Sell To Rent Back As Crunch Hits Cosy Classes

According to a report in the Telegraph newspaper, home owners in Middle England are beginning to feel the crunch. Sell to rent back schemes would have never have been a necessity for most high income earners but the problem is based in the over-inflated property market. Those home buyers who over borrowed or bought houses based on up to 5 times their annual salary are now facing difficulty as wages aren't rising to match the rising cost of living. Those with higher salaries tend to have higher outgoings that are just as risky as those on lower salaries - which could lead to more middle classes turning to sell to rent back schemes as a way to get a handle on their debt.