Sell & Rent Back
WARNING - Sell & Rent Back Is Bad For Your Financial Health!
Selling your property and renting it back has become a common way for UK homeowners to release equity from their home with the added benefit of remaining as a tenant.
As of 1st July 2009, the “Sell & Rent Back” industry became regulated by the Financial Services Authority (FSA) following pressure from the housing charity Shelter and the Citizen’s Advice Bureau (who were concerned over the conduct of many “sell and rent back” providers).
Since regulation came into affect, only a hand-full of firms are now allowed to offer a “Rent Back” solution.
What’s Wrong With “Sell And Rent Back”?
“Sell and rent back” sounds great in theory but in practice, we don’t think the numbers add up.
We’ve carried out our own investigations into the “Sell and Rent Back” industry and have been shocked to discover that UK house sellers can typically expect to receive a mere 50% - 65% of their property’s true market value.
We appreciate that “Sale and Rent Back” can appear immensely attractive and as observers of the property market, we genuinely thought FSA Regulation would translate into higher and fairer prices for sellers and an improved quality of service.
In reality, with fewer operators offering a “Sale and Rent Back” service, the price paid for properties seems to have gone down rather than up since regulation.
Some within the industry reckon the price paid for properties has fallen from around 75% of market value to around 62% since regulation came into effect…
That’s a massive difference.
The Alternative To “Sell And Rent Back”
A sensible substitute to “Sell and Rent Back” (Equity Release) is to dismiss the ridiculously low offers made through these schemes and consider selling your property with the help of the GetAnOffer Rapid Estate Agency Solution ™.
You won’t be able to remain living in your home after you’ve sold it, but does it not make better financial sense to receive as much as 30% - 40% more profit from your sale and find somewhere new to live with additional cash in your bank account?
Achieve 90% - 100% Of Market Value For Your Home Quickly
Pick up the phone or fill in our contact form and we’ll be delighted to offer a free valuation and advice on how to achieve a quick and more profitable sale.
CALL US TODAY - 0800 033 7543 (24 hours a day, 7 days a week).
*Please note, we cannot offer advice on Sale and Rent Back Solutions specific to your requirements.
