Hi, my name is Mark King and I am a Cardiff based property buyer. I have been in the business for twenty years and bought over 700 properties in that time.
Sell and Rent Back Exposed
A question I am often asked by potential sellers is if we do a sell and rent back scheme.
Sell and rent back means that you sell your property, you get to stay in your property and rent it back from the new owner. This method was very popular a number of years ago however over the last couple of years this method has actually been regulated by the FCA.
So if you do want to sell your property, but instead of moving you would like to rent it back from the new owner and this is under negotiation, you need to be cautious that the actual buyer is registered with the FCA.
Is Your Buyer Regulated?
There are very few companies or individuals throughout the UK who are actually registered with the FCA for this type of business.
My company do not offer this method, we are not registered and do not operate in this way.
A Typical Offer of a Sell and Rent Back Revealed.
If you are considering exploring the option of a sell and rent back, please be mindful to carry out all the right background checks.
A typical offer for a sell and rent back could see you receiving less than 50% of the open market value of the property.
If you would like to receive a higher offer than a typical sell and rent back offer, please contact us here at Mark King Properties.
We will make you a good cash offer for your property, however you would have to move out of the property and find alternative accommodation by a mutually agreed date.
You can contact me via my contact form here or if you want a quick cash offer click here.
I’ll be happy to arrange a valuation for your property and if you decide to sell I can complete within 7 – 10 days.