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Sale and rent back is a form of property transaction involving the expeditious sale of an owner occupier's residence to a landlord or property company and renting it back from the new owner. This may be done by the occupier to release equity from the home without them having to move out, but there are risks and disadvantages for the occupier.
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2013 July 23 - July 24 (2) — Trelissick House Truro, Cornwall, the Cunliffe-Copeland collection (Bonhams, £3.3m, 835 lots, sold in situ.) 2012 Mar 14 - Mar 15 (2) — Blair Castle, Dalry, North Ayrshire, Scotland, Castle owned by Blair family for over 900 years (Lyon & Turnbull, £1.2m, about 932 lots, items viewed in situ, sold in Edinburgh).
In the UK, historically, auction houses were perceived to sell properties which may have been repossessed — where a home owner fails to make regular mortgage payments — or were probate sales ( i.e., a family home being sold by the heirs). However, more recently, selling at auction has become an alternative to a normal property sale, due to ...
Tennants is an auction house based at Leyburn in North Yorkshire, England.It claims to be the largest family-owned fine art auctioneers in the United Kingdom. The firm holds some 80 auctions a year and attracts buyers and sellers from around the world. [1]
House Auction is a programme on the United Kingdom television station Channel 4 [1] which aired during the channel's weekday daytime programming. As the name suggests, the show features cases of housing or property for sale at auctions, and follows the story of what happens with the property being refurbished and made into a home or some type of business such as, in one case, a dentist.