Ethical Sell and Rent Back Schemes?

There has been a huge amount of stories in the press in the last month about sell and rent back schemes and sellers who rent back and then lose their homes.

Whilst some of these stories are certainly true, there is a strong element of lazy journalism involved with tabloid TV shows recycling the same few examples over and over again. The fact that these new 'exposes' are almost always repeating the same story as a previous news piece actually makes the situation look common. In fact it isn't common at all.

When a property investor buys your property and rents it back to you they are also taking a risk. That risk is that you will be a good long term tenant! In our experience people who previously owned their own homes make the best long term tenants when they stay in the property they know and love. If you accept that property investors are motivated by money (it is after all an investment), then it soon becomes clear that evicting tenants makes no financial sense. Empty void periods, redecorating, advertising, agents fees etc all add up to a loss.

It is important that if you are considering a sell and rent back scheme for your own home that you ask the right questions of whoever will become your landlord, and worth remembering that trust is a a two way street. We only buy and rent back to those sellers we feel comfortable with a future tenants, and encourage the sellers to consider how they feel about us becoming their future landlord!

For a fast and free service if you want to find out more, or talk to someone about your repossession or eviction problem then please visit our website or contact us by Freephone.

For more information contact us on 0800 634 28 21