SELL AND RENT BACK IN STOKE-ON-TRENT

As the name suggests the city of Stoke-on-Trent is situated on the river Trent and is approximately half way between Birmingham and Manchester and is really made up of five towns that have converged together.

Although its earliest economy (and perhaps its largest industry) was based on coal mining the city of Stoke-on-Trent is probably known best for its pottery industries which prevailed here for around three hundred years and gave the area the nickname ‘The Potteries’. Indeed some of the most renowned names in the business such as Royal Doulton and Wedgewood were founded and based here.

Unfortunately with the general decline of the UK manufacturing sector during the nineteen eighties and nineties the cities unemployment levels fell dramatically to well below the national average. Since the turn of the century however more and more businesses have found Stoke to be a place with a skilled workforce in need of employment and cheap enough property from which to base their business and so the cities fortunes have improved somewhat.

Even this hasn’t stopped Stoke feeling the effects of the current economic problems and this has again resulted in rising debt levels and home repossessions. In this climate many people have found sell and rent back a way of staying in their homes, relieving some of their outgoings and at the same time paying off some or even all of their debts.

In Stoke we have in the last few years seen a steady rise in the amount of Sell and Rent Back enquiries we’ve received. The main reason for this seems to be the amount of people attempting to lessen their living costs.

Selling your property in Stoke and then renting it back can help by firstly by shifting high mortgage payments into lower rental payments and also by cutting completely the cost of property upkeep as this is then undertaken by the property investor. At Compare Property Buyers we compare only investors authorised and regulated by the Financial Services Authority to undertake Sell and Rent Back agreements.

Both Sell and Rent Back Deals and fast property sales also have the advantage of fast completions timescales, no estate agent or legal fees and no need for a home information pack. Compare property buyers is authorised and regulated to undertake Sell and Rent Back activity to help you find the best deal in Stoke.