It might seem like a strange concept the first time you encounter the idea of sell property and rent back. Even though you may not have heard of it before, the concept is well used throughout the UK. In business many companies choose to sell their property every year and rent it back from a landlord. They do this to release cash for investment or to help their cashflow situation. For UK homeowners the reasons might be the same for you can sell property and rent back to help your cashflow, pay your debts or create a pool of cash for investments.

Below the rent back company answer some of the most frequently asked questions about the sell property and rent back concept.

Who buys your house?
- The rent back company buys your property direct from you. The company guarantee a quick house sale and handle all of the arrangements so you can rent the property back from the company as a tenant.
How much does the sell property and rent back process cost?
- The process will cost you nothing!
How quickly can you sell property to rent back?
- The rent back company can purchase your property for about 3 - 4 weeks. In time-sensitive cases the company can complete much quicker.
Is there a rental deposit payable when renting back?
- Yes. The rent back company normally ask for a 1 month deposit to be paid at the beginning of a tenancy. The deposit will be repaid back to you on the day you decide to leave the property (assuming the property was not damaged in any way).
When is the rent payable?
- The rent back company require the rent to be paid monthly in advance, except in some housing benefit cases where councils will only pay in arrears.
What kind of a tenancy agreement will be used?
- The company use the standard Assured Shorthold Tenancy (AST) agreement that is commonly used by letting agents. You can typically rent back the property for the long term. At the end of each tenancy period, a new one will be signed, subject to both parties’ agreement, to allow you to carry on living in the property.
Are there any limits to the type and location of property that is eligible for the sell property and rent back service?
- No, there are no limits. Houses in all UK locations and in any type of condition are eligible.

This entry was posted on Thursday, January 31st, 2008 at 1:31 pm and is filed under Uncategorized.