You must not be bullied by your buyer.
There are a number of points to consider if you are thinking of selling your property and then renting it back from your buyers.
Firstly, your purchase could fall through leaving you without an onward purchase and being potentially homeless should the tenancy you take with your buyer come to an end before you find another property to purchase and complete on in that time.
Secondly, what will the terms of the tenancy with your buyer be?
Thirdly, if you are porting a mortgage do you have to redeem your mortgage on the same day or within a specific time of redeeming?
Taylor & Emmet LLP
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Andy on 13/11/2020
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14B Chequer Street
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