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Rent Back
A good
solution to the credit card nightmare is a scheme called
Rent Back. By selling your property and renting back
from the purchaser at a market rate you can stay in your
home, with no need to move your family or change schools.
You will be able to pay off your debts and live as you were
before your debts spiralled out of control.
You will
become a tenant, usually with a six month agreement and the
new purchaser will become your landlord.
Rent Free
You may also be eligible for a payment
holiday, which means that you may have a rent free period of
up-to six months before your rent payments are due. The
payment holiday will be deducted from the equity in your
house as will your debts. The equity in your property will
probably have increased if you have lived there for several
years as house prices have moved upward. If you bought your
house over five years ago and have not increased your
mortgage significantly in that time you will have a good
equity level in your home which will be released to clear
down your debts. The purchasers solicitor may contact all of
your debtors including your credit card companies and banks
in order to pay off all outstanding debt. You will then be
in a position to spend any additional funds as you wish.
Improve your credit score
This form
of
debt relief can also help improve your credit rating as
you will have proven that you have been able to repay your
loans and credit cards. Having a good credit score can be a
real boost to your moral if you have been in a position of
debt. You will find that having no money worries can
dramatically improve your state of health and greatly reduce
your stress levels.
Selling
your house and renting back should be quick and painless
process, all your legal fees are paid and all the paper work
will be done for you. Your mortgage payments will be
converted into rent payments and a new direct debit will be
set up. You may even have some extra cash available to treat
yourself to a holiday or a better car! Rent-Back.net
offer a personal and courteous service, and treat every case
on an individual basis.
Call now on 01803 402287
or enter details here
Eliminate the worry of debt.
Enjoy cash freedom. |
