Rain S.

Registered with Property118.com
Saturday 11th February 2017


Latest Comments

Total Number of Property118 Comments: 4

Rain S.

12:39 PM, 15th February 2017, About 4 years ago

Sale and Rent Back our loved property?

Reply to the comment left by "Dave Driver" at "15/02/2017 - 00:04":

Hi Dave,
I found it on https://www.handbook.fca.org.uk/handbook/MCOB/2/6A.html => MCOB 2.6A.5B [R] 26/04/2014 => "(i) if the property is in England and Wales, as an assured tenancy (including an assured shorthold tenancy) under the Housing Act 1988 (as amended); [...] (b) the tenancy is for a fixed term of no less than five years;"

Isn't it a bit strange that not all SRB regulations are in ONE document?

And what does this mean:

"as an assured tenancy (including an assured shorthold tenancy)"

I know what an assured tenancy is, and I know what an AST is, but how can an Assured Tenency "include" an AST?... Read More

Rain S.

22:00 PM, 14th February 2017, About 5 years ago

Sale and Rent Back our loved property?

Reply to the comment left by "Puzzler " at "14/02/2017 - 19:57":

Hi, you wrote:

> You will find solicitors won’t touch them either

Do you mean we wouldn't find a solicitor who would handle a SRB agreement?... Read More

Rain S.

18:59 PM, 14th February 2017, About 5 years ago

Sale and Rent Back our loved property?

Reply to the comment left by "Dave Driver" at "14/02/2017 - 12:22":

Hi Dave,
I went to https://www.handbook.fca.org.uk/handbook/MCOB/4/11.html
and couldn't find anything about the "minimum 5 years fixed tenancy".
I thought the rent back duration is regulated in that way? (no short ASTs)
And please could you answer Michael a bit more detailed regarding
"private individuals" who just want to rent their second house out?
Thanks.... Read More

Rain S.

21:21 PM, 13th February 2017, About 5 years ago

Sale and Rent Back our loved property?

Hi and thanks for the link. The history of sale and rent back includes interesting facts.
Mark Alexander, are you reading this? We would appreciate an up-to-date comment regarding SARB.
We had already learned, that ASTs are not allowed under regulated SRB, only fixed term tenancies (5 years minimum), so buyers cannot mortgage such properties. Hence only regulated cash buyers can offer SRB, correct? (Maybe sometimes they resell later to private buyers who don't want a mortgage - just a nice property investment with permanent, immediate rent income?) The question is how to find such firms/buyers nowadays? Thanks for any help in this matter.... Read More