The financial implications of selling a house and renting it back starts from the reasons why one is going into such agreements. Basically most people want to sell their houses and rent back because they are in a financial mess and debt repayments have not been easy for them. For a successful sell and rent back scheme, a house owner must be prepared to pay the estate agent or the  company handling the scheme and transfer of house ownership, after that, the cost of moving out of the house as well as the payment of taxes,  remortgaging and  commissions must have drained one’s pocket before even making any profit from the sale of the house.