One's ?home? is one's dream. Most people have a sentimental attachment to their homes. Moreover, changing home is indeed a troublesome proposition for a household, especially where there are young children or elderly people in the family. Owing to this fact, sell and rent back scheme is fast emerging as an attractive alternative to traditional methods of Equity Release. Sell and Rent Back is a scheme where you have an option of selling your property quickly and rent it back at a discounted rate.

Unlike sell and rent back, a mortgage often results into a situation where a person may have to lose his home. Circumstances like loss of income can happen to anyone and when a home owner has no income coming in; it is easy for him to fall behind his mortgage payments. Once, a person is unable to respect his mortgage payments, it becomes difficult or even impossible for him to catch up. And in such circumstances, the home owner can lose his home forever.

However, when you sell a property to rent back, you usually receive more, often up to 3 times more than you can expect in case of a traditional equity release scheme. Moreover, sell and rent back not only helps you keep the stability of your home, but also relieves you of the pressure of mortgage repayments.

Again, under traditional equity release methods like equity mortgage release or home reversion plans, you would be charged as much as 2.5% fees. However, in the case of sell and rent back you are not required to pay even a single penny to the agency.

A mortgage might result into the repossession of your house as the mortgagor finds house buyers himself. He sells the house to the person who offers him the highest value for the house. However, under the scheme of sell and rent back, the agency not only helps you with quick house sale, but also helps you to get back your house on rent.

Apart from fiscal benefits, you have other advantages to reap. Since the property changes hands quite privately under the scheme of sell and rent back and you continue to stay in the same home, outsiders do not even come to know about it. Such is not the case when you mortgage your home.

With the sell and rent back scheme, you will enjoy peace of mind because reliable selling and renting agencies promise fair treatment to their clients. Besides, you get the cash fast. Under a home mortgage, you neither get money, nor do you get to live in your house.

Sell and rent back method has no age constraints. You can sell your property quick and then rent back no matter what your age is. Usually, under-50s will not qualify for the traditional equity release schemes.

The best aspect of the sell and buy back option is that when the home owner's situation improves, he can avail of the opportunity of buying back his property. The price at which the home owner would be able to buy back the house is set at the time the home owner sells his house and that price won't change regardless as to what happens in the economy. Such is not the case with a home mortgage. Once the home is sold, you cannot get it back. And even if you are able to, you will have to pay an exorbitant amount for it.