PROPERTY RESCUE

Sell & Rent Back

Through Rent Back Experts, a trading style of Property Rescue Ltd, we are one of the only sell and rent back providers authorised and regulated by the Financial Conduct Authority. Our firm’s reference number is 522471. We aim to teach about both the pros and cons of sell and rent back, to help you make an informed decision about whether sell and rent back is the right choice for you.

What is sell and rent back?

Sell and rent back, sometimes called, sale and rent back, rent back scheme or sale and lease back refer to schemes whereby you can sell your home and rent it back as a tenant. Sell and rent back schemes are often a last resort for people who want to release full equity from their property, but who don’t want to move house. The idea is that you sell your home to a private company, but remain living in the property as a tenant, paying rent each month.

Pros and cons of sell and rent back

Before you decide whether sell and rent back is right for you, it’s worth weighing up the pros and cons of the scheme. While sell and rent back might sound like a great idea on paper, it’s almost always better to sell your house fast and rent somewhere else. If you decide to sell fast to Property Rescue, instead of sell and rent back, our team can buy your house from you, as well as help you move home, in as little as 48 hours or at a timescale that works for you.

Pros

  • You release equity from your home
  • You don’t need to move house

Cons

  • Slower sale process (Vs our Sell House Fast service)
  • Lower cash offer (Vs our Sell House Fast service)
  • Your benefits may be affected
  • Only 5-year fixed term tenancy guaranteed
  • Rent may be higher than expected
  • You must be means tested (by law) to ensure you can afford the rent
  • Mortgage lender may refuse permission to sell and rent back

The new alternative to sell and rent back

If you are looking to release full equity from your home quickly, then our sell house fast service may be the best alternative to sell and rent back. With sell house fast, you can get a higher cash offer on your home, as well as have cash in the bank within as little as 48 hours. Although, it means that you would need to move house, our relocation team can help you with that. We can assist with everything from finding your new rented home, to packing and moving your things. The entire process of selling your home fast is fee-free. Property survey and solicitor’s fees are fully covered by us and there are no estate agent costs either. Learn more below about our sell and rent back alternative below or click ‘Get a cash offer’ to discover how much we can offer you for your home today.

Here’s how it works

Fill in our form

Complete our 30-second online form or call us on 020 8634 0224. We’ll get in touch to find out more about your property and answer any questions you may have.

Receive cash offer

Within hours of the initial call, you’ll receive a no-obligation cash offer.


You decide

If you are happy with our offer and wish to proceed, we’ll put a plan in place to suit your timeframe and get the ball rolling straight away.

We buy your home

We’ll begin the process of purchasing your property so the cash can be with you in no time. We’ll manage the full process and guarantee you a stress-free sale.

Receive a free, no-obligation cash offer by completing our 30 second form

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or just get in touch with our friendly team

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FAQ

For your convenience, here are answers to the most frequently asked questions. If you can’t find the answer you are looking for, please feel free to get in touch and we’ll be happy to answer any question you may have.

One of the great things about selling your home with Property Rescue is that our team will work to a time frame that suits you. Once you make contact with us, we will explain the process and conduct some research on your property. We will give you an offer based on an agreed valuation between us.

  1. Property visit – we will send an independent Asset Management firm to inspect your property at a time convenient to you and issue a property report
  2. Agent appraisal – the property report is sent to 2 local estate agents for appraisal and confirmation of value
  3. Contracts exchanged – once the value is confirmed, solicitors are instructed and exchange of contracts can take place in as little as 48 hours
Property Rescue can purchase your property in a time frame that works for you. Our specialist cash buying team consists of experienced property experts with a proven track record of purchasing properties quickly. Within hours of contacting our team, you will receive an immediate offer to sell your house regardless of condition and circumstance. We can typically buy your home in 2 to 4 weeks.

Typically, you will receive 20% less than Market value. To put it another way we offer about 80% of the market value plus we pay all the legal fees and associated costs

There are absolutely no fees, hidden or otherwise.

When you contact us our team of experts work quickly to calculate the value of your property and produce an offer all based on research. We use a variety of tools, which are also used by Banks, RICS Surveyors and Estate Agents.

No, you will not need to pay for your property to be valued. There are no hidden costs with Property Rescue and that includes our valuation on your property. Once you reach out to us, we will schedule an appointment with a reputable asset management company to thoroughly assess and document your property. The findings will then be sent to local and independent estate agents to provide an accurate valuation.

Once you contact Property Rescue, our team work diligently to complete thorough research and provide you with a fair cash offer as quickly as possible. In fact, you can typically expect an offer within 24 hours of contacting us. In many cases, we are able to make an offer on the same day. For situations that require more urgency, we will do everything in our power to ensure your needs are met.

Once your sale is complete, we will transfer the funds to your appointed solicitor, who will handle the transaction your behalf. The entire process typically takes only a few days, ensuring you receive your funds in a timely manner. We will pay off your mortgage and the remaining proceeds from the sale will be deposited into your bank account.

Customer confidentiality is of paramount importance to Property Rescue. We will never share your details with anyone. We are proud of our ‘Best in Class’ practices and we always act with complete discretion. We follow OFT Guidelines, and we are regulated by the Financial Conduct Authority (for Sale and Rent Back) as well as being members of The Property Ombudsmen. We don’t put ‘For Sale’ boards outside the property or anything that could draw attention to the sale of your property. If we visit your property, we ensure discretion. Our testimonials show how discreet and confidential our service is and they can be found here.

If you need more information about selling your home then don’t hesitate to get in touch, we will be happy to provide you with our expertise at no cost to you. Call us on 0808 273 6934, E-Mail sales@propertyrescue.co.uk or complete our online enquiry form.

Can’t find the answer you’re looking for? Feel free to contact us