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    sell and rent back schemes

    Can anyone throw any light on these schemes please?

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    Sale-and-rent-back companies purchase people's homes for less than the market value, typically 70% to 80%, generally paying all fees and costs, and then rent the property back to the original owners at market rent, or sometimes less than their mortgage payments if these were lower than the rental value.
    Homeowners can use the cash to settle their existing mortgage and any outstanding debts, while remaining in their own home. Some companies offer the opportunity to buy the house back at market value at a later date.

    :thumbsup: Try This Link: thisismoney.co.uk/hel…=90
    They give some real good advice on this issue.
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