Sell & Rent Back Your home in Glasgow, and raise cash
The Property Advice Bureau can offer a flexible alternative to allow you to continue to live in your home.
Thinking of "sell and rent back", even for a short period is a real alternative to repossession. It gives you the opportunity to avoid being blacklisted by mortgage lenders and may even give you sufficient time to repair your credit rating if required.
By selling and renting back you could possibly raise cash to pay off debts or for some special purchase, whilst remaining in your home. Avoid the upheaval, stress and cost of moving.
The Property Advice Bureau are able to purchase your property and rent it back at the local market rate, we may also be able to provide you with an initial rent free period according to circumstances.
You may be able to sell and rent back your home in Glasgow, for less than the mortgage repayments.
The Property Advice Bureau has many years of experience of renting property, and is a registered landlord with the local council. So you know that we are required to abide by the rules and regulations set down by the Council in Glasgow, and other local authorities throughout the West of Scotland.
Why would you want to rent back?
It is quite probable that you currently experiencing some financial difficulties, perhaps mortgage arrears, or you are thinking of releasing capital from your property to fund a change in lifestyle. Whichever category you are in does not present a problem, in fact it makes absolutely no difference to us.
By selling the property to the Property Advice Bureau you will no longer need to pay your monthly mortgage payment, we will also insure the buildings, and if you have a gas boiler, we will ensure that it is serviced annually, and provided with a landlord’s gas safety certificate.
Hopefully you have sufficient equity in your home to allow us to pay any sums owing to your secured lender or lenders, and that would allow the Property Advice Bureau to pay you the balance. Perhaps not only will you receive a lump cash sum but your monthly rent will be less than the sum of your mortgage repayments.
- So to summarise the benefits of “sell and rent back”:
- Release capital tied up in your property
- Reduce your monthly outgoings
- Clear off amounts owing to your creditor
- Stay in your home and avoid the inconvenience of moving
CALL THE PROPERTY ADVICE BUREAU TODAY
0800 432 0193
