Rent-back an option for some
Published Date:
16 July 2008
By claire lark
HALF of homeowners would consider a sale-and-rent-back scheme if they faced having their property repossessed, a survey has revealed.
Around 50 per cent of people said they would think about one of the schemes if they could no longer afford their mortgage, according to money website Fool.co.uk
But the group found that people had low levels of understanding about the schemes.
Some 26 per cent of consumers thinking they would be able to stay in their home for as long as they wanted to, while 15 per cent thought they would be paid the full market price for their properties.
The full article contains 111 words and appears in Fleetwood Weekly News newspaper.
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Last Updated:
15 July 2008 3:43 PM
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Source:
Fleetwood Weekly News
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Location:
Fleetwood
