| ‘Sell my house fast’ specialist, | | | | yourself in a position where you absolutely have |
| SecureASale has today highlighted the pitfalls to | | | | to rent back your property from the new owner, |
| sellers that selling a property to rent it back | | | | please ensure that the homebuyer company you |
| throws up. | | | | choose is a well-capitalised, cash-funded business |
| LONDON, UK- Property quick sale expert, | | | | and research them thoroughly before you take |
| SecureASale has today issued a report on the | | | | the plunge. This is important as many so-called |
| severe downsides to selling a property in order to | | | | quick sale, cash for homes experts fail to keep up |
| rent it back again. | | | | payments on mortgages they secure on homes |
| SecureASale company director and UK property | | | | they have bought and the property ends up being |
| market expert, Tim Jackson said, “If you are | | | | repossessed by the bank. This leads to the tenant |
| in financial difficulties and are thinking, “i need | | | | being forced out, often having paid a substantial |
| to sell my house fast”, then a quick sale to a | | | | ‘rent’ upfront to the new owner. |
| cash homebuyer (like SecureASale) can often help | | | | “Whilst an opportunity to release home equity |
| to get you back on track.” | | | | is always tempting, especially when coupled with |
| He continues, “Many companies also offer you | | | | the idea of remaining in your current property, |
| the option to rent back your home from them | | | | not every quick sale cash homebuyer has the |
| once the sale is complete. While this is | | | | funding to ensure your dream doesn’t turn |
| advantageous for the new owner (as they often | | | | into a real life nightmare.” |
| take all the rent upfront and have a guaranteed | | | | Whilst overall, rents are likely to continue to fall in |
| tenant in the property), it is very rarely in the | | | | line with plunging interest rates, incomes are also |
| best interests of the seller, unless it is only for a | | | | falling fast across the UK and job losses and |
| very short period of time. If you can no longer | | | | company liquidations are rife. Ensuring you choose |
| afford to pay the mortgage on your home, then | | | | the right buy to rent back expert- so you |
| you probably won’t be able to afford the | | | | don’t end up homeless and out of pocket- |
| rent either as the new owner has to ensure that | | | | has never been so important. With a surplus of |
| the costs on their own finances are more than | | | | property available for rent thanks to the market |
| covered.” | | | | crash, renters can, in many ways, take their pick. |
| Jackson also went on to highlight the fact that | | | | For more advice on selling a property in order to |
| most struggling homeowners who require equity | | | | rent back or any other property issues, please |
| release services are far better off downsizing to | | | | visit or ring 020 7117 6001and ask to speak to |
| a smaller home and either purchasing or renting a | | | | one of SecureASale’s directors, who have |
| cheaper property elsewhere. | | | | over ten years of experience in the UK property |
| SecureASale’s experts have also warned of | | | | market. |
| the dangers of choosing an unreliable buyer. | | | | For all press enquiries please |
| Jackson comments, “If you have found | | | | contact:info@secureasale.co. |