sale and rent back schemes

Is this the next big mis-selling scandal?

Rebecca Atkinson — Mon, 03 Nov 2008 15:35:36 +0000

Sale and rent back schemes are increasingly being touted as the solution for desperate homeowners who are struggling with their mortgage repayments. The concept is simple: an investor offers to buy the property while allowing the former owners to stay on as paying tenants.

Crackdown on sale and rent back

Rebecca Atkinson — Thu, 16 Oct 2008 13:20:10 +0100

Landlords who buy properties at under market value and allow the previous owners to rent it back are to be investigated by the Office of Fair Trading amid concerns they take advantage of desperate homeowners.

Consumer watchdog to investigate sale and rent back schemes

Rebecca Atkinson — Wed, 14 May 2008 16:39:12 +0100

Sale and rent back schemes are to be investigated by the Office of Fair Trading amid concerns that they can leave vulnerable homeowners out of pocket and even homeless.

The schemes - which can be run by companies or individuals - offer to buy properties from their owners below market value. In return, the former owners are able to rent the property and continue to live there for a pre-agreed period of time.