Sale and Rent Back schemes

If you’ve got a solid credit score, remortgaging can often secure a lower interest rate than personal loans or credit cards. It allows you to borrow against your home’s value, while keeping ownership, spreading repayments over many years to keep things manageable.

It’s best for homeowners with a stable income who want to reduce monthly payments or release equity without selling.

Unlike remortgaging or SRB, an unsecured loan doesn’t require your home as collateral. If you need a smaller amount (£5,000 to £25,000), it can be a faster and easier way to access funds without committing to a long term mortgage change.

Unsecured loans are best for short term financial needs where remortgaging isn’t an option.

Equity release is for homeowners aged 55 and over, equity release lets you unlock cash while staying in your home. Most plans don’t require monthly repayments – instead the loan is repaid when you pass away or move into long term care.

Equity release is best for those who need access to cash without increasing monthly expenses. The industry is FCA regulated and includes protections like the “no negative equity guarantee”, meaning you’ll never owe more than your home’s value.

Selling your home to either rent or move somewhere else entirely with no intention of staying on the property ladder can clear debts in one go, without the risk of rising interest rates. It also gives you the flexibility to move somewhere more affordable or even rent while you decide your next steps.

It’s best for anyone facing financial strain, who wants a clean break.

If selling completely isn’t right for you, downsizing can be a happy middleground. Moving into a smaller home means:

• Lower mortgage payments

• Reduced council tax & energy bills

• Less maintenance & running costs

If your home has increased in value, downsizing allows you to release equity without taking on new debt. For older homeowners, it can also mean moving to a more accessible, easier to manage property. It’s best for homeowners looking to reduce expenses while staying on the property ladder.

Equity release can provide a quick solution to immediate financial challenges, but it’s important to consider the bigger picture. It may limit your ability to save, invest or leave an inheritance for your loved ones.

For instance, by releasing equity from your home, you reduce the value of your property that could be passed down to future generations – a concern for many homeowners who want to prioritise leaving an inheritance. Research has shown that strong motivations to leave assets behind often limit the demand for equity release (Mullings & Hamnet, 1992).

Additionally, while equity release is regulated, the existing protections might not fully safeguard vulnerable elderly individuals. Inconsistencies in financial advice and the self regulated nature of the market have raised valid concerns about whether homeowners are always adequately protected (Leong, 2014).

Home reversion schemes usually offer lower payouts compared to the actual market value of the property. This is partly because providers account for the homeowner’s lifetime tenancy and the uncertain future value of the property (Downie, 2004).

You could face Capital Gains Tax or Income Tax, depending on your situation, especially if the property isn’t your primary residence:

• Capital Gains Tax: Selling part of your home in a reversion scheme may create future Capital Gains obligations for the reversion company, with potential for confusion over tax responsibilities. 

• Inheritance Tax: Equity release lowers your estates value, reducing Inheritance Tax liability but also diminishing the inheritance left for your family.

• Income Tax: Funds from equity release are tax free, but any income generated from investing the money may be subject to income tax.

• Means tested benefits: A cash lump sum from equity release could push savings over the threshold, affecting eligibility for benefits like Pension Credit.

You don’t have to worry about complicated contracts or hidden catches. Selling for cash means a clean break – no longer term commitments, no strings attached. Unlike other schemes, there’s no risk of losing your home down the line or having the terms suddenly change on you.

Need money quickly? Selling for cash is one of the fastest ways to free up funds. You could sell and complete the process in as little as 7 days. No waiting around for buyers, no property chains, and no last minute fall throughs – just a simple, guaranteed sale.

With cash sales, you’re in the driver’s seat. There are no conditions like staying in the property or paying rent to a company afterward. It works for everyone – unlike equity release, which has strict rules around age and how much equity you’ve built up.

Unlike other options, selling for cash doesn’t leave you with debt or interest payments to worry about – and it will never leave you in negative equity. Once the sale is complete, you’re free to move on without any financial strings holding you back.

The process is simple and handled for you. A trusted cash buyer will take care of everything, including legal costs, so you don’t have to stress. You’ll know exactly what you’re getting - no surprises, just a fair and straightforward offer.