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I Want To Sell My House And Rent It Back?

Question: Hello, I need some clarification please on your “sell and rent it back” offer. I have a house which I have lived in for 3 years now, and we are really struggling financially. This year has been one thing after the other. Anyway, I just wanted to know whether there would be any difference in the rent for a short or long term let? I really don’t know what we will do in the future, but I do like the idea of a long term let – but I guess this means signing a long term contract? Arghh, I just don’t know what to do for the best!!! H&P – Swindon.

Our Answer…

Hi Helen & Paul, Thanks for your email. Sell and rent back is quite popular at the moment with the housing market seeming so fragile. I hope you don’t mind but I have added your question to the website as it is likely other people will be wondering the same.

With regards to the short or long term let – typically the main difference with these is that a short term let is a 6 month renewable agreement and the long term let is anything over a year (it would depend more on your requirements than our own as it really doesn’t matter too much to us) Usually however you could expect a slightly lower rate if you entered in to a long term rent back agreement.

The main driving factor should however be your needs, and if required we can tailor our agreements. As it states on our main website there are no additional charges for a rent back service. Sorry I could not give you and specific figures as you have not submitted the online application form yet – as soon as you do we will know a bit more about your house and this will enable us to provide the full rental cost details for a short / long term let.

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The answers above are provided in good faith, to the best of our knowledge. Whilst we always try to be accurate, we can not guarantee there legal accuracy. For that reason we recommend that in addition you carry out your own research and / or seek professional legal advice.

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