SELL AND RENT BACK IN STOURBRIDGE

Stourbridge seems aptly named, being based on the river Stour but was for most of its known existence named Bedcote. Its most notable industry has been glass which mostly evolved around 1600 partly due to the abundance of coal and fireclay for powering he furnaces and was later enhanced by the development of the canal system which enabled the importation of fine sand from Ireland and the exportation of the finished glass to other parts of the country.

Stourbridge glass has widely been recognised as some of the best in the world and has often been given as gifts to royalty and dignitaries. Unfortunately partly as a result of the general decline of British manufacturing due to more advanced and cheaper foreign products the glass industries died out.

The current town is predominantly a commuter town for the larger city of Birmingham and other surrounding more industry based towns. This has unfortunately led to the town being hit by the current economic predicament with rising unemployment, debt levels and home repossessions. As a result we have seen a rise in the number of sell and rent back agreements that have been taken out in Stourbridge as people find ways of managing their finances to keep their homes.

In Stourbridge 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 Stourbridge 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 Stourbridge.