SELL RENT BACK WARNING!!
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February 2010 SELL & RENT BACK WARNING!! Make Sure You Are Dealing with an FSA Licensed Sale & Rent Back company AS OF JULY 1ST 2009 SELL & RENT BACK COMPANIES MUST BE REGULATED BY THE FSA! Make sure you use a licensed cash property buyer if thinking of selling and renting back. For many years I provided free advice for homeowners who were thinking of selling and renting back their homes. This advice on how to avoid sell and rent back scams and exposing some of the tricks that unscrupulous buyers were using against homeowners who sold and rented back their properties hopefully helped many avoid the sale and rent back pitfalls. New FSA Regulation of Rent Back Scheme operators aims at As of July 2009 help is at hand by way of protecting Sell & Rent Back tenants and limits the power of Government legislation making it illegal for companies to evict tenants after they have sold their homes. companies to advertise sell and rent back www.cashformyhouse.co.uk 01462 889316  schemes (SARB) or purchase properties with the intent to rent them back to the owner. This was in response to many complaints received by the Office of Fair Trading (OFT) and other agencies like Shelter and the Citizens Advice Bureau (CAB). Although most operators were completely legitimate and looked after the interests of their rent back tenants the Government decided to introduce new legislation to protect those who wish to stay in their homes after selling. There are many reasons why you may decide that selling your home and renting it back is an option, but it is important to be aware of all the facts before committing to a sale. If you decide for any reason that sell and rent back is an option please make sure that you contact and deal only with companies who are FSA regulated. I am not licensed to advise on sell and rent back schemes but I am licensed to put sellers in touch with an FSA regulated property company† . If you wish to find out more about sell and rent back please fill out this short form click here If you wish to simply sell your home and move on please fill out the form for this option click here † I am not authorised by the FSA to provide speciﬁc advice or service for sale and rent back activities. I will pass such enquiries to a suitably authorised ﬁrm. I may receive a fee from the ﬁrm. If you are contacted by an un-regulated company offering any advice, service or similar involving sell and rent back you should contact the Ofﬁce of Fair Trading or the Financial Services Authority and report the company or individuals involved. www.cashformyhouse.co.uk 01462 889316