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.