Be wary of sale and rent back operators

 

after a long time of picking up no media coverage companies that offer sell home rent back schemes are now under the media spotlight.  We have seen a flurry of activity in the press concentrating on landlords who offer to buy house's and rent it back to the old owners.|}

 

Rent Back schemes do offer an important service to those people who want to release equity, escape repossession, or sell quickly to emigrate or move. Consumer groups are slightly concerned that rouge sell and rent back operators wish to get the tenants out as fast as possible to sell the property to make quick profits.. Most Rent Back operators take a long term view and do not intend to sell. For these operators having a tenant who treat the house like they did when they owned who intends to stay for a long time sell and rent back tenants are ideal as they mean few rental voids and maintenance issues. These landlords see their houses as an asset that will go up in value so would like more long term tenants.

 

Homeowners who are looking at a sell and rent back scheme should be made aware of the pitfalls and talk it through with the person who is buying their home. By asking questions like how will my tenancy be secured you will get and idea of the people you are dealing with. Ethical sale and rent back operators can also provide references from people who have taken up the sell and rent back option.

 

RentBack Direct is such a company with good references and ethical standards.Contact them regarding sell home rent back and you will not be dissapointed.