Business watchdog the Financial Services Authority brought in a variety of alterations to control the sell and rent back industry back in June 2010, then one company has already been under investigation for failure to comply.
The details were uncovered by a Freedom of Information enquiry, and a spokesperson with the FSA established that a firm were being investigated regarding “rent-back bad practices and related misconduct” in a report.
The legislation was brought in to manage rogue companies who were employing dishonest tactics and ripping off homeowners.
For home owners thinking of selling their houses to a sale and rent back business, you want to be certain that you’re working with a full controlled firm. Rent My House Back were among the first corporations to be authorised and regulated by the FSA, and also have always taken steps to guarantee customers were handled fairly before the regulations was brought in.
They feature a variety of services, including equity release schemes and also solutions to make you stay in your home should you be facing repossession or struggling with debt. They also provide a Back Buy Option, so you have total comfort knowing that you can purchase your home back at any time.
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