You are likely to sell your home for less than the property is worth on the open market. There are many advantages to the sell-and-rent-back scheme; it may seem attractive to someone that has debts, or people that don't want to worry about things like interest rates increasing or decreasing, property prices fluctuating and unexpected property maintenance costs. By choosing the sell-and-rent-back scheme it places people in a position where all they have to do, is pay their rent.

After releasing all their equity from their home, it leaves people in a much better financial position. The main reason why people choose a scheme like this is because, a lot of companies say that they can complete within 7 days and that people don't have to tell their friends and family or even their neighbours and can live in the property for as long as they want.

You must be 100% sure that you are dealing with a reputable company. The most important thing of all, you should never deal with any company, in any form of business at any time, if they don't have an address on their website. It is clear a sign that this company is hiding something and is known as, what we call 'back street business', why would you deal with a company that you can't find or simply visit if you should ever wish to do so.

When it comes to telephone numbers it is very important that the company has a landline telephone number advertised on their contact page or available to you, not just a freephone 0800 number. Because 0800 numbers can be simply be anywhere and are untraceable.