Hi, I have been approached by a property investment company about buying my house.

I have discussed the minimum price I will accept (pretty near market value) and they are still keen to make an offer.

I have made it extremely plain that, being in a near negative equity situation, I have no room for movement on the asking price.

They have given me an outline idea of how they would approach the sale which is to:

1. Agree the selling price.

2. Delay exchange of contracts until an agreed time (possibly as much as 3yrs time).

They have said they will have to prove to my lender that they will service the mortgage thus removing all financial obligation for me and allowing me the freedom to go and find a new mortgage for my new house.

They have also stated that, until we exchange, legally, my name will have to remain on the title deed.

My concern is how this will affect me in relation to any ongoing liabilty.

No cash will change hands just their proof to my lender that they are legally bound and able to take on the payments on my behalf until the stated and agreed date for exchange of contracts.

They said the nearest thing to compare it with is a Buy to Let type set up (proving to existing and new lender that mortgage payments are covered).

Down side: I have to watch my house being sold in the future at a higher price (in theory and their risk I guess)

Upside: I get to move onwards and upwards.

Any advice on this and obvious risks appreciated.

Representative coming to see me tomorrow evening to discuss the 'scheme'.

Thanks.