It is common to see many person's wishing to release equity attached to their property. But, they are not interested to leave their homes. Otherwise, they may desire to get out of their loans. The sad possibility is that their lender may be forcing them for early vacation of the house. And in all probability, they might have been trapped in a financial whirlpool. They may feel like selling the house and moving out; but, 2nd chance housing provides you a viable alternative.

You may be sentimentally attached to the fact of continuing in that house for a variety of reasons. Due to various factors viz. school education of your children, your accessibility to local community, even wavelength of your friendly neighbours, the hereditary ownership of your ancestral property, the salubrious environment of the surroundings, easy reach of market/bus station & the like. You may be psychologically attuned to the present place of dwelling.

With sell and rent back scheme, you can continue to stay in the same house for some more time. Eventhough you are not the legal owner of the house, you can practically enjoy staying there. What is required is your prompt payment – full amount on the prescribed date. The roof becomes yours temporarily.

This scheme is an useful option under specific circumstances:

• When you are subjected to monetary setbacks and need to release equity for your property for your property.
• When you are facing repossession an when you need to pay off your mortgage amount and other loans.
• When your money is tied up in your house and when you want to release capital for your unforeseen eventualities.
• When your marital life is subjected to stress & hence leading to the inevitable stalemate divorce/separation.
• When your job opportunities abroad force you to stay overseas and when you need to sell quickly and rent back for a short time till your own flat gets ready for occupation in the country of your career.

Renting Back:

Your Tenancy:

At 2nd chance housing, you are permitted to continue staying in your home. This is possible when you pay your rent in full and on time each month. If this is followed systematically, your tenancy rights will be automatically renewed every 12 months. We are members of the national landlords association, an umbrella organization of the tenants. As members, we are governed by a code of conduct stressing for equal rights to the tenants & the landlords.