Firms dealing in sell and rent back sector are receiving far more enquiries than ever before due to the ongoing credir crunch in UK. One estimate suggests that the enquiries from home owners will rise by 30% over the same period last year.

Due to the ongoing credit crunch home owners can't get remortgages or can't sell their properties.

Sale and rent back (SRB) - some times also called sale and leaseback schemes are used by home owners who either need to raise money quickly, are unable to sell their homes, or see it as a way of avoiding repossession.

Sellers are increasingly becoming aware that the SRB firms will buy the property at below its true market value. This is justified by the fact that they are taking the risk against falling house prices and must therefore be compensated for risking that. Another argument is that as legitimate business, they must pay trade prices for the goods just like all other businesses do.

24 Aug 2008

 ↑ Back to Top

Go back to Sell and Rent Back section