I have been speaking with a couple who want to sell and rent back their house. They had always kept up to date with their mortgage payments,however the husband was made redundant with little notice. Whilst he has been searching for another job they had built up an amount on their credit cards that they were now struggling to pay alongside the mortgage.
They wanted to avoid repossession in the future and sell and rent back so they could pay off their credit cards and release some equity in the house.
We have made them an offer which enables them to do this and reduces their monthly outgoings which they have said has relieved alot of pressure and helped them to feel more secure about their future.
