There used to be a time when not being able to afford your monthly mortgage repayments meant leaving forever the place you have called house. While the situation itself may be inevitable, a home buying company might be able to help. Home buying companies are in business of selling and renting back properties to people who are at risk of losing their homes to repossession or for other pressing reasons that are usually beyond your control.

After assuming ownership of the home owner's property through the house sale, home buying company rents the property back to the former owner(s) who then become a tenant rather than a homeowner.

It could work out as a win-win situation for both parties. If you are facing a home repossession, selling and renting back is an option that is at least worth investigating. And even if you are not facing a property repossession, but need to get out from underneath your mortgage for any other reason, working with a home buying company is a great solution for many. Even people who are not facing home repossession will often seek a sell and rent back scheme in order to obtain an equity release to satisfy the terms of a divorce or separation settlement, step up to a bigger house, or for any other reason.