sell then rent

[wonder years]

at the moment our street is getting bought up by landlords they are putting decent people in which is okay there is a lot of companies advertizing sell your house then rent it back, the situation were are in is that i work parttime my husband is on invalidity we just manage the morgatge and other things if we rented we would get help with rent but no morgatge help even off the building society, i often wonder should we sell then rent back ? welcome your veiws on this

[ugly_bob]

ok.
Don't know your specifc situation, but a month's rent is often more than a month's mortgage for the same property. You may be able to get help (from the DSS or whatever they call themselves nowadays), and it's up to you whether it's worth it or not.
If you're in the first year of your mortgage, it probably is, if you're in thel ast it's probably not etc

[sandbach99]

If you sell your house you will receive a cash sum which may stop you receiving any help with the rent or mortgage, are you thinking of selling all or part selling the property because if you sell all there will not be any mortgage liability.

[wonder years]

thanks for the replies they really helped

[yummymummy]

A bit late in answering this I know, but there have been concerns that this kind of arrangement can mean that people don't get Housing Benefit as it isn't always classed as a proper tenancy. Just something to bear in mind.

[wonder years]

just got your message yummymummy i wil try to find out more about that thanks

[Nichioljac]

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