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Sell your house and rent back

1 reply

jenk1 · 14/08/2006 12:45

has anyone ever done this, sold their house and then rented it back from the company?

If so roughly how much market value did you receive and was it worth it?

Thanks

OP posts:
wannaBe1974 · 15/08/2006 13:01

I wouldn't even consider it. While it seems like a good way of getting the value out of your property, these companies don't run these types of schemes for your personal benefit, they run them to make money. So you sell them your house, prob for approx 75% of the market value, you then pay them rent, hence they make more money, and then when they give you notice on your lease, they sell the property on for the increased market value, leaving you and your family to find somewhere else to live.

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