Sell My House and Rent It Back
Sell your house and stay in your home while accessing cash quickly.
Are you looking to sell the house you currently live in and rent it back? Whether you want to release the equity that’s tied up in your property to pay off debt, improve your financial situation, fund your retirement accounts, or access a large sum of cash without having to move out, a sell-and-rent-back arrangement could be the solution you’re looking for.
At Sell House Fast, we can sell your property and deposit its cash value straight into your bank account in as little as 7 days. As part of our commitment to you, we will discuss and agree on the rental terms and will happily rent the place black to you.
Sell Your House and Rent It Back With a Guaranteed Cash Offer
Finding a buyer for your property who will allow you to rent it back from them can be quite challenging. This is mainly because most potential buyers would rather have the property vacant at the time of purchase, so they have the flexibility to use it as they see fit.
The good news is that finding a buyer for your property that will allow you to rent it back from them doesn’t need to be a stressful or drawn-out process. To make selling and renting back your property easy and hassle-free, at Sell House Fast, we offer a sell and rent back scheme that allows you to sell your property to us and continue living in it as a tenant.
If you’d like to explore the opportunity of selling your property to us and renting it back, request a free cash offer through our website today. Alternatively, you can also give our team a call on 0800 368 4757 to learn more about our process.
What Is Sell and Rent Back and How Does It Work?
Sell and rent back is a scheme that allows homeowners to sell their property to a buyer like Sell House Fast and then continue living in it as a tenant once the sale is completed. It is a common arrangement in the UK that will give you the ability to release the equity tied up in your property without having to move out.
The way it works, especially when you sell through us, is very straightforward. You sell your property to us at an agreed price, we agree on the terms of the tenancy, and complete the sale. The whole process can take as little as 7 days.
How Selling Your House and Renting It Back Releases Equity
When you sell your house and rent it back, you’re essentially converting the value of your property into cash without having to leave your home. The equity that was previously tied up in your property is released to you as part of the sale, which gives you access to funds that you can use as you see fit.
How much equity you stand to release will depend on two factors, including how much your property sells for and how much you currently owe on your mortgage. If you have £30,000 left on your mortgage and your home sells for £200,000, you’ll walk away with £170,000 in equity once the sale is complete.
How a Sell and Rent Back Agreement Is Structured
A sell-and-rent-back agreement is made up of two parts. The first is the sale of your property, and the second is the tenancy agreement that allows you to continue living in it once the sale has been completed.
The sale side of the agreement works in the same way as any other cash property sale. We agree on a price, carry out the necessary checks and surveys, and once everything is in order, the sale is completed, and the funds are transferred to your bank account.
Once the sale is complete, the tenancy agreement comes into effect. It sets out the terms of your rental arrangement, including the rent you need to pay each month, the length of the tenancy, and the rights and responsibilities of both parties. From that point forward, you remain in the home as a tenant, and we take on the role of your landlord for the duration of the agreement.
What to Consider Before You Sell Your House and Rent It Back
Before you sell your house and stay as a tenant, you need to be certain that you’re making the right decision. To help you make the most informed decision, here are a couple of factors that we’d recommend you consider:
- Make sure you’re comfortable with the rent and the length of the tenancy agreement
- Think about whether renting back is a short-term solution or something more permanent
- Consider whether the money you’ll walk away with is enough to achieve your goals
- Think about the fact that at some point, your landlord may want to sell the property
- Make sure everyone living in the property is on board with the decision
If you’re certain you want to sell and stay in the home as a tenant, the next step is to get a free, no-obligation cash offer from us. Once you’ve provided us with the information we need, we’ll give you a call back within 24 hours with our cash offer.
How Sell House Fast Can Help You Sell Your Home and Rent It Back
At Sell House Fast, we are one of the UK’s most trusted and well-established cash house buying companies that regularly buys properties from homeowners who want to release equity and stay in the home as a tenant. Should you decide to sell and rent the property back from us, below is the process that you can expect, step-by-step:
- You request a free, no-obligation cash offer from our website
- We review your information and provide you with a cash offer within 24 hours
- You consider our offer and decide if you want to move forward with the sale
- We carry out a comprehensive condition report of your property
- The condition report gets sent for an independent valuation
- The valuation comes back, and we confirm the final sale price
- We instruct our legal team to prepare the necessary paperwork
- We carry out one final property survey to ensure nothing was missed
- We discuss and agree on all the terms of the tenancy
- We complete the sale and transfer the funds directly to your bank account
FAQs About Selling Your House and Renting It Back
Need more information? Our team is available on 0800 368 4757. You can also find answers to the most common questions below.
What is sell and rent back, and how does it work in practice?
How long can I stay in my home after selling and renting it back?
Will I receive the full market value if I sell my house and rent it back?
How is the rental amount set after a sell-and-rent-back agreement?
Is selling and renting back my house regulated in the UK?
Can I sell and rent back if I still have a mortgage on my property?
What are the risks of selling my house and renting it back?
Insights on selling a property, money and finances
See all articles
Get a cash offer for your property today
Enter your property details to receive a free, no-obligation cash offer for your home, buy-to-let, or inherited property.
Get Your Free Cash Offer