Firms buying homes and renting them back to struggling home owners who are often trying to avoid repossession have stopped trading after a Financial Services Authority investigation.
The FSA says most of the schemes should never have been sold as they were either unaffordable or unsuitable solutions for homeowners.
The schemes were marketed under several different labels – below-market-value deals, sale and rent back or sale and leaseback. Continue reading Ban for ‘Unfair’ Sale and Rent Back Firms
Recently, one of the properties managed by our portfolio management company, National Property Group, was subject to a legal challenge against the landlord.
Since selling the property, the original vendor had subsequently been made bankrupt, and the Trustee acting on behalf of the creditors was demanding the difference between the below market value sale price and the market value, from the Landlord. Continue reading How Sell and Rent Back Links Britain’s Most Wanted Man
In this video I interview IFA Jason Howard about how property investors and business owners can combine their pension schemes to acquire commercial property and to release cash tied up in their businesses premises for alternative investment or cashflow purposes.
Continue reading Using pensions for sale and rent back of commercial property