vancouver Food Bank 24/12/2011
Hollyburn Properties At The 20th Annual Dundarave Festival Of Lights 24/12/2011
Spaze is Providing an Array of Commercial Properties 24/12/2011
Playa del Carmen: Unlimited Excitement, Never Ending Fun! 24/12/2011
9213098616 Chintels Paradiso 24/12/2011
Newport’s “Swinburne” Sold 24/12/2011
9873471133 ireo plots sector 60 gurgaon 9871851133 23/12/2011
Can you afford paradise? Yes, says Travel Company in popular tropical getaway 23/12/2011
New Upcoming Project Name of World Spa South launches by Unitech Group 23/12/2011
New Upcoming Project Name of World Spa South launches by Unitech Group 23/12/2011
Playa Del Carmen beach front condos: Living your dream! 23/12/2011
Fun things to do in Los Cabos 23/12/2011
Unlimited excitement in Playa del Carmen 22/12/2011
Eden Harper introduces new listings for Brixton lettings and flats to rent in Battersea 22/12/2011
Eden Harper introduces new listings for Brixton lettings and flats to rent in Battersea 22/12/2011
Exotic wedding in Mexico 21/12/2011
Willoughby Golf Club in Stuart FL, Unveils Clubhouse Following $1.85 Million Renovation 21/12/2011
9873471133 Chintels Paradiso Sector 109 Gurgaon 20/12/2011
Removals to France.com expand their services to offer excess baggage door to door 20/12/2011
9873471133 Chintels Paradiso Phase 2 Gurgaon 19/12/2011
Residential flats available for Sale/Rent in “Lilavati greens” at Mumbai 18/12/2011
9873471133 Chintels Paradiso Sector 109 Gurgaon 18/12/2011
Bestech Park View Grand Spa Gurgaon 17/12/2011
Puri Diplomatic Greens +91 9811 999 666 Real Estate Gurgaon 17/12/2011
9873471133 Chintels Paradiso Phase 2 Gurgaon 17/12/2011
9873471133 Chintels Paradiso Phase 2 Gurgaon 17/12/2011
Playa Del Carmen Real Estate: Is Buying Land Possible? 16/12/2011
Luxurious Apartments At Supertech Supernova Noida 16/12/2011
9650019488 imperia esfera Gurgaon 9650100438 15/12/2011
9650019488 imperia esfera Gurgaon 9650100438 15/12/2011
Kolte Patil Life Republic Pune- New Township by Kolte Patil Developers 15/12/2011
Kolte Patil Life Republic Pune- New Township by Kolte Patil Developers 15/12/2011
Property Management Software helps Landlords and Property Management Companies comply with IRS 15/12/2011
Jupiter Island Realtors Fenton Lang Bruner & Associates Honored as a Finalist by Christie’s Internat 15/12/2011
Estate agents services now in stoke Newington and Islington by Filey properties 14/12/2011
Redshift Opens its First Business Center in Gurgaon, India 14/12/2011
Redshift Opens its First Business Center in Gurgaon, India 14/12/2011
New Business Ideas in Real Estate and Top Franchise Opportunity in India 14/12/2011
New Business Ideas in Real Estate and Top Franchise Opportunity in India 14/12/2011
FortisBC Recognizes Hollyburn Properties’ Energy Efficiencies 12/12/2011
Free Flights To Las Vegas - Exciting Opportunity For Those Considering The USA Property Market 11/12/2011
Free Flights To Las Vegas - Exciting Opportunity For Those Considering The USA Property Market 11/12/2011
Free Flights To Las Vegas - Exciting Opportunity For Those Considering The USA Property Market 11/12/2011
Rental vacancies in NSW remain low 10/12/2011
SMJ Property Group Acquires Three Building Multi Family Portfolio in Jersey City for $1.57 Million 09/12/2011
TDI Kingsbury Kundli @ 9910208778,9350193692 @ TDI Kingsbury Flats 09/12/2011
TDI Kingsbury Kundli @ 9910208778,9350193692 @ TDI Kingsbury Flats 09/12/2011
Planning for Future - Invest in Playa Del Carmen Real Estate 09/12/2011
Planning for Future - Invest in Playa Del Carmen Real Estate 09/12/2011
Contact Information
M Jarman
ComparePropertyBuyers.co.uk
01709 721812
Website
http://www.comparepropertybuyers.co.uk


Email
enquiries@comparepropertybuyers.co.uk


Press release files
There are no files associated with this release.
Please do not contact SANEPR with questions, queries or comments regarding any information contained within press releases, distributed by or appearing on SANEPR.com Please contact the company listed in the press release as SANEPR will be not be able to assist with any such inquiry as stated in the terms of service.


Malaga agenda cultural y guia de ocio y tiempo libre.