As household bills are about to soar, with their biggest rise since the 1980s, more homeowners could be opting for a sale and rent back scheme to stay financially afloat. Sale and rent back schemes have the added bonus of allowing you to stay in your own property. You sell your real home to a reputable home buying company for a small percentage below its market value, so you can release equity to pay off debts and escape expensive mortgage rates. For some, a sale and rent back scheme gives them the financial breathing space they need to face up to escalating bills.

Tags: 1980s, back scheme, breathing space, household bills, mortgage rates, pay off debts