Sale and Rent Back

GDB2222

silvercar wrote: »

I still think equity release, or a secured business loan would be better than risking your home.

A business loan, with you offering a personal guarantee (secured on your home if necessary) would give you money for your business and the security of owning your home.

Or take on a business partner to invest in the business.

To be fair, though, most of those options do risk the home. Any borrowing with a personal guarantee could ultimately make the OP homeless.

Did the OP say how much equity she has?

seasite

GDB2222 wrote: »

... nationalpropertybuyers:
The website claims to be FSA regulated, and yet looking them up on the FCA register [...] you get:
Status: No longer authorised (Reference number: 525465) This is a firm that can no longer provide regulated products and services, but was previously authorised by the PRA and/or FCA
Of course, any firm that still claims to be FSA regulated is fishy, as the FCA took over years ago.

Of course we've searched the internet and also drew the same conclusions as you did!
So Nationalpropertybuyers and many others are already on our blacklist, however we have now contacted propertyrescue.co.uk/sell-rent-back
They are regulated/authorised, but we are not sure yet if their activities are only advising or acting as a broker/intermediary.

movilogo

to release equity for funding our business.

If you can't convince others (bank, investors etc.) to lend money to your business, then perhaps your business model is not viable.

Think again before giving up your home.