Anyone who has ever been caught in a notorious housing chain will know first-hand the stress and financial pressure it can cause. Horror stories abound. But this situation can be eased if homemovers consider a rent and sale solution.

Chains occur when one of two things happen: either a homemover has bought a property but cannot move until they've sold their existing one, or has sold their current property but has yet to have a purchase completed on a new one.

This can hold up home moves for months – and all too often a party can pull out of the deal, which can result in excessive legal, survey and mortgage costs for everyone else. The problem can occur several "links" of the chain away – with the house that the person you're buying off wants to buy, or further – but it has repercussions all the way down the sale chain.

Some people escape the chain with a bridging loan – an often-expensive loan to cover the difference between the mortgage on their current property and the purchase price of the new one. This can mean juggling two home loans at once until the sale completes, which can really squeeze the purse strings. And many finance companies will only give bridging loans to people with top-notch credit ratings.

The benefits of rent and sale
This is where rent and sale can come in. The home move process can be made so much easier if you can secure a firm, fast sale on your current property – and if you can complete the deal and get the money in the bank, it becomes all the easier. You know exactly what your budget to buy is and can offer a vendor a quick sale – something that will tempt them into accepting your offer, and they might even be attracted enough to take a cut-price offer to boot.

Rent and sale deals can come as part of a package. If you've got time to find the right property, or want to cash in the equity on your property now and believe prices will be lower in six months, you could sell-to-rent. This means you get a quick house sale, pay the mortgage off, bank the cheque, and sign an assured tenancy agreement that means you can live in your home for an agreed period of time – usually six-months to a year (with an option to continue afterwards).

Alternative rent and sale approaches
For those that want to move faster, shorter term rents are available although mean that you will need to move twice – once out of your current property, and then out of the new property. This kind of rent and sale approach often suits those buying newbuild properties where delays mean the purchase cannot complete – and you can't move – until the build is complete.

And if you've got a decent amount of cash left over when you rent after the sale it can be sit in a high-interest account earning interest – which can provide a few treats to welcome you into your new home when you do move into it.

Rent and Sale with rentandsaleltd.co.uk

If you're caught in a financial house-trap, rentandsaleltd.co.uk can throw you a life-line.  Rentandsaleltd.co.uk offers a sell and rent back scheme for those who like living where they are and want to maintain stability but are facing mortgage arrears, repossession, bankruptcy and debt or concerned financial meltdown is looming. The rent and sale scheme is an alternative to selling up and moving, allowing you to stay put and find financial solutions. Rentandsaleltd.co.uk will buy your home and allow you to continue living in it as a tenant. Find out more, call Rent and Sale Ltd. today on: 08000 255 920