Yazan: admin | 19 February 2010 | No Comments
Categories: Sell and Rent Back
Selling a house and then renting back from the new owner is becoming a popular way for many home owners to raise some money in their more mature years. Since July 2009, the industry has been regulated by the Financial Services Authority (FSA) to try and stop unscrupulous
Yazan: admin | 06 February 2010 | No Comments
Categories: Sell and Rent Back
The FSA has announced that they want to cap rent increases in sell and rent back schemes to 15% per annum, which sounds quite a lot in my opinion. But they will not be regulating this guideline themselves and will be relying on operators within the industry to conduct affordability test. Instead they will leave it up to the Financial Ombudsman to resolve complaints made by tenants.