Stop Reposessions > Sell & Rent Back > Why choose it?

Why do people choose sale and rent back?

Most people, when faced with the threat of home repossession, panic and often seek the simplest and quickest way out of trouble, even it means selling their home for tens of thousands of pounds less than it is worth.

However, most sale and rent back operators claim vendors may only get 85% of their home’s market value by selling on the open market and tell struggling homeowners that they are willing to pay between 70% and 90%, depending on a surveyor's valuation.

Homeowners also find these firms an attractive option as they heavily promote their ability to complete the purchase in a week if necessary and offer to take care of legal fees and help customers sort out their personal debt problems.