Tag Archives: Rent

Why Has the Financial Services Authority (FSA) Regulated the Sale and Rent Back Sector?

Sell and rent back has been in existence for many years. In the past, there have been a number of cases where companies or individuals have entered into a sale and rent back agreements, promising the owner the opportunity to remain in their property for as long as they wish.

However, the reality in a number of cases is that after a period of six months, the owners have been served notice, evicted from the property, and left homeless by unscrupulous landlords and the property sold at a large profit. In addition to this, there have also been cases where mortgage companies have repossessed the homes of these individuals as the landlords have been unable or unwilling to make mortgage payments on the homes in question.

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How Sell and Rent Back Firms are Influenced by the Regulation of Financial Services Act 2005

The Regulation of Financial Services Act 2005 is one of the most important pieces of regulation that sell and rent back providers will have to deal with. This is a law that works to help with getting all providers to be sure that they report their processes correctly. This is so all providers in the United Kingdom can be interpreted as legal ones that work with security and fairness in mind for customers. It also works in order to make all activities and processes that a provider can work with ones that are fair for everyone.

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Financial Services Authority Sell & Rent Back Regulation

Compare Property Buyers have now been regulated by the Financial Services Authority to offer advice on UK Sell and Rent Back Schemes. Compare Property Buyers are completely independent and operate a treating customers fairly policy to insure fair play for users of Sell & Rent Back schemes.

Since the start of the credit crunch in late 2007 there have been a growing number of private investors and investment companies offering to buy property and then rent it back to the original owners, this sector has now grown into what has become known as the “Sell and Rent Back” Industry.

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