Residential Property Solutions (RPS), the specialist sale and rent back (SRB) firm, has launched a website with a product calculator to help brokers decide if sale and rent back is likely to be appropriate for their clients.
The calculator requires two figures - the value of the client’s property and a realistic monthly affordable rent figure. The calculator then confirms, for Assured Shorthold Tenancy (AST) periods ranging from 2 to 5 years, how much RPS is willing to pay for the client’s home and the discount they’re willing to offer the client if they want to buy back their home in the future.
If, having reviewed the figures, the broker believes that sale and rent back may be appropriate for their client they can then be referred to RPS, which is fully FSA regulated.
The RPS website features a comprehensive range of information for borrowers, brokers and property professionals, including a detailed stage by stage explanation of how sale and rent back works, case studies, downloadable documentation and a broker registration facility.
Pete Thomson, sales director at Residential Property Solutions, said: “Since we opened our doors for business in May last year, Residential Property Solutions has been determined to present sale & rent back in a clear and professional way, so that brokers can see that it’s a valid alternative for borrowers facing financial difficulties.
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