Over recent years there has been a lot of concern over sale and rent back schemes, and this is where a company buys a person’s property for a percentage of the market value and then rents it back to them. (more…)
Posts Tagged ‘sale and rent back’
Older homeowners warned about eviction threat from sale and rent back operators
Thursday, February 11th, 2010A warning has been put out for older homeowners that may be looking to release equity from their homes, with officials concerned that many of these homeowners could end up at the mercy of sale and rent back operators that are nohttp://www.glitec.co.uk/wp-admin/post.php?action=edit&post=1680&message=6t operating to FSA regulations. (more…)
Regulation brought in for sale and rent back
Sunday, July 5th, 2009Sale and rent back schemes have been at the centre of controversy over the past couple of years. Since the onset of the global credit crunch, and with property prices falling, an increasing number of people have turned to these sale and rent back firms in order to avoid losing their homes altogether through repossession. (more…)
Are firmer regulations needed over sale and rent back firms?
Wednesday, October 29th, 2008Over the last couple of years we have heard more and more about sale and rent back schemes, which many of us may never have heard of before. However, since interest rates started to soar in 2006, many homeowners found that they were not able to keep up with rising mortgage repayments, and this resulted in them having to take drastic action to avoid losing their homes altogether. The problems have become worse over the past year as a result of soaring living costs, rising bills, and tighter credit conditions, which have all adversely affected the ability of many homeowners to keep on top of their mortgage repayments. (more…)
Charity concerns over sale and rent back firms
Friday, April 11th, 2008With many homeowners struggling financially due to rising living costs and high mortgage repayments, along with predictions that house prices could plummet over the coming year or two, many people may be thinking of selling up whilst prices are still high in order to avoid falling into negative equity. However, recent reports have shown how many homeowners are finding it increasingly difficult to sell their homes, as tight credit conditions and increased wariness over purchasing property continue to wreak havoc in the housing market. (more…)