Over the last few years we have heard about the massive profits which many people have earned in the property markets, the continuous price rises and the forecast for further growth. While this is coming to an end with the onset of the worldwide credit crunch and impending recession in areas such as the UK and US, what can you do if you are sitting on a large paper profit on your property, but maybe have other debts you need to pay back? Or maybe you are having trouble with your mortgage payments?

Many people are now looking at the sell and rent back market, a market which can allow you to live in your home and release potentially enormous amounts of cash from your assets to maybe settlement debts elsewhere. For those who thought that the property market may well dig them out of a financial hole, but wanted to remain in their property, can there be a better solution?

As well as raising cash from the sale of your home, you will also be able to sign up to a legal tenancy agreement to live in your home for months or years, paying a rent which is commercial and enables you to pay off other debts. It will also give you the opportunity to bide your time and maybe readdress your financial situation before you venture into the property market again. As markets start to fall back would you really want to rush back in?

This is just one of many options open to those looking to balance their finances, but it is one which more and more people are seeing as a viable alternative.