Sell and Rent Back: A genuine alternative to equity release

There may come a time when you wish to release the equity contained within your home and receive the amount as a cash lump sum. Perhaps you need cash to start up a new business, pay off a pressing debt or avoid impending house repossession. Whatever your reason for wanting to free up the cash value of your home, MPG Investments’ Sell and Rent Back solution is the answer for you.

By selecting to exercise this cash release option, you elect to sell your home to MPG and continue living in the abode as a tenant, for a rental amount commensurate with (or at times, even below) the industry and area-specific averages. The benefits of the Sell and Rent Back scheme are manifold, and the system is the ideal choice for anyone wanting to release their home’s equity without having to find alternate accommodation. Keep on reading to discover how this financial tool can help you solve your financial quandaries quickly and effectively.

Hidden risks of traditional equity release schemes – solution: MPG sell and rent back

Equity release systems have been around for many years, and as newer, quicker schemes have begun to hit the UK market, it has become increasingly easy for individuals to free up the cash value of their homes.

But at what cost?

Many of these systems promise that the lump sum you’ll receive will solve all your monetary woes – but what actually happens once you’ve settled your debt and you have nowhere to live? In many cases, equity release programmes pay you out amounts that cover your debts, but leave you destitute as a result.

You may also elect to re-mortgage your home in order to free up its cash value. This has been a regular choice in the past, but despite its popularity it is not without its pitfalls. By re-mortgaging your home, you’ll be able retain your dwelling, but are likely to find that the repayments on your second loan, combined with the instalments you pay on your initial loan, places you even deeper into debt. This is hardly the best way to go about solving your financial issues, as it merely replaces one debt with another that is even greater. Furthermore, should you default on your second mortgage repayments, your home can be repossessed – no questions asked.

How is MPG’s Sell and Rent Back system different?

MPG Investments realised that the temporary fixes available to UK home sellers left much to be desired in terms of financial sustainability and housing issues. Releasing home equity, for many homeowners, was simply too risky.

Equity release is often an effective means of reducing debt and freeing up much-needed funds – for a myriad of reasons. However, when the process is inflexible, costly and ultimately risky, it can create more problems than it solves, resulting in an even worse financial predicament months or years down the line.

It is for this reason that MPG devised the Sell and Rent Back solution – an innovative equity release programme that will free up the cash value of your home and still allow you to remain as a tenant in your house. There are several advantages to this type of scheme: Not only will you be able to settle your debts, start up a new business or pay your children’s tuition fees, but you won’t have to move out of your home as a result. MPG will buy your house from you, pay you out in cash, and then rent the house back to you at an average (or below-average) market rate. Certainly, you may need to set a certain percentage of the lump sum aside in order to cover your rental payments, but you’ll be able to solve your financial woes without incurring more debt – or packing a single bag!

Sell and rent back - A single solution to all your financial worries

The Sell and Rent Back option from MPG is not only straightforward and transparent, but quick and convenient too. You won’t be forced to subject your financial fate to the auctioneer’s gavel, and neither will you have to face the humiliation of repossession. And, best of all, no one need know of your monetary issues. Because you won’t be compelled to relocate, friends, neighbours and family members will have no idea that you’ve sold your home and are renting it from MPG. It is the cleanest, most reliable answer to your most pressing financial requirements, and MPG makes it easy.

Why not give contact us today on 0800 634 9231, and find out just how quick and hassle-free it can be to release your home equity? Our professional consultants are sure to help you find the ideal solution.