Stay in your home until you are ready to move.

Emigrating to homes overseas has become more popular over the last 10 years.
The appeal of warmer climates and a better lifestyle has led many to leave
their UK houses and take up residence in a foreign land. Whatever the reason
for moving abroad the issue of timing the sale of your UK property can become
difficult.

There is now a short term sale and rent back service so you can complete the
sale of your house and continue to live there until you are ready to move to
your overseas home. This can provide you with greater flexibility and put you
in a better position to negotiate to buy your new home. As a cash buyer, your
offer will be considered much more favourably than from a buyer with property
to sell.

The offplan advantage

If you have purchased your new home offplan you may not have an exact date to
move in. There are many factors which can delay construction, so if you are
waiting for completion it will be easier to stay in your existing property
while the building is finished. This saves having to sell your home and move
into temporary accommodation which can be expensive and inconvenient. A short
term rent-back contract can ease the transition between homes, your property
can be bought quickly too if you need to raise money fast. Many new build
projects require staged funding which can be paid for through the release of
equity in your UK house.

Renovation works

If the property you have purchased is in need of renovation or is
uninhabitable due to building works, we can help. By selling your UK home and
renting it back while the construction work is being carried out it will
mean that you can release cash to fund the work and stay in your home in the
UK. Most banks will only provide limited funding for overseas building
projects so a sale and rent back can provide the finance for your new home.

Exchange rate fluctuations

Buying a property overseas can prove to be much more expensive than you
planned if the exchange rate between currencies fluctuates. A small change in
the rate of the currency you are buying in can make a significant difference
to the price you actually pay for the property. Your new villa or apartment
can cost £1000s more if the rate goes against you. There are forward currency
buying services available but they can be a gamble and limited in their scope.

It may prove to be a better option if you can place the cash to buy your
property in a foreign bank in the currency of the country you intend to buy
in. This way you can be sure that the money you budgeted for will be
available for the purchase. A sale and rent back of your UK home will release
the funds to facilitate the buying of foreign currency in your country of
choice.