The Sale and Rent Back Blog

The W Family’s Sale and Rent Back Success Story:

Mr and Mrs W are self-employed, and had had a few difficult months with their business, which meant they were unable to afford their mortgage payments. They were able to pay off their arrears, but their mortgage company, who was treating them very badly, was intent on repossessing their home and had set a court date. Although the W’s would have had a very strong case in court, they decided they did not want the stress of dealing with the mortgage company any longer.

They decided that Sale and Rent Back would be a better option for them. You Stay were able to help the W Family stay in their home, and they are now paying less in rent than they were on their monthly mortgage payments. They were also able to pay off their credit card and car loan, and will never have to deal with the mortgage company again.

Mr & Mrs D’s Sale and Rent Back Success Story:

Mr & Mrs D contacted us because they had fallen behind with their mortgage payments, and were struggling to catch up again. This had only happened because Mrs D had become seriously ill and had to give up her job while waiting for an operation. It was bad timing that at around the same time Mr D also lost his job, and had to move to something with a lower salary. Although they knew the situation the mortgage company was less than understanding, and harrassed them at all hours of the day, causing Mrs D even more stress. Mrs D did not want to lose her property as she had lived there a long time, and was not in a physical condition to be able to move houses.

You Stay were able to help by offering a Sale and Rent Back with a purchase price that would cover their debts and be enough for a much needed holiday after Mrs D’s surgery. Their new rental was much more affordable than their mortgage had been, and they could now relax, without the worry of the mortgage company hounding them. Things are now really looking up for Mr & Mrs D – the surgery went well, and Mrs D is now working part-time, while Mr D has gained some extra qualifications to allow him to apply for better paying jobs.

This from Mr & Mrs D: “I love my home, and you made it possible for me to stay in it. The house still really feels like mine, the only difference is that we pay rent instead of mortgage. It is still my home and I hope it to be for many years to come.”