Consumer champions are warning homeowners with financial problems about property speculators who offer a way to avoid repossession with lease option deals.
The Financial Services Authority (FSA) is drafting guidelines warning homeowners about some unscrupulous companies that fail to deliver their promises to stop repossessions or ease their financial problems.
Lease options are a controversial property investment tool favoured by speculators looking for below market value deals. Continue reading FSA to Warn Homeowners About Misleading Lease Option Deals
I listened to a programme on Radio 5 Live a few days ago that investigated how “Property Investor and Guru” Phil Martin had left a couple close to bankruptcy after agreeing a lease option on their property.
Housing minister Grant Shapps has publically backed a web site advertising rent-to-buy homes.