The concept of sale and rent back is a sound one but it does not suit all circumstances. Careful consideration should be taken before entering in to such a scheme.

With interest rates static at 5%, living costs and fuel prices rocketing increasing numbers of people are struggling to keep pace with mortgage payments, and other debts secured on property.

The Ministry of Justice said 28,658 house repossession orders were made by the courts in England and Wales in the second quarter of 2008. This was […]

With higher interest rates and the effects of the credit crunch, homeowners face a greater risk of having their houses repossessed than they behave been since the 1990s.
According to the Royal Institution of Chartered Surveyors (RICS), around 45,000 homes will be repossessed in the coming year – this equates to 123 repossessions every day.
This represents […]

Your credit record is used by lenders and credit providers to decide whether you are reliable enough to be given credit, and, as such, it is vital to have as good a credit history as possible.  A good credit rating will mean that you will be able to borrow money, and at more favourable terms […]

One of the main reasons that people choose a quick house sale is because they have fallen into financial problems and are faced with mounting debts and the threat of repossession.

By David Stubbs
Senior Economist with Royal Institution of Chartered Surveyors (RICS)
Over the last decade investing in property has been a hugely profitable strategy. Those who bought investment properties in 1996 were purchasing an asset with a gross yield of more than 9% financed with borrowing at interest rates below 7%.

Many UK homeowners with patchy credit histories may be forced to put their properties on the market next year, as lenders get tough.
The Council of Mortgage Lenders (CML) warns that, due to the recent credit crunch many homeowners will face higher mortgage payments.

Many homeowners will have been relieved by the Bank of England decision to cut interest rates by 0.25% to 5.5%, but money experts are warning that it ill take some time for the benefits to trickle down to homeowners. The reason is that banks are currently lending money to each other at 6.65%, which is […]