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

In a Rent Back Scheme, a company arranges to buy your home and gives you the opportunity to become a tenant. Instead of paying a mortgage, you pay the rent. The rental charged is typically less than your mortgage payment.

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

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