“Sale and rent back” investigation
The Rat and Mouse welcomes news that the OFT is investigating sale and rent back schemes… a practice in which homeowners at risk of repossession sell properties at bargain basement prices to companies and then rent from them. Certainly,…
Original post by Click here and PropertyMagnate.com
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The FSA has taken the unusual step of creating a temporary regime for sale and rent back companies, highlighting concerns about the previously unmonitored marketOriginal...... click title for details
Sale-and-rent-back schemes target homeowners who may be vulnerable to repossession, offer to buy their homes off them at bargain-basement prices and keep them in...... click title for details
