SELL AND RENT BACK IN SOUTH SHIELDS

Situated where the river Tyne meets the North Sea, South Sheilds is naturally placed to be a predominant trading town and indeed there has been a settlement here for at least two thousand years.

Although at times in its history it has been an important landing site both traders and invaders, around the twelfth century due to complaints from Newcastle that it was taking trade away an order was made that no ships should be allowed to load or unload at the town and so South Sheilds had to rely on its fishing trade.

Since that time until the present the town has had many important industries from salt and glass manufacturing to coal mining and chemical production. The industrial revolution saw several shipyards open in Sheilds and for a while this became one of the largest sources of employment.

With the scaling down of industry in the area at large South Sheilds has had to look to other ways to make money. Being coastal naturally means tourism now makes up a large part of its economy but the town has largely become a commuter town for larger towns such as Newcastle and Sunderland.

Unfortunately this has meant that the town has been hit by the current economic situation and rising debt levels, unemployment and home repossessions has meant that we havealso seen a rise in the amount of sell and rent back enquiries from this area as people try to find ways out of financial difficulties.

As we all know the past few years have been turbulent with many people in the South Shields area and the UK as a whole finding themselves under increasing financial pressure. Many have found Sell and Rent Back a way to cut their living costs by freeing themselves from high mortgage payments, and in many cases also providing them with a way of attaining the equity they have built up in their properties to help pay off debts.

If you think that Sell and Rent Back might be for you then Compare Property Buyers can compare national and investors local to South Shields to help you get the best deal possible. Sell and Rent Back and fast property sales also have the advantage of no legal fees, no need for a home information pack and both have fast completion timescales.

Compare Property Buyers is authorised and regulated by the Financial Services Authority, and we only compare Sell and Rent Back property investors who are themselves regulated.