According to a report on the BBC, research conducted by Rics discovered that the number of people moving house is at its lowest level since records began back in 1978. This is problematic for many homeowners who find themselves with debt management problems and need to sell their properties as the housing market is so slow that it is decidedly more difficult to sell than it once was. As such, many homeowners are coming to see the benefits associated with sell and rent back schemes which serve the purpose of quickly releasing equity from the home which can then be used to tackle mounting debt problems resulting from the credit crunch in the UK. An additional benefit of the sell and rent back house schemes is that it allows the homeowner to continue to rent the house once the sale has been complete. This gives them the requisite time to take stock of their financial situation and to decide what their next step should be.

You might want to take advantage of one of the increasing number of sell house to rent back schemes that are available to help people manage their financial hardships.

In a sell house to rent back scheme, a property specialist arranges to purchase your house and gives you the opportunity to become a tenant. Instead of paying a monthly mortgage, you pay the rent. The rental rate is typically less than your monthly mortgage repayment.

Also, you can have the opportunity to buy your property back, when your financial situation improves. This house selling and buying option is particularly useful if you have suffered a temporary setback, such as illness or job loss. Once you are back on feet you can make arrangements to buy the house again.

As can be guessed though, this selling and renting back service comes at a price. The property specialist will typically pay a discounted price in return for the house rent back service. The price they pay varies dependent on your real property, type, and location, you can expect to get an offer of about 10 to 20 per cent below the market value of your property.

You are probably thinking is selling and renting back a property right for my family and me? Every individual's situation is completely different and depends on your individual family circumstances. You must be prepared to pay enough to the lender that buys your property to cover all expenses that he or she has incurred by buying your home. So in other words, the home owner would need to pay the lender enough to cover interest charges. Otherwise, the lender or the home buying company you have chosen to do business with may not go for the whole idea.

Apparently if you do not have any equity in your property, it is going to be hard to find a lender or company to help you with this business plan of house selling and renting back. If you have equity in your home then it will be much easier to find someone to sell and rent back property and it would be a great option. This also makes it easier if you are planning on buying the house back later down the road once things get into a better situation for you and your family.