Sell and Rent Back – Some Illustrations
There are numerous advantages to using Rent Back Expert’s Sell and Rent Back service. For each person and each situation those advantages will be different, so perhaps the best way of explaining them is to provide you with some illustrations:
Being widowed at the age of just 39 was not what Mrs E had expected from life. Her husband died suddenly of a heart attack, leaving Mrs E to cope with two school aged children and a big mortgage. It didn’t take long for Mrs E to realise that the money coming in simply wouldn’t pay all the bills. There was a small amount of life insurance on her husband which Mrs E invested for the children’s education, but day to day life was becoming hard.
Selling the family home to Rent Back Experts provided the perfect solution. Mrs E can afford to pay the rent from her own earnings, and she can claim other benefits to help with regular bills such as council tax. Life still isn’t easy, but the worry of not being able to pay the mortgage has been lifted. Mrs E’s credit rating has remained intact because she never had to go into debt; the children are in the same schools, and Mrs E herself is still surrounded by the support of her family and friends who live nearby.
As retirement approached, Mr and Mrs M started to think about how their financial circumstances would change when they both gave up work. Both in their 60s but still extremely active, they enjoyed adventure holidays, the most recent of which had been trekking in the Himalayas, and didn’t want to give up the lifestyle which they loved so much.
Their calculations showed that their pension income wouldn’t be sufficient to allow them to continue with their love of travel. To make matters worse, they had always promised they would help their son pay the cost of private education for their two grandchildren, but their pension was not going to generate as much income as they had expected and there was no way that their finances would stretch to meet that promise. Mrs M didn’t want to downsize and leave the family home where the children had grown up, nor forsake the garden she had lovingly tended over 23 years. Using the Sell and Rent Back service from Rent Back Experts gave the couple a large sum of money from the equity in their home. They have invested this money and use the interest from it to pay for travel and other expenses. They are able to help provide education for their grandchildren as they had planned, but can stay in the home they love so much. They feel that they might downsize in the future and become home owners again, but whilst they are fit and active Rent Back Experts has allowed them to have sufficient funds to enjoy life to the full.
Rent Back Experts has helped hundreds of people raise funds, or stay in their home in times of financial crisis. They can help you too. Simply call on 0800 13 13 999 or email firstname.lastname@example.org
Rent Back Experts is a trading style of Property Rescue Limited. Property Rescue is authorised and regulated by the Financial Services Authority for the condcut of Sale and Rent Back business. Our firm’s reference number is 522471.
Property Rescue is a UK based organisation dealing only with UK properties. If you enter into a Sale and Rent Back agreement you are unlikely to get the market value of your home and, as a tenant, may only be able to remain there for a limited period. There may be other options avavilable. Please ask for a key term statement.