Disadvantages of the sell and rent back scheme
The major advantage of the sell and rent back scheme is the fact that homeowners are selling their properties for less that their actual worth and this may make home owners pay as much as the new owner’s mortgage.
The fact that most people who do the sell and rent back property scheme are those who want to settle some financial debts, relocate or even trying to beat the property chain breakdown, sale agents will drive down the prices of properties of which the owners don’t have a choice but to agree with it. The sell and rent back scheme is unregulated, hence long term tenancy agreements are not secured.